The stock of Grocery Outlet Holding Corp (GO) has gone down by -2.31% for the week, with a 9.91% rise in the past month and a 2.08% rise in the past quarter. The volatility ratio for the week is 4.92%, and the volatility levels for the past 30 days are 5.55% for GO. The simple moving average for the past 20 days is 10.87% for GO’s stock, with a -13.13% simple moving average for the past 200 days.
Is It Worth Investing in Grocery Outlet Holding Corp (NASDAQ: GO) Right Now?
Grocery Outlet Holding Corp (NASDAQ: GO) has a price-to-earnings ratio of 36.32x that is above its average ratio. Additionally, the 36-month beta value for GO is 0.16. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 11 rating it as “hold,” and 2 rating it as “sell.”
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The public float for GO is 92.71M and currently, short sellers hold a 12.58% ratio of that float. The average trading volume of GO on November 20, 2024 was 2.11M shares.
GO) stock’s latest price update
Grocery Outlet Holding Corp (NASDAQ: GO)’s stock price has plunge by 4.31relation to previous closing price of 17.86. Nevertheless, the company has seen a -2.31% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-07 that I maintain a sell rating for Grocery Outlet Holding stock due to persistent poor same-store sales and gross margin outlook. 3Q24 earnings show further SSS deceleration and worsening unit economics, with declining margins across the board. Despite a sharp valuation derating, significant uncertainties and competitive pressures suggest the stock will, at best, trade sideways.
Analysts’ Opinion of GO
Many brokerage firms have already submitted their reports for GO stocks, with TD Cowen repeating the rating for GO by listing it as a “Hold.” The predicted price for GO in the upcoming period, according to TD Cowen is $16 based on the research report published on November 06, 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 $19, previously predicting the price at $27. The rating they have provided for GO stocks is “Market Perform” according to the report published on October 30th, 2024.
BofA Securities gave a rating of “Neutral” to GO, setting the target price at $17 in the report published on October 30th of the current year.
GO Trading at 11.72% 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 -37.48% of loss for the given period.
Volatility was left at 5.55%, however, over the last 30 days, the volatility rate increased by 4.92%, as shares surge +11.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.29% upper at present.
During the last 5 trading sessions, GO fell by -2.31%, which changed the moving average for the period of 200-days by -22.05% in comparison to the 20-day moving average, which settled at $16.80. In addition, Grocery Outlet Holding Corp saw -30.90% 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 Ragatz Erik D., who purchase 110,000 shares at the price of $18.25 back on Nov 15 ’24. After this action, Ragatz Erik D. now owns 539,785 shares of Grocery Outlet Holding Corp, valued at $2,007,500 using the latest closing price.
Sheedy Robert Joseph Jr., the Former Officer and Director of Grocery Outlet Holding Corp, proposed sale 11,537 shares at $19.26 during a trade that took place back on Nov 13 ’24, which means that Sheedy Robert Joseph Jr. is holding shares at $222,207 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 4.22, with 1.69 for asset returns.
Based on Grocery Outlet Holding Corp (GO), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 3.77.
Currently, EBITDA for the company is 213.76 million with net debt to EBITDA at 9.36. When we switch over and look at the enterprise to sales, we see a ratio of 0.78. The receivables turnover for the company is 314.9for trailing twelve months and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
Conclusion
In conclusion, Grocery Outlet Holding Corp (GO) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
