In the past week, GRWG stock has gone up by 9.39%, with a monthly gain of 3.88% and a quarterly surge of 19.64%. The volatility ratio for the week is 6.62%, and the volatility levels for the last 30 days are 9.37% for GrowGeneration Corp The simple moving average for the last 20 days is 10.90% for GRWG stock, with a simple moving average of 3.16% for the last 200 days.
Is It Worth Investing in GrowGeneration Corp (NASDAQ: GRWG) Right Now?
GRWG has 36-month beta value of 3.12. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GRWG is 57.15M, and currently, short sellers hold a 7.39% ratio of that float. The average trading volume of GRWG on May 09, 2024 was 1.37M shares.
GRWG) stock’s latest price update
GrowGeneration Corp (NASDAQ: GRWG) has seen a decline in its stock price by -2.90 in relation to its previous close of 2.76. However, the company has experienced a 9.39% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that GrowGeneration (GRWG) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.10 per share a year ago.
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 12.49% 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 -46.40% of loss for the given period.
Volatility was left at 9.37%, however, over the last 30 days, the volatility rate increased by 6.62%, as shares surge +7.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.65% upper at present.
During the last 5 trading sessions, GRWG rose by +9.39%, which changed the moving average for the period of 200-days by -24.93% in comparison to the 20-day moving average, which settled at $2.43. In addition, GrowGeneration Corp saw 6.77% 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 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 0.79. 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
To put it simply, GrowGeneration Corp (GRWG) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
