GrowGeneration Corp (NASDAQ: GRWG)’s stock price has plunge by 0.51relation to previous closing price of 1.98. Nevertheless, the company has seen a 5.29% surge in its stock price over the last five trading sessions. marijuanastocks.com reported 2024-09-12 that The US cannabis industry has grown significantly, with projections estimating the market could reach $40 billion by 2025. As more states legalize cannabis, ancillary companies supporting the industry have become critical players. These companies provide essential products and services, such as hydroponic equipment and cultivation supplies. Recent headlines highlight the push for federal legalization as Congress considers new bills aimed at decriminalizing cannabis. Investors are closely watching this space as legalization could open new revenue streams. Given this promising outlook, ancillary cannabis stocks have become attractive for those seeking to capitalize on the industry’s growth.
Is It Worth Investing in GrowGeneration Corp (NASDAQ: GRWG) Right Now?
The stock has a 36-month beta value of 3.11. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for GRWG is 54.34M, and at present, short sellers hold a 7.92% of that float. On September 13, 2024, the average trading volume of GRWG was 542.45K shares.
GRWG’s Market Performance
GRWG’s stock has seen a 5.29% increase for the week, with a 3.11% rise in the past month and a -22.87% fall in the past quarter. The volatility ratio for the week is 4.12%, and the volatility levels for the past 30 days are at 5.30% for GrowGeneration Corp The simple moving average for the last 20 days is -2.95% for GRWG stock, with a simple moving average of -16.30% 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 -8.00% 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 -47.35% of loss for the given period.
Volatility was left at 5.30%, however, over the last 30 days, the volatility rate increased by 4.12%, as shares surge +3.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.29% lower at present.
During the last 5 trading sessions, GRWG rose by +5.29%, which changed the moving average for the period of 200-days by -26.84% in comparison to the 20-day moving average, which settled at $2.0540. In addition, GrowGeneration Corp saw -20.72% 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 ADAMS EULA L, who purchase 25,000 shares at the price of $2.02 back on Aug 27 ’24. After this action, ADAMS EULA L now owns 25,000 shares of GrowGeneration Corp, valued at $50,500 using the latest closing price.
Aiello Stephen, the Director of GrowGeneration Corp, purchase 48,916 shares at $2.03 during a trade that took place back on Aug 15 ’24, which means that Aiello Stephen is holding 494,977 shares at $99,299 based on the most recent closing price.
Stock Fundamentals for GRWG
Current profitability levels for the company are sitting at:
- -0.17 for the present operating margin
- 0.21 for the gross margin
The net margin for GrowGeneration Corp stands at -0.24. The total capital return value is set at -0.18. Equity return is now at value -27.27, with -19.76 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 -0.24. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is -215.25.
Currently, EBITDA for the company is -12.1 million with net debt to EBITDA at -0.8. When we switch over and look at the enterprise to sales, we see a ratio of 0.64. The receivables turnover for the company is 19.67for 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 4.61.
Conclusion
To sum up, GrowGeneration Corp (GRWG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
