As of Friday close, Grocery Outlet Holding Corp.’s (NASDAQ:GO) stock was up $0.45, moving up 1.35 percent to $33.70. The average number of shares traded per day over the past five days has been 1,177,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.64 fall in that time frame. In the last twenty days, the average volume was 1,235,885, while in the previous 50 days, it was 1,016,836.
Since last month, GO stock rose 1.72%. Shares of the company fell to $32.82 on 08/17/23, the lowest level in the past month. A 52-week high of $42.90 was reached on 08/09/23 after having rallying from a 52-week low of $25.71. Since the beginning of this year, GO’s stock price has risen by 15.45% or $4.51, and marked a new high 17 times. However, the stock has declined by -21.44% since its 52-week high.
GO stock investors should be aware that Grocery Outlet Holding Corp. (GO) stock had its last reported insider trading activity 4 days ago on Aug 15. Herman Thomas F, the Director of the company, disposed of 2,000 shares for $33.91 on Aug 15. It resulted in a $67,818 divestment by the insider. Lindberg Eric J. Jr. sold 255,951 shares at an average price of $34.35 on Aug 11. The insider now owns 37,616 shares following the transaction. On Aug 10, Director Lindberg Eric J. Jr. sold 246,449 shares at $34.70 apiece. The transaction was valued at $8,550,671.
Valuation Metrics
Right now, Grocery Outlet Holding Corp. (GO) has a P/E ratio of about 47.33. The stock’s beta is 0.04. Besides these, the trailing price-to-sales (P/S) ratio of 0.87, the price-to-book (PB) ratio of 2.85, and the price-to-cash flow ratio of 27.95 may also be considered.
Financial Health
In the three months ended June 29, Grocery Outlet Holding Corp.’s quick ratio stood at 0.40, while its current ratio was 1.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.25, and the total debt-to-equity ratio was 0.25. On the profitability front, the trailing twelve-month gross margin is 31.10% percent. In the year ended June 29, operating margins totaled 2.90%. Based on annual data, GO earned $1.09 billion in gross profit and brought in $3.58 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.60%. Return on equity (ROE) for the past 12 months was 6.40%.
In Grocery Outlet Holding Corp.’s quarter-end financial report for June 29, it reported total debt of $290.66 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GO’s revenue rose 11.08% to $965.47 million during the quarter, while net income inched up to $1.01 billion. While analysts expected Grocery Outlet Holding Corp. to report $0.26 quarterly earnings, the actual figure was $0.32 per share, beating the consensus estimate by 23.10%. During the quarter, the company generated $57.83 million in EBITDA. The liabilities of Grocery Outlet Holding Corp. were 1.66 billion at the end of its most recent quarter ended June 29, and its total debt was $1.37 billion. The value of shareholders’ equity is $98.78 million.
Technical Picture
This quick technical analysis looks at Grocery Outlet Holding Corp.’s (GO) price momentum. With a historical volatility rate of 27.60%, the RSI 9-day stood at 52.35% on 18 August.
With respect to its five-day moving average, the current Grocery Outlet Holding Corp. price is down by -1.86% percent or -$0.64. At present, GO shares trade +1.08% above its 20-day simple moving average and +19.55% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.12% above its SMA50 and -2.52% below its SMA200.
Stochastic coefficient K was 20.56% and Stochastic coefficient D was 23.27%, while ATR was 0.81. Given the Stochastic reading of 23.66% for the 14-day period, the RSI (14) reading has been calculated as 56.55%. As of today, the MACD Oscillator reading stands at -0.32, while the 14-day reading stands at -0.11.
Analyst Ratings
Telsey Advisory Group reiterated its an Outperform rating on Grocery Outlet Holding Corp. (NASDAQ: GO) in a note to investors. The analysts firm has however raised their price target to $40, representing a possible 0.88% increase in the stock price. Grocery Outlet Holding Corp. (GO) has been rated Overweight by analysts. According to 1 brokerage firm, GO is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Grocery Outlet Holding Corp. stock as buy, with 5 recommending it as overweight.
With a median target price of $37.00, the current consensus forecast for the stock is $25.00 – $41.00. Based on these forecasts, analysts predict Grocery Outlet Holding Corp. (GO) will achieve an average price target of $35.92.
