GrowGeneration Corp (NASDAQ:GRWG) does about 1.17M shares in volume on a normal day but saw 937545 shares change hands in Tuesday trading. The company now has a market cap of 151.29M USD. Its current market price is $2.46, marking an increase of 8.85% compared to the previous close of $2.26. The 52 week high reached by this stock is $5.00 whilst the lowest price level in 52 weeks is $1.77.
GrowGeneration Corp (GRWG) has a 20-day trading average at $2.58 and the current price is -50.80% off the 52-week high compared with 38.98% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.31 and its 200-day simple moving average is $2.65. If we look at the stock’s price movements over the week, volatility stands at 8.27%, which increases to 11.41% 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 51.97 to suggest the stock is neutral.
The consensus objective for the share price is $3.69, suggesting that the stock has a potential upside of 33.33% over the period.
Craig Hallum upgraded the stock to “Buy” from Hold on May 10, 2023 at a price target of $4.25-$4.75. Alliance Global Partners downgraded its price target at $7-$4.50.
GrowGeneration Corp (GRWG) stock is up 10.31% over the week and 10.31% over the past month. Its price is -1.99% year-to-date and -19.61% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of -0.1 above consensus estimates by 0.01. The company’s next earnings report forecasts estimating quarterly EPS at -0.11 and -0.33 for whole year. Expected sales for next quarter are $55.55M, which analysts say will come at $208.84M for the current fiscal year and next year at $221.86M. In addition, estimates put the company’s current quarterly revenue at an average of $46.85M.
To reach the target analysts have set, the stock logically needs to grow 33.33 percent from here.
The company has a return on investment of -22.37% and return on equity of -23.86%. The beta has a value of 3.06. Price to book ratio is 0.87 and price to sales ratio is 0.67.
