GrowGeneration Corp. (NASDAQ:GRWG) does about 4.42M shares in volume on a normal day but saw 13399572 shares change hands in Friday trading. The company now has a market cap of 718.04M USD and an enterprise value of about $711.31M. Its current market price is $16.34, marking an increase of 8.53% compared to the previous close of $15.06. The 52 week high reached by this stock is $22.88 whilst the lowest price level in 52 weeks is $2.62. The script in recent trading has seen the stock touch a high of $17.40 and a low of $15.30.
GrowGeneration Corp. (GRWG) has a 20-day trading average at $13.17 and the current price is -28.56% off the 52-week high compared with 523.85% distance from its 52-week low. The 50-day simple moving average of the closing price is $9.60 and its 200-day simple moving average is $6.01. If we look at the stock’s price movements over the week, volatility stands at 12.70%, which increases to 13.13% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.39 to suggest the stock is neutral.
7 analysts observing the GrowGeneration Corp. (GRWG) stock have set the 12-month price targets for the company’s shares at between $14.00 and $25.00. The consensus objective for the share price is $8.17, suggesting that the stock has a potential downside of -100.0% over the period. The median price target is -2.12% away from the current levels at $16.00.
FactSet Research has provided data showing that 7 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 7 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 27, 2020 when Stifel initiated the stock to “Buy” and issued a price target of $22. The Benchmark Company initiated its price target at $8.
The current price level is 27.96%, 73.53%, and 174.84% away from its SMA20, SMA50, and SMA200 respectively, with the GRWG price moving below the 50-day SMA on August 28. GrowGeneration Corp. (GRWG) stock is down -5.77% over the week and 88.52% over the past month. Its price is 298.66% year-to-date and 205.34% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.06 above consensus estimates by $0.01. The company’s next earnings report is expected on 11/16/2020, with forecasts estimating quarterly EPS at $0.06 and $0.15 for whole year. GRWG’s earnings per share are forecast to grow by 200.00% this year and 120.00% over next year. Expected sales for next quarter are $49.06 million, which analysts say will come at $172.09 million for the current fiscal year and next year at $254.42 million. In addition, estimates put the company’s current quarterly revenue at an average of $46.58 million.
Its 12-month price target is $16.00. To reach the target analysts have set, the stock logically needs to shrink -100.0 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $14.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $25.00.
Outstanding shares total 38.62M with insiders holding 11.32% of the shares and institutional holders owning 31.77% of the company’s common stock. The company has a return on investment of 3.90% and return on equity of 1.90%. The price to earnings ratio (P/E ratio) amounts to 817.25 while the forward price to earnings ratio is 49.53. The beta has a value of 2.33. Price to book ratio is 10.03 and price to sales ratio is 5.81.
Federated Hermes Kaufmann Small C isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 0.18 million shares to end up with 984,200 shares worth $8.31 million. iShares Russell 2000 ETF cut their holdings by -4.46% in the company over the course of the most recent quarter. It now holds a 1.50% position in GrowGeneration Corp. thanks to 0.58 million shares amounting to $4.9 million.