GrowGeneration Corp. (NASDAQ:GRWG) currently has a daily average trading volume of 992.73K but it saw 847456 shares traded on Thursday. With a market cap of 234.57M USD, stock’s current market price of $3.59 came falling about -3.49 while comparing to the previous closing price of $3.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.63 and as low as $2.77. In the recent trading on the day, stock has struck highest price mark of $3.74 while lowest mark touched by it was $3.53.
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Taking a look at 20-day trading activity of GrowGeneration Corp. (GRWG) gives us an average price of $3.76, while its current price level is -58.40% below from 52-week high level whereas it is 29.60% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.48 while that of 200 days or SMA-200 reads an average of $4.35. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.98% during that period while stretching the period over a month that decreases to 8.47%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.07 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 8 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 4 analysts suggested the investors to Buy the stock while 4 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, GRWG’s stock price is moving -5.28% down while it is 20.07% when we observe its performance for the past one month. Year-to-date it is -8.42% down and over the past year, the stock is showing a downside performance of -21.44%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.1 beat the consensus estimate of -$0.11 for the same. For GRWG, analysts are forecasting an EPS-growth rate of 88.10% for current year and estimate for EPS growth in next year is 25.00%. In next quarter, company is expected to be making quarterly sales of $71 million as analysts are expecting the sales for current fiscal year at $257.97 million and seeing the company making $289.85 million in sales next year. Moreover, analysts are in estimates of $64.98 million for current-quarter revenue.
Currently, GrowGeneration Corp.’s total number of outstanding shares is 61.03M with 5.46% of that held by the insiders while 46.26% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -76.20% and return on equity (ROE) at -73.70%. Stock’s beta reads 3.06. Stock has a price to book (P/B) ratio of 1.04 while price to sale or P/S ratio amounts to 0.93. Its return on asset (ROA) is -54.90% on average.
In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.44% in the company and now holds 1.22 million or 2.01% of the company’s stake having worth of about 4.18 million.
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