GrowGeneration Corp (NASDAQ: GRWG)’s stock price has gone rise by 7.27 in comparison to its previous close of 2.20, however, the company has experienced a 16.26% increase in its stock price over the last five trading days. MarijuanaStocks reported 2023-11-14 that The cannabis industry continues to flourish, driven by legalization and increasing acceptance. As we approach the close of 2023, investors are eyeing ancillary marijuana stocks, particularly those supporting US cannabis cultivation.
Is It Worth Investing in GrowGeneration Corp (NASDAQ: GRWG) Right Now?
while the 36-month beta value is 3.00.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for GrowGeneration Corp (GRWG) is $4.37, which is $2.01 above the current market price. The public float for GRWG is 58.01M, and currently, short sellers hold a 6.02% ratio of that floaft. The average trading volume of GRWG on November 16, 2023 was 899.96K shares.
GRWG’s Market Performance
GRWG stock saw a decrease of 16.26% in the past week, with a monthly decline of -10.27% and a quarterly a decrease of -13.55%. The volatility ratio for the week is 8.76%, and the volatility levels for the last 30 days are 7.34% for GrowGeneration Corp (GRWG). The simple moving average for the last 20 days is 13.67% for GRWG’s stock, with a simple moving average of -30.71% for the last 200 days.
Analysts’ Opinion of GRWG
Many brokerage firms have already submitted their reports for GRWG stocks, with Craig Hallum repeating the rating for GRWG by listing it as a “Buy.” The predicted price for GRWG in the upcoming period, according to Craig Hallum is $4.75 based on the research report published on May 10, 2023 of the current year 2023.
GRWG Trading at -10.66% from the 50-Day Moving Average
After a stumble in the market that brought GRWG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -72.65% of loss for the given period.
Volatility was left at 7.34%, however, over the last 30 days, the volatility rate increased by 8.76%, as shares sank -0.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.48% lower at present.
During the last 5 trading sessions, GRWG rose by +16.26%, which changed the moving average for the period of 200-days by -54.26% in comparison to the 20-day moving average, which settled at $2.08. In addition, GrowGeneration Corp saw -39.80% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GRWG starting from Lampert Darren, who purchase 21,000 shares at the price of $2.36 back on Nov 15. After this action, Lampert Darren now owns 1,333,120 shares of GrowGeneration Corp, valued at $49,638 using the latest closing price.
Lampert Darren, the CEO of GrowGeneration Corp, purchase 175,000 shares at $2.11 during a trade that took place back on Nov 14, which means that Lampert Darren is holding 1,312,120 shares at $368,830 based on the most recent closing price.
Stock Fundamentals for GRWG
Current profitability levels for the company are sitting at:
- -14.40 for the present operating margin
- +19.10 for the gross margin
The net margin for GrowGeneration Corp stands at -58.87. The total capital return value is set at -11.74, while invested capital returns managed to touch -49.10. Equity return is now at value -15.87, with -11.70 for asset returns.
Based on GrowGeneration Corp (GRWG), the company’s capital structure generated 22.57 points at debt to equity in total, while total debt to capital is 18.41. Total debt to assets is 16.64, with long-term debt to equity ratio resting at 18.79. Finally, the long-term debt to capital ratio is 15.33.
When we switch over and look at the enterprise to sales, we see a ratio of 0.48, with the company’s debt to enterprise value settled at 0.23. The receivables turnover for the company is 19.01 and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.77.
Conclusion
In a nutshell, GrowGeneration Corp (GRWG) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
