At the last check on Friday, urban-gro Inc.’s (NASDAQ:UGRO) stock was up $0.21, moving up 21.00 percent to $1.21. The average number of shares traded per day over the past five days has been 292,664 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0700 gain in that time frame. In the last twenty days, the average volume was 100,301, while in the previous 50 days, it was 151,304.
Since last month, UGRO stock rose 0.83%. Shares of the company fell to $0.9988 on 08/31/23, the lowest level in the past month. A 52-week high of $5.04 was reached on 02/03/23 after having rallying from a 52-week low of $1.00. Since the beginning of this year, UGRO’s stock price has dropped by -55.51% or -$1.5400, and marked a new high 8 times. However, the stock has declined by -75.99% since its 52-week high.
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UGRO stock investors should be aware that urban-gro Inc. (UGRO) stock had its last reported insider trading activity 2 days ago on Aug 30. WILKS LEWIS, the Director of the company, purchased of 10,000 shares for $1.03 on Aug 30. It resulted in a $10,300 investment by the insider. WILKS LEWIS added 10,000 shares at an average price of $1.40 on Jun 12. The insider now owns 116,306 shares following the transaction. On Jun 09, Chief Executive Officer Nattrass Bradley John bought 28,416 shares at $1.25 apiece. The transaction was valued at $35,449.
Valuation Metrics
The stock’s beta is 2.49. Besides these, the trailing price-to-sales (P/S) ratio of 0.21, the price-to-book (PB) ratio of 0.43.
Financial Health
In the three months ended June 29, urban-gro Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 17.60% percent. In the year ended June 29, operating margins totaled -23.30%. Based on annual data, UGRO earned $14.21 million in gross profit and brought in $67.03 million 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 -38.90%. Return on equity (ROE) for the past 12 months was -41.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. UGRO’s revenue rose 8.9% to $16.77 million during the quarter, while net income inched up to $17.87 million. While analysts expected urban-gro Inc. to report -$0.28 quarterly earnings, the actual figure was -$0.5 per share, beating the consensus estimate by -78.60%. During the quarter, the company generated -$3.46 million in EBITDA. The liabilities of urban-gro Inc. were 34.56 million at the end of its most recent quarter ended June 29, and its total debt was $4.38 million. The value of shareholders’ equity is $11.67 million.
Technical Picture
This quick technical analysis looks at urban-gro Inc.’s (UGRO) price momentum. With a historical volatility rate of 93.56%, the RSI 9-day stood at 58.27% on 31 August.
With respect to its five-day moving average, the current urban-gro Inc. price is up by +6.31% percent or $0.0700. At present, UGRO shares trade -5.60% below its 20-day simple moving average and -31.40% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.23% below its SMA50 and -71.22% below its SMA200.
Stochastic coefficient K was 16.02% and Stochastic coefficient D was 9.26%, while ATR was 0.1424. Given the Stochastic reading of 44.07% for the 14-day period, the RSI (14) reading has been calculated as 51.02%. As of today, the MACD Oscillator reading stands at -0.0128, while the 14-day reading stands at -0.0297.
Analyst Ratings
Maxim Group launched its rating on urban-gro Inc. (NASDAQ: UGRO) to a Buy in a note to investors on March 21, 2022. urban-gro Inc. (UGRO) has been rated Buy by analysts. According to 0 brokerage firms, UGRO is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate urban-gro Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $6.40, the current consensus forecast for the stock is $4.00 – $11.00. Based on these forecasts, analysts predict urban-gro Inc. (UGRO) will achieve an average price target of $7.08.
