As of Wednesday close, The Scotts Miracle-Gro Company’s (NYSE:SMG) stock was up $3.27, moving up 6.14 percent to $56.50. The average number of shares traded per day over the past five days has been 616,220 shares. 5 times new highs have been achieved over the past 5 days, with a $5.19 gain in that time frame. In the last twenty days, the average volume was 716,790, while in the previous 50 days, it was 758,796.
Since last month, SMG stock retreated -20.91%. Shares of the company fell to $49.14 on 08/21/23, 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 16.28% or $7.91, and marked a new high 15 times. However, the stock has declined by -36.24% 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 10 days ago on Aug 21. Hagedorn Partnership, L.P., the 10% Owner of the company, disposed of 23,685 shares for $49.64 on Aug 21. It resulted in a $1,175,723 divestment by the insider. Hagedorn Partnership, L.P. sold 47,795 shares at an average price of $49.86 on Aug 18. The insider now owns 13,993,980 shares following the transaction. On Aug 07, Chairman and CEO HAGEDORN JAMES sold 6,451 shares at $55.43 apiece. The transaction was valued at $357,558.
Valuation Metrics
The stock’s beta is 1.67. Besides these, the trailing price-to-sales (P/S) ratio of 0.86, the price-to-book (PB) ratio of 23.54, and the price-to-cash flow ratio of 6.90 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, EBITDA margin amounted to 12.89%, whereas 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 26.11%, the RSI 9-day stood at 66.63% on 30 August.
With respect to its five-day moving average, the current The Scotts Miracle-Gro Company price is up by +10.11% percent or $5.19. At present, SMG shares trade -2.35% below its 20-day simple moving average and -20.91% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.76% below its SMA50 and -5.90% below its SMA200.
Stochastic coefficient K was 88.47% and Stochastic coefficient D was 71.98%, while ATR was 2.09. Given the Stochastic reading of 96.46% for the 14-day period, the RSI (14) reading has been calculated as 53.44%. As of today, the MACD Oscillator reading stands at 2.25, while the 14-day reading stands at 2.63.
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 $67.50, 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 $66.50.
