Company’s 36-month beta value is 3.10.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for GRWG is 54.11M, and currently, short sellers hold a 6.48% ratio of that floaft. The average trading volume of GRWG on December 31, 2024 was 615.55K shares.
GRWG) stock’s latest price update
The stock price of GrowGeneration Corp (NASDAQ: GRWG) has jumped by 5.70 compared to previous close of 1.58. Despite this, the company has seen a gain of 3.09% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-30 that The cannabis sector is in a bear market, but GrowGeneration is a Strong Buy at its current depressed valuation, trading below tangible book value. Insiders have been buying, and the potential elimination of 280E taxation could significantly boost GRWG’s adjusted EBITDA and stock price. GRWG’s low price relative to tangible book value and its debt-free status with substantial cash provide a cushion against downside risk.
GRWG’s Market Performance
GrowGeneration Corp (GRWG) has experienced a 3.09% rise in stock performance for the past week, with a -13.91% drop in the past month, and a -18.53% drop in the past quarter. The volatility ratio for the week is 5.38%, and the volatility levels for the past 30 days are at 5.65% for GRWG. The simple moving average for the past 20 days is -4.40% for GRWG’s stock, with a -24.20% simple moving average for the past 200 days.
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 -10.97% 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 -50.59% of loss for the given period.
Volatility was left at 5.65%, however, over the last 30 days, the volatility rate increased by 5.38%, as shares sank -15.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.46% lower at present.
During the last 5 trading sessions, GRWG rose by +8.02%, which changed the moving average for the period of 200-days by -12.50% in comparison to the 20-day moving average, which settled at $1.7510. In addition, GrowGeneration Corp saw -33.46% 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 0.55. 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
In a nutshell, GrowGeneration Corp (GRWG) has experienced a bad 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.
