GrowGeneration Corp. (NASDAQ:GRWG) saw a downside of -9.64% to $21.46 after subtracting -$2.29 on Wednesday. The 5-day average trading volume is 1,290,674 shares of the company’s common stock. It has gained $25.20 in the past week. An average of 1,306,528 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,794,809.
GRWG’s 1-month performance is -16.31% or -$7.05 on its low of $21.20 reached on 10/13/21. The company’s shares have touched a 52-week low of $15.84 and high of $67.75, with the stock’s rally to the 52-week high happening on 02/10/21. YTD, GRWG has lost -40.95% or -$18.90. However, the current price is down -68.32%% from the 52-week high price.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
On Jun 08, 127 days have gone by since the last insider trading activity for GrowGeneration Corp. (GRWG). Aiello Stephen (Director) most recently sold 25,000 shares at $44.41 per share on Jun 08. This transaction cost the insider $1,110,315. Director, Aiello Stephen, sold 25,000 shares at a price of $44.41 on Jun 08. Then, on Jun 08, CEO Lampert Darren sold 85,937 shares at a price of $44.52 per share. This transaction amounted to $3,826,328.
The company’s PE ratio for the last five years has touched a high of 1405.00 and a low of 71.75. GRWG stock has a beta of 2.93. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.37 while the price-to-book (PB) in the most recent quarter is 3.86.
GrowGeneration Corp.’s quick ratio for the period ended June 29 was 2.70, with the current ratio over the same period at 4.30 meaning that GRWG stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 27.50%. The trailing 12-month EBITDA margin is 5.62% while for the period ending June 29; GrowGeneration Corp.’s operating margin was 7.50%. The firm’s gross profit as reported stood at $51.05 million against revenue of $193.37 million.
For the quarterly period ending June 29 this year, GrowGeneration Corp.’s cash and short-term investments amounted to $57.36 million against total debt of $33.08 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 65.49% to $125.89 million, while revenue of $90.02 million was 28.49% off the previous quarter. Analysts expected GRWG to announce $0.12 per share in earnings in its latest quarter, but it posted $0.11, representing a -8.30% surprise. EBITDA for the quarter stood at more than $12.53 million. GRWG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 88.99 million, with total debt at $33.08 million. Shareholders hold equity totaling $59.61 million
Let’s look briefly at GrowGeneration Corp. (GRWG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 26.01% to suggest the stock is trending oversold, with historical volatility in this time period at 66.32%.
The stock’s 5-day moving average is $23.20, reflecting a -8.87% or -$2.07 change from its current price. GRWG is currently trading -20.70% above its 20-day SMA, -42.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -47.87% and -45.75% respectively.
Stochastic %K and %D was 5.82% and 8.39% and the average true range (ATR) pointed at 1.40. The RSI (14) points at 28.49%, while the 14-day stochastic is at 2.02% with the period’s ATR at 1.47. The stock’s 9-day MACD Oscillator is pointing at -0.66 and -1.46 on the 14-day charts.
In the most recent analyst report for GrowGeneration Corp. (NASDAQ: GRWG), ROTH Capital upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for GRWG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GRWG as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 have offered a “buy” rating.
What is GRWG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $41.00 and a high of $63.00, with their median price target at $55.00. Looking at these predictions, the average price target given by analysts is for GrowGeneration Corp. (GRWG) stock is $54.25.