The 36-month beta value for GRWG is at 3.08. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GRWG is 56.21M, and currently, shorts hold a 6.59% of that float. The average trading volume for GRWG on June 28, 2024 was 1.06M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
GRWG) stock’s latest price update
GrowGeneration Corp (NASDAQ: GRWG)’s stock price has decreased by -3.17 compared to its previous closing price of 2.21. However, the company has seen a -3.60% decrease in its stock price over the last five trading sessions. marijuanastocks.com reported 2024-06-27 that The cultivation sector is essential to the cannabis industry, driving growth and innovation. Investors are gaining attention from ancillary cannabis stocks, which support cultivation. These companies provide essential products and services, such as hydroponic equipment, nutrients, and lighting solutions. As the cannabis industry continues to expand, the cultivation sector’s role becomes increasingly vital. It ensures that commercial and home growers have the tools to produce high-quality cannabis.
GRWG’s Market Performance
GRWG’s stock has fallen by -3.60% in the past week, with a monthly drop of -14.40% and a quarterly drop of -25.17%. The volatility ratio for the week is 4.85% while the volatility levels for the last 30 days are 4.68% for GrowGeneration Corp The simple moving average for the last 20 days is -12.58% for GRWG stock, with a simple moving average of -13.86% for the last 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 -14.80% 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 -47.29% of loss for the given period.
Volatility was left at 4.68%, however, over the last 30 days, the volatility rate increased by 4.85%, as shares sank -15.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading unchanged at present.
During the last 5 trading sessions, GRWG fell by -3.60%, which changed the moving average for the period of 200-days by -38.15% in comparison to the 20-day moving average, which settled at $2.43. 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:
- -0.16 for the present operating margin
- 0.23 for the gross margin
The net margin for GrowGeneration Corp stands at -0.23. The total capital return value is set at -0.18. Equity return is now at value -26.17, with -19.18 for asset returns.
Based on GrowGeneration Corp (GRWG), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -0.13. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is -60.99.
Currently, EBITDA for the company is -12.1 million with net debt to EBITDA at -0.74. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 26.26for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.83.
Conclusion
In conclusion, GrowGeneration Corp (GRWG) has had a bad performance lately. Opinion on the stock among analysts is mixed, 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.
