Grocery Outlet Holding Corp (GO) Shares Plummet Below 1-Year High

Grocery Outlet Holding Corp (NASDAQ: GO) has seen a decline in its stock price by -2.90 in relation to its previous close of 28.67. However, the company has experienced a 0.51% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that Grocery Outlet (GO) finds its unique place by creating an innovative business model tailored to meet the ever-changing needs of consumers and adapt to shifting economic landscapes.

Is It Worth Investing in Grocery Outlet Holding Corp (NASDAQ: GO) Right Now?

The price-to-earnings ratio for Grocery Outlet Holding Corp (NASDAQ: GO) is above average at 35.34x, Company’s 36-month beta value is 0.10.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for GO is 95.24M, and currently, short sellers hold a 6.76% ratio of that floaft. The average trading volume of GO on April 03, 2024 was 1.26M shares.

GO’s Market Performance

The stock of Grocery Outlet Holding Corp (GO) has seen a 0.51% increase in the past week, with a 5.53% rise in the past month, and a 3.26% gain in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.73% for GO. The simple moving average for the past 20 days is 1.72% for GO’s stock, with a -3.28% simple moving average for the past 200 days.

Analysts’ Opinion of GO

Many brokerage firms have already submitted their reports for GO stocks, with Craig Hallum repeating the rating for GO by listing it as a “Buy.” The predicted price for GO in the upcoming period, according to Craig Hallum is $36 based on the research report published on February 28, 2024 of the current year 2024.

Telsey Advisory Group, on the other hand, stated in their research note that they expect to see GO reach a price target of $37, previously predicting the price at $40. The rating they have provided for GO stocks is “Outperform” according to the report published on February 28th, 2024.

Goldman gave a rating of “Sell” to GO, setting the target price at $24 in the report published on December 12th of the previous year.

GO Trading at 5.94% from the 50-Day Moving Average

After a stumble in the market that brought GO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.81% of loss for the given period.

Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares surge +6.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.49% upper at present.

During the last 5 trading sessions, GO rose by +0.51%, which changed the moving average for the period of 200-days by -4.98% in comparison to the 20-day moving average, which settled at $27.45. In addition, Grocery Outlet Holding Corp saw 3.26% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at GO starting from Herman Thomas F, who sale 1,000 shares at the price of $29.00 back on Mar 27 ’24. After this action, Herman Thomas F now owns 10,400 shares of Grocery Outlet Holding Corp, valued at $29,000 using the latest closing price.

Ragatz Erik D., the Director of Grocery Outlet Holding Corp, purchase 36,500 shares at $28.25 during a trade that took place back on Mar 22 ’24, which means that Ragatz Erik D. is holding 36,500 shares at $1,031,016 based on the most recent closing price.

Stock Fundamentals for GO

Current profitability levels for the company are sitting at:

  • 0.03 for the present operating margin
  • 0.31 for the gross margin

The net margin for Grocery Outlet Holding Corp stands at 0.02. The total capital return value is set at 0.04. Equity return is now at value 6.82, with 2.45 for asset returns.

Based on Grocery Outlet Holding Corp (GO), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.85. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 6.64.

Currently, EBITDA for the company is 214.22 million with net debt to EBITDA at 5.99. When we switch over and look at the enterprise to sales, we see a ratio of 1.02. The receivables turnover for the company is 207.52for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.

Conclusion

In a nutshell, Grocery Outlet Holding Corp (GO) has experienced a better 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.

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