GrowGeneration Corp (NASDAQ:GRWG) currently has a daily average trading volume of 681.85K but it saw 696861 shares traded in last market. With a market cap of 87.09M USD, the company’s current market price of $1.47 came falling about -1.34 while comparing to the previous closing price of $1.49. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.38 and as low as $1.48. In the recent trading on the day, stock has struck highest price mark of $1.44 while lowest mark touched by it was $1.49.
Taking a look at 20-day trading activity of GrowGeneration Corp (GRWG) gives us an average price of $1.6130, while its current price level is -56.51% below from 52-week high level whereas it is -0.68% 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 $1.7490 while that of 200 days or SMA-200 reads an average of $2.1419. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.41% during that period while stretching the period over a month that increases to 5.70%. 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 32.88 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 -4.55% down while it is -11.98% when we observe its performance for the past one month. Year-to-date it is -13.02% down and over the past year, the stock is showing a downside performance of -38.49%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $43.12M as analysts are expecting the sales for current fiscal year at $192.65M and seeing the company making $186.64M in sales next year. Moreover, analysts are in estimates of $41.13M for current-quarter revenue.
Currently, GrowGeneration Corp’s total number of outstanding shares is 59.24M with 7.72% of that held by the insiders while 42.44% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -30.60% and return on equity (ROE) at -31.16%. Stock’s beta reads 3.08. Stock has a price to book (P/B) ratio of 0.61 while price to sale or P/S ratio amounts to 0.43. Its return on asset (ROA) is -22.43% on average.
