The 36-month beta value for GRWG is also noteworthy at 3.07. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GRWG is 57.15M, and at present, short sellers hold a 7.62% of that float. The average trading volume of GRWG on April 18, 2024 was 1.16M shares.
GRWG) stock’s latest price update
GrowGeneration Corp (NASDAQ: GRWG)’s stock price has decreased by -4.04 compared to its previous closing price of 2.23. However, the company has seen a -14.06% decrease in its stock price over the last five trading sessions. MarijuanaStocks reported 2024-04-15 that Marijuana stocks could be in a good position if certain variables play out. Right now there is a lot of politics surrounding the cannabis industry. Often when there are matters concerning cannabis and politics it can impact how people invest and how marijuana stocks trade. Now this is all dependent on the information and how impactful it is. Currently, we are in an election year and campaign promises could help how marijuana stocks trade.
GRWG’s Market Performance
GRWG’s stock has fallen by -14.06% in the past week, with a monthly rise of 7.00% and a quarterly drop of -14.74%. The volatility ratio for the week is 7.80% while the volatility levels for the last 30 days are 11.34% for GrowGeneration Corp The simple moving average for the past 20 days is -16.59% for GRWG’s stock, with a -20.26% simple moving average for the past 200 days.
Analysts’ Opinion of GRWG
Craig Hallum, on the other hand, stated in their research note that they expect to see GRWG reach a price target of $4.75, previously predicting the price at $4.25. The rating they have provided for GRWG stocks is “Buy” according to the report published on May 10th, 2023.
Alliance Global Partners gave a rating of “Neutral” to GRWG, setting the target price at $4.50 in the report published on August 05th of the previous year.
GRWG Trading at -7.59% 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 -57.20% of loss for the given period.
Volatility was left at 11.34%, however, over the last 30 days, the volatility rate increased by 7.80%, as shares surge +8.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.04% lower at present.
During the last 5 trading sessions, GRWG fell by -14.06%, which changed the moving average for the period of 200-days by -37.06% in comparison to the 20-day moving average, which settled at $2.57. In addition, GrowGeneration Corp saw -14.74% 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 ’23. 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 ’23, 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:
- -0.15 for the present operating margin
- 0.25 for the gross margin
The net margin for GrowGeneration Corp stands at -0.2. The total capital return value is set at -0.13. Equity return is now at value -23.86, with -15.70 for asset returns.
Based on GrowGeneration Corp (GRWG), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is -66.18.
Currently, EBITDA for the company is -12.1 million with net debt to EBITDA at -0.92. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 24.85for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.77.
Conclusion
In summary, GrowGeneration Corp (GRWG) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
