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StockNews.com
StockNews.com
Business
Pragya Pandey

Is Grom Social Enterprises a Good Social Media Stock to Buy?

Grom Social Enterprises, Inc. (GROM) in Boca Raton, Fla., works as a media, technology, and entertainment corporation focused on delivering content in the United States. The company runs a social media platform for children under 13. It also creates animated films and television shows and offers online filtering services to schools and government organizations.

The stock has gained 6% in price over the past month owing to GROM's Curiosity Ink Medi's partnership with iconic comedian Maz Jobrani. However, its shares have dipped 63.7% over the past year and 41.2% over the past three months to close yesterday's trading session at $1.23. In addition, it recently hit its 52-week low of $0.79 on March 8, 2022.

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