Recent developments with Grocery Outlet Holding Corp. (GO) have led to the company’s beta value being reach -0.06 cents.

Grocery Outlet Holding Corp. (NASDAQ: GO) on January 24, 2023, started off the session at the price of $29.54, plunging -2.00% from the previous trading day. During the day, the shares moved up to $29.68 and dropped to $28.81 before settling in for the closing price of $29.46. Within the past 52 weeks, GO’s price has moved between $23.69 and $46.37.

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A company in the Consumer Defensive sector has jumped its sales by 11.00% annually for the last half of the decade. The company achieved an average annual earnings per share of -42.20%. With a float of $88.83 million, this company’s outstanding shares have now reached $97.06 million.

In an organization with 803 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +28.59, operating margin of +2.89, and the pretax margin is +2.52.

Grocery Outlet Holding Corp. (GO) Insider and Institutional Ownership

Observing investor behavior towards Grocery Stores industry stocks is more important than anything else. The insider ownership of Grocery Outlet Holding Corp. is 0.60%, while institutional ownership is 99.90%. The most recent insider transaction that took place on Dec 15, was worth 60,100. In this transaction Director of this company sold 2,000 shares at a rate of $30.05, taking the stock ownership to the 37,400 shares. Before that another transaction happened on Nov 22, when Company’s VP Corporate Controller sold 1,535 for $30.86, making the entire transaction worth $47,370. This insider now owns 17,063 shares in total.

Grocery Outlet Holding Corp. (GO) Latest Financial update

As on 6/29/2022, Multinational firm has announced its last quarter scores, in which it reported $0.29 earnings per share (EPS) for the period topping the consensus outlook (set at $0.24) by $0.05. This company achieved a net margin of +2.02 while generating a return on equity of 6.45. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.24 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -42.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.52% during the next five years compared to 39.40% growth over the previous five years of trading.

Grocery Outlet Holding Corp. (NASDAQ: GO) Trading Performance Indicators

Grocery Outlet Holding Corp. (GO) is currently performing well based on its current performance indicators. A quick ratio of 0.50 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.81. Likewise, its price to free cash flow for the trailing twelve months is 62.73.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.56, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 1.14 in one year’s time.

Technical Analysis of Grocery Outlet Holding Corp. (GO)

Let’s dig in a bit further. During the last 5-days, its volume was 0.86 million. That was inferior than the volume of 0.87 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 36.16%. Additionally, its Average True Range was 0.90.

During the past 100 days, Grocery Outlet Holding Corp.’s (GO) raw stochastic average was set at 5.85%, which indicates a significant decrease from 30.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.87% in the past 14 days, which was lower than the 39.41% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $29.72, while its 200-day Moving Average is $35.73. However, in the short run, Grocery Outlet Holding Corp.’s stock first resistance to watch stands at $29.43. Second resistance stands at $29.99. The third major resistance level sits at $30.30. If the price goes on to break the first support level at $28.56, it is likely to go to the next support level at $28.25. The third support level lies at $27.69 if the price breaches the second support level.

Grocery Outlet Holding Corp. (NASDAQ: GO) Key Stats

Market capitalization of the company is 2.79 billion based on 97,279K outstanding shares. Right now, sales total 3,080 M and income totals 62,310 K. The company made 918,190 K in profit during its latest quarter, and 17,500 K in sales during its previous quarter.


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