Harrow, Inc. (HROW)Healthcare | Drug Manufacturers - Specialty & Generic | Nashville, United States | NasdaqGM
37.27 USD
-1.27
(-3.295%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 37.77 +0.50 (1.342%) ⇧ (Aug. 28, 2026, 7:30 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 2:42 a.m. EDT
The investment case for Harrow is currently fractured between a deteriorating operational reality and speculative hopes for a turnaround. Fundamentally, the company is in distress: it is burning cash with negative free cash flow, posting operating losses, and carrying a debt-to-equity ratio of over 2,000%. The balance sheet is fragile, and the recent price action shows a trailing 12-month decline, confirming that the market has punished the stock for these fundamental weaknesses. While the forward P/E looks attractive, it is meaningless given the negative trailing earnings and the lack of a proven path to profitability. The short-term outlook remains cautious due to the heavy put activity seen in the near-term options chain, which suggests investors are actively protecting against further downside following recent earnings misses. However, the long-term narrative is driven entirely by the massive call open interest wall at the $50 strike for late 2026 and early 2027. This indicates that sophisticated capital is willing to bet on a successful drug approval or commercialization event that could double the stock price, despite the current financial bleeding. Until the company demonstrates a clear path to generating positive cash flow and reducing its massive leverage, this remains a high-risk speculative play rather than a sound investment. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.047199 |
| AutoTheta | 0.048882 |
| MSTL | 0.050354 |
| AutoARIMA | 0.071826 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 40% |
| H-stat | 0.77 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.360 |
| Excess Kurtosis | -0.59 |
| Attribute | Value |
|---|---|
| Sector | Healthcare |
| Debt to Equity Ratio | 2025.894 |
| Revenue per Share | 7.398 |
| Market Cap | 1,397,172,096 |
| Forward P/E | 13.62 |
| Beta | 0.25 |
| Profit Margins | -13.51% |
| Previous Name | Harrow Health, Inc. |
| Website | https://www.harrow.com |
As of Aug. 22, 2026, 2:42 a.m. EDT: Options activity reveals a distinct divergence between near-term hedging and medium-term speculation. For the September expiration, put volume significantly exceeds call volume, indicating active protection buying around current levels. However, looking further out to December 2026 and January 2027, there is a massive buildup of call open interest at the $50 strike, creating a significant barrier that suggests speculators are positioning for a substantial rally to double the current price. This long-dated call wall contrasts sharply with the heavy put positioning in the immediate term, implying a 'bet on volatility' strategy where traders are hedging against near-term dips while retaining exposure to a potential long-term recovery.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.011929989 |
| Address1 | 1A Burton Hills Boulevard |
| Address2 | Suite 200 |
| All Time High | 140.0 |
| All Time Low | 0.5 |
| Ask | 51.2 |
| Ask Size | 2 |
| Audit Risk | 9 |
| Average Analyst Rating | 1.0 - Strong Buy |
| Average Daily Volume10 Day | 511,380 |
| Average Daily Volume3 Month | 658,276 |
| Average Volume | 658,276 |
| Average Volume10Days | 511,380 |
| Beta | 0.254 |
| Bid | 28.48 |
| Bid Size | 2 |
| Board Risk | 6 |
| Book Value | 0.406 |
| City | Nashville |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 9 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 37.27 |
| Current Ratio | 2.244 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 38.795 |
| Day Low | 37.07 |
| Debt To Equity | 2,025.894 |
| Display Name | Harrow |
| Earnings Call Timestamp End | 1,786,449,600 |
| Earnings Call Timestamp Start | 1,786,449,600 |
| Earnings Timestamp | 1,786,392,000 |
| Earnings Timestamp End | 1,794,254,400 |
| Earnings Timestamp Start | 1,794,254,400 |
| Ebitda | 17,715,000 |
| Ebitda Margins | 0.06428 |
| Enterprise To Ebitda | 91.01 |
| Enterprise To Revenue | 5.85 |
| Enterprise Value | 1,612,244,224 |
| Eps Current Year | 0.28 |
| Eps Forward | 2.73667 |
| Eps Trailing Twelve Months | -0.96 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 41.287 |
| Fifty Day Average Change | -4.0169983 |
| Fifty Day Average Change Percent | -0.09729451 |
| Fifty Two Week Change Percent | -1.1929989 |
| Fifty Two Week High | 54.85 |
| Fifty Two Week High Change | -17.579998 |
| Fifty Two Week High Change Percent | -0.32051045 |
| Fifty Two Week Low | 28.54 |
| Fifty Two Week Low Change | 8.73 |
| Fifty Two Week Low Change Percent | 0.30588645 |
| Fifty Two Week Range | 28.54 - 54.85 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,190,986,200,000 |
| Float Shares | 28,929,749 |
| Forward Eps | 2.73667 |
| Forward P E | 13.618741 |
| Free Cashflow | -5,490,125 |
| Full Exchange Name | NasdaqGM |
| Full Time Employees | 373 |
| Fullday Change | -1.27 |
