SMG has 36-month beta value of 1.74. Analysts have mixed views 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 42.73M, and currently, short sellers hold a 12.27% ratio of that float. The average trading volume of SMG on September 27, 2024 was 833.64K shares.
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SMG) stock’s latest price update
Scotts Miracle-Gro Company (NYSE: SMG) has seen a rise in its stock price by 3.29 in relation to its previous close of 80.84. However, the company has experienced a 12.01% gain in its stock price over the last five trading sessions. marijuanastocks.com reported 2024-09-24 that The US cannabis industry is growing at a rapid pace, with sales expected to reach $52 billion by 2026. As more states move toward legalization, ancillary companies that provide essential products and services are also gaining traction. These companies, which do not directly handle cannabis but support its production, are vital to the industry’s expansion. Recently, headlines have focused on discussions around federal legalization, sparking optimism for future growth. Investors looking to capitalize on this momentum should watch ancillary cannabis stocks, which often experience less regulatory risk than direct cannabis producers.
SMG’s Market Performance
Scotts Miracle-Gro Company (SMG) has seen a 12.01% rise in stock performance for the week, with a 17.46% gain in the past month and a 24.91% surge in the past quarter. The volatility ratio for the week is 3.39%, and the volatility levels for the past 30 days are at 2.81% for SMG. The simple moving average for the last 20 days is 16.76% for SMG stock, with a simple moving average of 25.85% 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 17.67% 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 able to rebound, for now settling with 1.69% of gains for the given period.
Volatility was left at 2.81%, however, over the last 30 days, the volatility rate increased by 3.39%, as shares surge +18.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.18% upper at present.
During the last 5 trading sessions, SMG rose by +12.01%, which changed the moving average for the period of 200-days by +37.79% in comparison to the 20-day moving average, which settled at $72.16. In addition, Scotts Miracle-Gro Company saw 30.98% 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 2.07. 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 put it simply, Scotts Miracle-Gro Company (SMG) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
