Scotts Miracle-Gro Company (NYSE: SMG)’s stock price has dropped by -0.64 in relation to previous closing price of 87.11. Nevertheless, the company has seen a gain of 3.65% in its stock price over the last five trading days. zacks.com reported 2024-10-02 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Is It Worth Investing in Scotts Miracle-Gro Company (NYSE: SMG) Right Now?
The 36-month beta value for SMG is at 1.75. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for SMG is 42.73M, and currently, shorts hold a 12.27% of that float. The average trading volume for SMG on October 04, 2024 was 819.96K shares.
SMG’s Market Performance
SMG stock saw an increase of 3.65% in the past week, with a monthly gain of 23.86% and a quarterly increase of 38.02%. The volatility ratio for the week is 2.39%, and the volatility levels for the last 30 days are 2.81% for Scotts Miracle-Gro Company (SMG). The simple moving average for the last 20 days is 14.89% for SMG’s stock, with a simple moving average of 29.17% 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 18.96% 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 -2.04% of loss for the given period.
Volatility was left at 2.81%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares surge +25.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.88% upper at present.
During the last 5 trading sessions, SMG rose by +3.65%, which changed the moving average for the period of 200-days by +42.28% in comparison to the 20-day moving average, which settled at $76.22. In addition, Scotts Miracle-Gro Company saw 35.76% 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.
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 2.12. 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
In conclusion, Scotts Miracle-Gro Company (SMG) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
