As of Friday close, The Scotts Miracle-Gro Company’s (NYSE:SMG) stock was up $0.1, moving up 0.20 percent to $49.99. The average number of shares traded per day over the past five days has been 730,360 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.92 fall in that time frame. In the last twenty days, the average volume was 842,355, while in the previous 50 days, it was 823,096.
Since last month, SMG stock retreated -26.61%. Shares of the company fell to $49.18 on 08/16/23, the lowest level in the past month. A 52-week high of $88.61 was reached on 02/16/23 after having rallying from a 52-week low of $39.06. Since the beginning of this year, SMG’s stock price has risen by 2.88% or $1.40, and marked a new high 15 times. However, the stock has declined by -43.58% since its 52-week high.
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SMG stock investors should be aware that The Scotts Miracle-Gro Company (SMG) stock had its last reported insider trading activity 12 days ago on Aug 07. HAGEDORN JAMES, the Chairman and CEO of the company, disposed of 6,451 shares for $55.43 on Aug 07. It resulted in a $357,558 divestment by the insider. HAGEDORN JAMES sold 48,549 shares at an average price of $56.43 on Aug 04. The insider now owns 131,516 shares following the transaction. On May 12, Chairman and CEO HAGEDORN JAMES sold 25,000 shares at $67.00 apiece. The transaction was valued at $1,674,909.
Valuation Metrics
The stock’s beta is 1.70. Besides these, the trailing price-to-sales (P/S) ratio of 0.78, the price-to-book (PB) ratio of 20.83, and the price-to-cash flow ratio of 6.22 may also be considered.
The latest dividend of $0.66 per share was paid out, remained unchanged from last year’s $0.66. On Monday August 2 2021, a $0.04 dividend increase was announced.
Financial Health
In the three months ended June 29, The Scotts Miracle-Gro Company’s quick ratio stood at 1.00, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 19.50, and the total debt-to-equity ratio was 22.84. On the profitability front, the trailing twelve-month gross margin is 24.40% percent. In the year ended June 29, operating margins totaled 0.50%. Based on annual data, SMG earned $872.9 million in gross profit and brought in $3.92 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 -10.10%. Return on equity (ROE) for the past 12 months was -109.80%.
In The Scotts Miracle-Gro Company’s quarter-end financial report for June 29, it reported total debt of $2.63 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SMG’s revenue fell -3.17% to $1.41 billion during the quarter, while net income inched up to $1.09 billion. While analysts expected The Scotts Miracle-Gro Company to report $1.45 quarterly earnings, the actual figure was $1.17 per share, beating the consensus estimate by -19.30%. During the quarter, the company generated $100.0 million in EBITDA. The liabilities of The Scotts Miracle-Gro Company were 4.32 billion at the end of its most recent quarter ended June 29, and its total debt was $3.37 billion. The value of shareholders’ equity is $56.16 million.
Technical Picture
This quick technical analysis looks at The Scotts Miracle-Gro Company’s (SMG) price momentum. With a historical volatility rate of 16.69%, the RSI 9-day stood at 18.80% on 18 August.
With respect to its five-day moving average, the current The Scotts Miracle-Gro Company price is down by -3.70% percent or -$1.92. At present, SMG shares trade -26.93% below its 20-day simple moving average and -26.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -22.96% below its SMA50 and +8.89% above its SMA200.
Stochastic coefficient K was 3.22% and Stochastic coefficient D was 3.91%, while ATR was 2.25. Given the Stochastic reading of 3.51% for the 14-day period, the RSI (14) reading has been calculated as 25.59%. As of today, the MACD Oscillator reading stands at -1.43, while the 14-day reading stands at -4.24.
Analyst Ratings
The Scotts Miracle-Gro Company downgraded its rating on The Scotts Miracle-Gro Company (NYSE: SMG) to a Hold in a note to investors on July 13, 2023. The analysts firm previously had a Buy rating on the stock.The Scotts Miracle-Gro Company (SMG) has been rated Overweight by analysts. According to 0 brokerage firms, SMG is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate The Scotts Miracle-Gro Company stock as buy, with 6 recommending it as overweight.
With a median target price of $70.00, the current consensus forecast for the stock is $55.00 – $75.00. Based on these forecasts, analysts predict The Scotts Miracle-Gro Company (SMG) will achieve an average price target of $67.75.
