The stock price of GrowGeneration Corp (NASDAQ: GRWG) has surged by 11.84 when compared to previous closing price of 2.45, but the company has seen a 45.74% gain in its stock price over the last five trading sessions. MarijuanaStocks reported 2023-11-18 that In 2023, the cannabis sector is a hot topic in the stock market. Top marijuana stocks are drawing attention from investors worldwide. This sector’s growth is driven by increasing legalization and demand for cannabis products. In general, notable companies are emerging as leaders in this industry. Investors are keen to identify the best cannabis stocks for potential high returns.

Is It Worth Investing in GrowGeneration Corp (NASDAQ: GRWG) Right Now?

, and the 36-month beta value for GRWG is at 3.04. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”

The average price suggested by analysts for GRWG is $4.37, which is $1.63 above the current market price. The public float for GRWG is 57.01M, and currently, shorts hold a 6.13% of that float. The average trading volume for GRWG on November 20, 2023 was 920.91K shares.

GRWG’s Market Performance

GRWG’s stock has seen a 45.74% increase for the week, with a 22.87% rise in the past month and a 0.00% fall in the past quarter. The volatility ratio for the week is 9.14%, and the volatility levels for the past 30 days are at 7.52% for GrowGeneration Corp The simple moving average for the past 20 days is 31.29% for GRWG’s stock, with a -18.84% simple moving average for the past 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 5.03% 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 -68.25% of loss for the given period.

Volatility was left at 7.52%, however, over the last 30 days, the volatility rate increased by 9.14%, as shares surge +25.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.58% lower at present.

During the last 5 trading sessions, GRWG rose by +45.74%, which changed the moving average for the period of 200-days by -51.16% in comparison to the 20-day moving average, which settled at $2.12. In addition, GrowGeneration Corp saw -30.10% 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 Salaman Michael, who purchase 302,766 shares at the price of $2.35 back on Nov 15. After this action, Salaman Michael now owns 1,240,075 shares of GrowGeneration Corp, valued at $710,138 using the latest closing price.

Lampert Darren, the CEO of GrowGeneration Corp, purchase 21,000 shares at $2.36 during a trade that took place back on Nov 15, which means that Lampert Darren is holding 1,333,120 shares at $49,638 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 0.63, 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 conclusion, GrowGeneration Corp (GRWG) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.