Sow Good (NASDAQ:SOWG) Shares Up 7.3% – Should You Buy?

Sow Good Inc. (NASDAQ:SOWG) shares rose 7.3% on Friday . The stock traded as high as $2.92 and last traded at $2.79. Approximately 85,977 shares changed hands during trading, a decline of 49% from the average daily volume of 167,678 shares. The stock had previously closed at $2.60.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SOWG. Roth Mkm lowered Sow Good from a “buy” rating to a “neutral” rating and cut their target price for the company from $17.00 to $4.00 in a research report on Friday, November 15th. Craig Hallum cut Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price objective for the company. in a research report on Friday, November 15th. Finally, Roth Capital lowered shares of Sow Good from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th.

Sow Good Stock Performance

The firm’s 50-day moving average price is $2.89 and its 200 day moving average price is $9.70. The company has a market cap of $28.57 million, a price-to-earnings ratio of 11.16 and a beta of 1.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SOWG. Marshall Wace LLP acquired a new position in Sow Good during the 2nd quarter worth approximately $1,826,000. Bard Associates Inc. increased its position in shares of Sow Good by 43.3% during the third quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock valued at $2,842,000 after acquiring an additional 73,445 shares during the last quarter. Finally, Accredited Investors Inc. grew its holdings in shares of Sow Good by 181.2% in the third quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock worth $2,939,000 after acquiring an additional 161,994 shares during the period. 10.74% of the stock is currently owned by institutional investors.

About Sow Good

Sow Good Inc is engaged in producing nutritious products in the freeze-dried food industry. Sow Good Inc, formerly known as Black Ridge Oil and Gas Inc, is based in IRVING, Texas.