GrowGeneration Corp (NASDAQ:GRWG) currently has a daily average trading volume of 1.09M but it saw 3675823 shares traded in last market. With a market cap of 172.20M USD, the company’s current market price of $2.80 came falling about -15.92 while comparing to the previous closing price of $3.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.00 and as low as $1.77.
Taking a look at 20-day trading activity of GrowGeneration Corp (GRWG) gives us an average price of $2.39, while its current price level is -44.00% below from 52-week high level whereas it is 58.19% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.30 while that of 200 days or SMA-200 reads an average of $2.72. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.25% during that period while stretching the period over a month that decreases to 10.75%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 57.92 which implies that the stock is in neutral territory.
Craig Hallum upgraded its recommendation for the stock as a “Buy” from “Hold” on May 10, 2023 while assigning a price target range of $4.25-$4.75. Alliance Global Partners also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $7 and $4.50.
Over the week, GRWG’s stock price is moving -8.20% down while it is 32.08% when we observe its performance for the past one month. Year-to-date it is 11.55% up and over the past year, the stock is showing a downside performance of -16.42%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of -$0.44 beaten by the consensus estimate of -$0.13 for the same. For GRWG, analysts are forecasting an EPS-growth rate of 56.60% for current year and estimate for EPS growth in next year is 33.30%. In next quarter, company is expected to be making quarterly sales of $55.55 million as analysts are expecting the sales for current fiscal year at $208.84 million and seeing the company making $221.86 million in sales next year. Moreover, analysts are in estimates of $46.85 million for current-quarter revenue.
Currently, GrowGeneration Corp’s total number of outstanding shares is 61.48M with 5.95% of that held by the insiders while 47.81% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -22.37% and return on equity (ROE) at -23.86%. Stock’s beta reads 3.01. Stock has a price to book (P/B) ratio of 0.99 while price to sale or P/S ratio amounts to 0.76. Its return on asset (ROA) is -15.70% on average.
