The stock of Scotts Miracle-Gro Company (NYSE: SMG) has decreased by -1.26 when compared to last closing price of 68.52. Despite this, the company has experienced a -0.44% fall in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-22 that MARYSVILLE, Ohio, April 22, 2024 (GLOBE NEWSWIRE) — The Scotts Miracle-Gro Company (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, will release its second quarter financial results on Wednesday, May 1, 2024, prior to the opening of the U.S. financial markets. The Company will host a video presentation via webcast at 9:00 a.m. ET to discuss those results. The webcast will be followed by an audio question-and-answer session.
Is It Worth Investing in Scotts Miracle-Gro Company (NYSE: SMG) Right Now?
Moreover, the 36-month beta value for SMG is 1.70. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for SMG is 42.25M and currently, short sellers hold a 10.69% of that float. On April 26, 2024, SMG’s average trading volume was 772.57K shares.
SMG’s Market Performance
The stock of Scotts Miracle-Gro Company (SMG) has seen a -0.44% decrease in the past week, with a -5.52% drop in the past month, and a 17.42% gain in the past quarter. The volatility ratio for the week is 2.63%, and the volatility levels for the past 30 days are at 2.96% for SMG. The simple moving average for the past 20 days is -4.98% for SMG’s stock, with a 14.72% simple moving average for the past 200 days.
Analysts’ Opinion of SMG
Many brokerage firms have already submitted their reports for SMG stocks, with Truist repeating the rating for SMG by listing it as a “Hold.” The predicted price for SMG in the upcoming period, according to Truist is $75 based on the research report published on April 05, 2024 of the current year 2024.
Stifel gave a rating of “Hold” to SMG, setting the target price at $72 in the report published on July 13th of the previous year.
SMG Trading at 0.64% from the 50-Day Moving Average
After a stumble in the market that brought SMG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.20% of loss for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 2.63%, as shares sank -8.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.28% upper at present.
During the last 5 trading sessions, SMG fell by -0.44%, which changed the moving average for the period of 200-days by -6.56% in comparison to the 20-day moving average, which settled at $70.91. In addition, Scotts Miracle-Gro Company saw 6.13% 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 SMG starting from Hagedorn Partnership, L.P., who sale 86,356 shares at the price of $65.41 back on Mar 04 ’24. After this action, Hagedorn Partnership, L.P. now owns 13,777,012 shares of Scotts Miracle-Gro Company, valued at $5,648,846 using the latest closing price.
Hagedorn Partnership, L.P., the 10% Owner of Scotts Miracle-Gro Company, sale 15,000 shares at $58.40 during a trade that took place back on Feb 23 ’24, which means that Hagedorn Partnership, L.P. is holding 13,881,368 shares at $876,000 based on the most recent closing price.
Stock Fundamentals for SMG
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.18 for the gross margin
The net margin for Scotts Miracle-Gro Company stands at -0.12. The total capital return value is set at -0.06. Equity return is now at value -47.64, with -9.60 for asset returns.
Based on Scotts Miracle-Gro Company (SMG), the company’s capital structure generated 1.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at -7.85. The interest coverage ratio of the stock is -1.01.
Currently, EBITDA for the company is 97.8 million with net debt to EBITDA at 246.98. When we switch over and look at the enterprise to sales, we see a ratio of 1.99. The receivables turnover for the company is 11.94for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.20.
Conclusion
To wrap up, the performance of Scotts Miracle-Gro Company (SMG) has been mixed in recent times. The stock has received a mixed of “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.
