Grocery Outlet Holding Corp (NASDAQ: GO) has a higher price-to-earnings ratio of 41.25x compared to its average ratio. GO has 36-month beta value of 0.23. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 11 as “hold,” and 2 as “sell.”
The public float for GO is 92.70M, and currently, short sellers hold a 12.58% ratio of that float. The average trading volume of GO on November 27, 2024 was 2.15M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
GO) stock’s latest price update
Grocery Outlet Holding Corp (NASDAQ: GO) has experienced a rise in its stock price by 1.34 compared to its previous closing price of 20.88. However, the company has seen a gain of 13.58% in its stock price over the last five trading days. 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.
GO’s Market Performance
Grocery Outlet Holding Corp (GO) has seen a 13.58% rise in stock performance for the week, with a 25.65% gain in the past month and a 9.64% surge in the past quarter. The volatility ratio for the week is 4.93%, and the volatility levels for the past 30 days are at 6.02% for GO. The simple moving average for the last 20 days is 20.45% for GO’s stock, with a simple moving average of -0.71% for the last 200 days.
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 24.54% 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 -28.99% of loss for the given period.
Volatility was left at 6.02%, however, over the last 30 days, the volatility rate increased by 4.93%, as shares surge +27.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.73% upper at present.
During the last 5 trading sessions, GO rose by +13.58%, which changed the moving average for the period of 200-days by -18.30% in comparison to the 20-day moving average, which settled at $17.57. In addition, Grocery Outlet Holding Corp saw -21.51% 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 216.04 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 0.84. The receivables turnover for the company is 239.86for 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
To put it simply, Grocery Outlet Holding Corp (GO) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
