The GrowHub Limited’s Lock-Up Period Will Expire on February 24th (NASDAQ:TGHL)

GrowHub’s (NASDAQ:TGHL) lock-up period will expire on Tuesday, February 24th. GrowHub had issued 3,750,000 shares in its public offering on August 28th. The total size of the offering was $15,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e-)” rating on shares of GrowHub in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

GrowHub Trading Down 7.3%

Shares of NASDAQ TGHL opened at $0.32 on Tuesday. The stock has a 50-day simple moving average of $0.39. GrowHub has a 52-week low of $0.29 and a 52-week high of $4.25.

GrowHub Company Profile

Our Company operates at the intersection of technology and supply chain management, focusing on enhancing product traceability and authenticity. With a commitment to innovation and sustainability, we have developed a multi-faceted approach to address industry challenges. Our business currently comprises two main divisions, which are the GrowHub Platform and our product trading facilitation offering, and we currently preparing for the launch of our third main business division, namely, the GrowHub Innovation Centre, which is expected to start generating material revenue by the end of the second quarter of 2025.