The stock of Scotts Miracle-Gro Company (SMG) has seen a 5.20% increase in the past week, with a 4.29% gain in the past month, and a -0.78% decrease in the past quarter. The volatility ratio for the week is 4.30%, and the volatility levels for the past 30 days are at 3.25% for SMG. The simple moving average for the past 20 days is 4.26% for SMG’s stock, with a 9.11% simple moving average for the past 200 days.
Is It Worth Investing in Scotts Miracle-Gro Company (NYSE: SMG) Right Now?
Moreover, the 36-month beta value for SMG is 1.75. 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.”
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The public float for SMG is 42.40M and currently, short sellers hold a 14.76% of that float. On July 19, 2024, SMG’s average trading volume was 903.54K shares.
SMG) stock’s latest price update
Scotts Miracle-Gro Company (NYSE: SMG)’s stock price has dropped by -0.10 in relation to previous closing price of 67.24. Nevertheless, the company has seen a gain of 5.20% in its stock price over the last five trading days. accesswire.com reported 2024-07-18 that NEW YORK, NY / ACCESSWIRE / July 18, 2024 / If you suffered a loss on your The Scotts Miracle-Gro Company (NYSE:SMG) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/the-scotts-miracle-gro-company-lawsuit-submission-form?prid=91328&wire=1 or contact Joseph E. Levi, Esq.
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 1.39% 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 -13.83% of loss for the given period.
Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 4.30%, as shares surge +4.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.96% lower at present.
During the last 5 trading sessions, SMG rose by +5.20%, which changed the moving average for the period of 200-days by +29.97% in comparison to the 20-day moving average, which settled at $64.56. In addition, Scotts Miracle-Gro Company saw 5.36% 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 52,644 shares at the price of $67.05 back on May 08 ’24. After this action, Hagedorn Partnership, L.P. now owns 13,693,368 shares of Scotts Miracle-Gro Company, valued at $3,529,849 using the latest closing price.
Hagedorn Partnership, L.P., the Director of Scotts Miracle-Gro Company, sale 31,000 shares at $69.67 during a trade that took place back on May 07 ’24, which means that Hagedorn Partnership, L.P. is holding 13,746,012 shares at $2,159,829 based on the most recent closing price.
Stock Fundamentals for SMG
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.22 for the gross margin
The net margin for Scotts Miracle-Gro Company stands at -0.1. The total capital return value is set at -0.01. Equity return is now at value -47.64, with -7.80 for asset returns.
Based on Scotts Miracle-Gro Company (SMG), the company’s capital structure generated 1.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at -11.47. The interest coverage ratio of the stock is -0.13.
Currently, EBITDA for the company is 97.8 million with net debt to EBITDA at 15.89. When we switch over and look at the enterprise to sales, we see a ratio of 2.0. The receivables turnover for the company is 3.91for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
Conclusion
To wrap up, the performance of Scotts Miracle-Gro Company (SMG) has been better 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.
