Grocery Outlet Holding Corp. (NASDAQ:GO) saw an upside of 1.52% to close Tuesday at $22.02 after adding $0.33 on the day. The 5-day average trading volume is 1,068,060 shares of the company’s common stock. It has gained $22.25 in the past week. An average of 1,566,255 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,231,506.
GO’s 1-month performance is -12.10% or -$2.99 on its low of $21.01 reached on 09/30/21. The company’s shares have touched a 52-week low of $21.01 and high of $48.87, with the stock’s rally to the 52-week high happening on 01/28/21. YTD, GO has lost -43.90% or -$17.23. However, the current price is down -54.94%% from the 52-week high price.
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On Sep 15, 28 days have gone by since the last insider trading activity for Grocery Outlet Holding Corp. (GO). Herman Thomas F (Director) most recently sold 2,000 shares at $24.50 per share on Sep 15. This transaction cost the insider $49,010. Director, Herman Thomas F, sold 2,000 shares at a price of $26.82 on Aug 17. Then, on Jul 21, Chief Executive Officer Lindberg Eric J. Jr. sold 25,000 shares at a price of $35.87 per share. This transaction amounted to $896,750.
The company’s PE ratio for the last five years has touched a high of 268.96 and a low of 20.42. GO stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.69 while the price-to-book (PB) in the most recent quarter is 2.17, with the price to cash flow ratio at 57.98.
Grocery Outlet Holding Corp.’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 1.90 meaning that GO stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.46, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 30.70%. The trailing 12-month EBITDA margin is 5.28% while for the period ending June 29; Grocery Outlet Holding Corp.’s operating margin was 3.40%. The firm’s gross profit as reported stood at $973.35 million against revenue of $3.13 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected GO to announce $0.24 per share in earnings in its latest quarter, but it posted $0.23, representing a -4.20% surprise. EBITDA for the quarter stood at more than $41.97 million. GO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.59 billion, with total debt at $1.42 billion. Shareholders hold equity totaling $95.92 million
Let’s look briefly at Grocery Outlet Holding Corp. (GO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 43.35% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.24%.
The stock’s 5-day moving average is $21.85, reflecting a +2.09% or $0.45 change from its current price. GO is currently trading -10.71% above its 20-day SMA, -36.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -33.83% and -45.50% respectively.
Stochastic %K and %D was 35.92% and 33.00% and the average true range (ATR) pointed at 0.57. The RSI (14) points at 35.18%, while the 14-day stochastic is at 49.98% with the period’s ATR at 0.62. The stock’s 9-day MACD Oscillator is pointing at 0.15 and 0.06 on the 14-day charts.
In the most recent analyst report for Grocery Outlet Holding Corp. (NASDAQ: GO), MKM Partners downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for GO stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate GO as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is GO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $24.00 and a high of $38.00, with their median price target at $33.50. Looking at these predictions, the average price target given by analysts is for Grocery Outlet Holding Corp. (GO) stock is $32.57.