Grocery Outlet Holding Corp (NASDAQ: GO)’s stock price has plunge by -1.36relation to previous closing price of 16.95. Nevertheless, the company has seen a 1.64% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-22 that EMERYVILLE, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) — Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the third quarter of fiscal 2024 will be released after the market close on Tuesday, November 5, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results.
Is It Worth Investing in Grocery Outlet Holding Corp (NASDAQ: GO) Right Now?
The price-to-earnings ratio for Grocery Outlet Holding Corp (NASDAQ: GO) is above average at 31.11x, Company’s 36-month beta value is 0.10.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 2 as “sell.”
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The public float for GO is 93.82M, and currently, short sellers hold a 9.80% ratio of that floaft. The average trading volume of GO on October 23, 2024 was 2.05M shares.
GO’s Market Performance
GO stock saw an increase of 1.64% in the past week, with a monthly gain of 2.70% and a quarterly increase of -11.30%. The volatility ratio for the week is 3.05%, and the volatility levels for the last 30 days are 3.49% for Grocery Outlet Holding Corp (GO). The simple moving average for the past 20 days is 0.26% for GO’s stock, with a -25.17% simple moving average for the past 200 days.
Analysts’ Opinion of GO
Many brokerage firms have already submitted their reports for GO stocks, with Loop Capital repeating the rating for GO by listing it as a “Hold.” The predicted price for GO in the upcoming period, according to Loop Capital is $17 based on the research report published on October 17, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see GO reach a price target of $27, previously predicting the price at $31. The rating they have provided for GO stocks is “Outperform” according to the report published on August 07th, 2024.
Craig Hallum gave a rating of “Hold” to GO, setting the target price at $20 in the report published on July 31st of the current year.
GO Trading at -3.06% 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 -44.23% of loss for the given period.
Volatility was left at 3.49%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares surge +2.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.37% lower at present.
During the last 5 trading sessions, GO rose by +1.64%, which changed the moving average for the period of 200-days by -36.91% in comparison to the 20-day moving average, which settled at $16.68. In addition, Grocery Outlet Holding Corp saw -37.98% 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 200,095 shares at the price of $16.29 back on Sep 19 ’24. After this action, Lindberg Eric J. Jr. now owns 70,938 shares of Grocery Outlet Holding Corp, valued at $3,259,548 using the latest closing price.
Lindberg Eric J. Jr., the Director of Grocery Outlet Holding Corp, proposed sale 200,095 shares at $16.29 during a trade that took place back on Sep 19 ’24, which means that Lindberg Eric J. Jr. is holding shares at $3,258,586 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 a nutshell, Grocery Outlet Holding Corp (GO) has experienced a mixed performance in recent times. The stock has received mixed “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.
