The stock of GrowGeneration Corp (GRWG) has gone down by -7.22% for the week, with a -7.22% drop in the past month and a -14.11% drop in the past quarter. The volatility ratio for the week is 5.57%, and the volatility levels for the past 30 days are 6.56% for GRWG. The simple moving average for the past 20 days is -7.45% for GRWG’s stock, with a -22.16% simple moving average for the past 200 days.
Is It Worth Investing in GrowGeneration Corp (NASDAQ: GRWG) Right Now?
Moreover, the 36-month beta value for GRWG is 3.08. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for GRWG is 54.23M and currently, short sellers hold a 6.54% of that float. On December 13, 2024, GRWG’s average trading volume was 551.84K shares.
GRWG) stock’s latest price update
The stock of GrowGeneration Corp (NASDAQ: GRWG) has decreased by -3.61 when compared to last closing price of 1.80.Despite this, the company has seen a loss of -7.22% in its stock price over the last five trading days. marijuanastocks.com reported 2024-11-22 that The cannabis industry continues to grow and shows why people should be finding ways to invest. Now marijuana stocks for some time have been one of the tougher sectors to pull consistent profits from. There is a lack of continuous momentum and when there is it is often due to politics on cannabis reform. Other factors that help the sector build better momentum is when companies report strong earnings. When people can see that a company is thriving it entices them to invest looking further into marijuana stocks.
Analysts’ Opinion of GRWG
Craig Hallum, on the other hand, stated in their research note that they expect to see GRWG reach a price target of $4.75, previously predicting the price at $4.25. The rating they have provided for GRWG stocks is “Buy” according to the report published on May 10th, 2023.
Alliance Global Partners gave a rating of “Neutral” to GRWG, setting the target price at $4.50 in the report published on August 05th of the previous year.
GRWG Trading at -11.75% from the 50-Day Moving Average
After a stumble in the market that brought GRWG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.67% of loss for the given period.
Volatility was left at 6.56%, however, over the last 30 days, the volatility rate increased by 5.57%, as shares sank -2.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.15% lower at present.
During the last 5 trading sessions, GRWG fell by -6.98%, which changed the moving average for the period of 200-days by -18.71% in comparison to the 20-day moving average, which settled at $1.8750. In addition, GrowGeneration Corp saw -30.88% 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 GRWG starting from Salaman Michael, who purchase 58,476 shares at the price of $1.74 back on Nov 19 ’24. After this action, Salaman Michael now owns 1,503,848 shares of GrowGeneration Corp, valued at $101,748 using the latest closing price.
Lampert Darren, the CEO of GrowGeneration Corp, purchase 57,467 shares at $1.75 during a trade that took place back on Nov 19 ’24, which means that Lampert Darren is holding 1,595,883 shares at $100,567 based on the most recent closing price.
Stock Fundamentals for GRWG
Current profitability levels for the company are sitting at:
- -0.19 for the present operating margin
- 0.21 for the gross margin
The net margin for GrowGeneration Corp stands at -0.27. The total capital return value is set at -0.22. Equity return is now at value -31.16, with -22.43 for asset returns.
Currently, EBITDA for the company is -29.76 million with net debt to EBITDA at -0.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.57. The receivables turnover for the company is 17.57for 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 5.00.
Conclusion
To wrap up, the performance of GrowGeneration Corp (GRWG) has been bad in recent times. The stock has received a mixed of “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.
