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.”
The public float for SMG is 42.62M and currently, short sellers hold a 13.63% of that float. On September 02, 2024, SMG’s average trading volume was 945.24K shares.
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SMG) stock’s latest price update
Scotts Miracle-Gro Company (NYSE: SMG) has seen a decline in its stock price by -0.07 in relation to its previous close of 71.03. However, the company has experienced a -1.11% decline in its stock price over the last five trading sessions. marijuanastocks.com reported 2024-08-28 that Marijuana stocks are caught once again in a downward trend due to more industry hold-ups. In recent news, the DEA who not long ago was on board and on track to reschedule cannabis has now put that action on pause. What a surprise! This is not an unfamiliar occurrence for the cannabis industry, especially during an election year. During this time candidates are focused on winning votes and meeting the needs of those voters.
SMG’s Market Performance
SMG’s stock has fallen by -1.11% in the past week, with a monthly drop of -5.64% and a quarterly rise of 1.85%. The volatility ratio for the week is 2.46% while the volatility levels for the last 30 days are 3.23% for Scotts Miracle-Gro Company The simple moving average for the last 20 days is -0.01% for SMG stock, with a simple moving average of 9.15% for the last 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 3.89% 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 -13.55% of loss for the given period.
Volatility was left at 3.23%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares sank -0.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.25% upper at present.
During the last 5 trading sessions, SMG fell by -1.11%, which changed the moving average for the period of 200-days by +41.99% in comparison to the 20-day moving average, which settled at $70.95. In addition, Scotts Miracle-Gro Company saw 11.34% 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 Baxter Nathan Eric, who sale 2,988 shares at the price of $70.93 back on Aug 21 ’24. After this action, Baxter Nathan Eric now owns 37,920 shares of Scotts Miracle-Gro Company, valued at $211,931 using the latest closing price.
Baxter Nathan Eric, the EVP and COO of Scotts Miracle-Gro Company, sale 928 shares at $70.57 during a trade that took place back on Aug 22 ’24, which means that Baxter Nathan Eric is holding 36,993 shares at $65,490 based on the most recent closing price.
Stock Fundamentals for SMG
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.25 for the gross margin
The net margin for Scotts Miracle-Gro Company stands at -0.07. The total capital return value is set at 0.04. Equity return is now at value -47.64, with -6.53 for asset returns.
Based on Scotts Miracle-Gro Company (SMG), the company’s capital structure generated 1.06 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at -17.42. The interest coverage ratio of the stock is 0.63.
Currently, EBITDA for the company is 97.8 million with net debt to EBITDA at 7.53. When we switch over and look at the enterprise to sales, we see a ratio of 1.86. The receivables turnover for the company is 6.96for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.
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.