| Fullday Change Percent | -3.29528 |
| Fullday Price | 37.77 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,785,542,400 |
| Gross Margins | 0.73280996 |
| Gross Profits | 201,958,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.15378 |
| Held Percent Institutions | 0.58604 |
| Implied Shares Outstanding | 37,487,850 |
| Industry | Drug Manufacturers - Specialty & Generic |
| Industry Disp | Drug Manufacturers - Specialty & Generic |
| Industry Key | drug-manufacturers-specialty-generic |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,360,281,600 |
| Last Split Factor | 1:5 |
| Long Business Summary | Harrow, Inc., an eyecare pharmaceutical company, engages in the discovery, development, and commercialization of ophthalmic pharmaceutical products in the United States. It operates through Branded and ImprimisRx segments. The company offers ImprimisRx, an ophthalmology-focused compounded medications. It also provides IHEEZO, a chloroprocaine hydrochloride ophthalmic gel; ophthalmic solutions, including IOPIDINE, VEVYE, and ZERVIATE, as well as BYQLOVI; MAXITROL eye drops; ILEVRO and NEVANAC, a non-steroidal and anti-inflammatory eye drop for pain and inflammation associated with cataract surgery; BYOOVIZ, a LUCENTIS biosimilar indicated for the treatment of patients with Neovascular (Wet) age-related macular degeneration (AMD), macular edema following retinal vein occlusion (RVO), and myopic choroidal neovascularization (mCNV); VIGAMOX, a fluoroquinolone antibiotic eye drop for the treatment of bacterial conjunctivitis; OPUVIZ, an EYLEA biosimilar indicated for the treatment of patients with Wet AMD, macular edema following RVO, diabetic macular edema (DME), and diabetic retinopathy (DR); MAXIDEX and FLAREX, a steroid eye drop for steroid-responsive inflammatory conditions of the palpebral and bulbar conjunctiva, cornea, and anterior segment of the globe and the eye; TRIESENCE, a steroid injection for the treatment of ophthalmic diseases and for visualization during vitrectomy; and NATACYN, a sterile, antifungal drug for the treatment of fungal blepharitis, conjunctivitis, and keratitis. In addition, it offers TOBRADEX ST, a tobramycin and dexamethasone ophthalmic suspension; VERKAZIA cyclosporine ophthalmic emulsion; NEVANAC, a non-steroidal, anti-inflammatory eye drop; and FRESHKOTE preservative free (PF) is a lubricant eye drop. The company was formerly known as Harrow Health, Inc. and changed its name to Harrow, Inc. in September 2023. Harrow, Inc. was founded in 1998 and is headquartered in Nashville, Tennessee. |
| Long Name | Harrow, Inc. |
| Market | us_market |
| Market Cap | 1,397,172,096 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_21993612 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-08-29 |
| Net Income To Common | -37,226,000 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 1,444,781,739 |
| Number Of Analyst Opinions | 8 |
| Open | 38.5 |
| Operating Cashflow | 6,252,000 |
| Operating Margins | -0.15577 |
| Overall Risk | 6 |
| Payout Ratio | 0.0 |
| Phone | 615 733 4730 |
| Post Market Change | 0.5 |
| Post Market Change Percent | 1.3415616 |
| Post Market Price | 37.77 |
| Post Market Time | 1,787,959,806 |
| Prev Name | Harrow Health, Inc. |
| Previous Close | 38.54 |
| Price Eps Current Year | 133.10715 |
| Price Hint | 2 |
| Price To Book | 91.798035 |
| Price To Sales Trailing12 Months | 5.0696754 |
| Profit Margins | -0.13508001 |
| Quick Ratio | 1.995 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.0 |
| Region | US |
| Regular Market Change | -1.27 |
| Regular Market Change Percent | -3.29528 |
| Regular Market Day High | 38.795 |
| Regular Market Day Low | 37.07 |
| Regular Market Day Range | 37.07 - 38.795 |
| Regular Market Open | 38.5 |
| Regular Market Previous Close | 38.54 |
| Regular Market Price | 37.27 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 400,773 |
| Return On Assets | -0.00451 |
| Return On Equity | -1.1607 |
| Revenue Growth | 0.109 |
| Revenue Per Share | 7.398 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Healthcare |
| Sector Disp | Healthcare |
| Sector Key | healthcare |
| Share Holder Rights Risk | 3 |
| Shares Outstanding | 37,487,850 |
| Shares Percent Shares Out | 0.1696 |
| Shares Short | 6,358,236 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 6,844,497 |
| Short Name | Harrow, Inc. |
| Short Percent Of Float | 0.1887 |
| Short Ratio | 10.83 |
| Source Interval | 15 |
| State | TN |
| Symbol | HROW |
| Target High Price | 88.0 |
| Target Low Price | 59.0 |
| Target Mean Price | 67.5 |
| Target Median Price | 61.5 |
| Total Cash | 85,317,000 |
| Total Cash Per Share | 2.276 |
| Total Debt | 300,744,000 |
| Total Revenue | 275,593,984 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.96 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 41.3238 |
| Two Hundred Day Average Change | -4.0537987 |
| Two Hundred Day Average Change Percent | -0.098098405 |
| Type Disp | Equity |
| Volume | 400,773 |
| Website | https://www.harrow.com |
| Zip | 37,215 |