The price-to-earnings ratio for Grocery Outlet Holding Corp (NASDAQ: GO) is above average at 30.68x. The 36-month beta value for GO is also noteworthy at 0.13. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 2 rating it as “sell.”
The public float for GO is 93.90M, and at present, short sellers hold a 11.08% of that float. The average trading volume of GO on September 12, 2024 was 2.17M shares.
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GO) stock’s latest price update
The stock price of Grocery Outlet Holding Corp (NASDAQ: GO) has plunged by -1.49 when compared to previous closing price of 16.74, but the company has seen a -8.54% decline in its stock price over the last five trading sessions. fool.com reported 2024-09-11 that Stocks trading near multiyear lows tend to be high-risk, high-reward investments. Investors should be careful not to assume that a falling stock can’t fall further in value.
GO’s Market Performance
Grocery Outlet Holding Corp (GO) has seen a -8.54% fall in stock performance for the week, with a -13.57% decline in the past month and a -19.68% plunge in the past quarter. The volatility ratio for the week is 3.95%, and the volatility levels for the past 30 days are at 3.84% for GO. The simple moving average for the past 20 days is -9.57% for GO’s stock, with a -31.52% simple moving average for the past 200 days.
Analysts’ Opinion of GO
Many brokerage firms have already submitted their reports for GO stocks, with Telsey Advisory Group repeating the rating for GO by listing it as a “Outperform.” The predicted price for GO in the upcoming period, according to Telsey Advisory Group is $27 based on the research report published on August 07, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see GO reach a price target of $20. The rating they have provided for GO stocks is “Hold” according to the report published on July 31st, 2024.
Wells Fargo gave a rating of “Overweight” to GO, setting the target price at $28 in the report published on July 18th of the current year.
GO Trading at -15.73% from the 50-Day Moving Average
After a stumble in the market that brought GO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.32% of loss for the given period.
Volatility was left at 3.84%, however, over the last 30 days, the volatility rate increased by 3.95%, as shares sank -14.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.22% lower at present.
During the last 5 trading sessions, GO fell by -8.54%, which changed the moving average for the period of 200-days by -42.78% in comparison to the 20-day moving average, which settled at $18.10. In addition, Grocery Outlet Holding Corp saw -38.84% 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 GO starting from Lindberg Eric J. Jr., who sale 100,000 shares at the price of $18.62 back on Aug 20 ’24. After this action, Lindberg Eric J. Jr. now owns 70,938 shares of Grocery Outlet Holding Corp, valued at $1,862,000 using the latest closing price.
Lindberg Eric J. Jr., the Director of Grocery Outlet Holding Corp, sale 100,000 shares at $18.44 during a trade that took place back on Aug 21 ’24, which means that Lindberg Eric J. Jr. is holding 70,938 shares at $1,844,000 based on the most recent closing price.
Stock Fundamentals for GO
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.3 for the gross margin
The net margin for Grocery Outlet Holding Corp stands at 0.01. The total capital return value is set at 0.03. Equity return is now at value 4.55, with 1.84 for asset returns.
Based on Grocery Outlet Holding Corp (GO), the company’s capital structure generated 0.27 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 0.37. The interest coverage ratio of the stock is 4.04.
Currently, EBITDA for the company is 214.22 million with net debt to EBITDA at 8.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 250.09for trailing twelve months and the total asset turnover is 1.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
In summary, Grocery Outlet Holding Corp (GO) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
