The Scotts Miracle-Gro Company (SMG) is destined for greater heights as its last quarter sales were 493,600 K

A new trading day began on January 24, 2023, with The Scotts Miracle-Gro Company (NYSE: SMG) stock priced at $71.88, down -2.82% from the previous day of trading. During the day, the shares moved up to $71.88 and dropped to $62.02 before settling in for the closing price of $64.15. SMG’s price has ranged from $39.06 to $156.00 over the past 52 weeks.

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It was noted that within the last five years, the titan of the Basic Materials sector saw sales topped by 8.20%. Meanwhile, its annual earnings per share averaged -187.30%. With a float of $40.18 million, this company’s outstanding shares have now reached $55.20 million.

The extent of productivity of a business whose workforce counts for 2430 workers is very important to gauge. In terms of profitability, gross margin is +25.04, operating margin of +10.21, and the pretax margin is -14.22.

The Scotts Miracle-Gro Company (SMG) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Agricultural Inputs Industry. The insider ownership of The Scotts Miracle-Gro Company is 0.90%, while institutional ownership is 70.00%. The most recent insider transaction that took place on Jan 17, was worth 3,038,563. In this transaction Chairman and CEO of this company sold 50,000 shares at a rate of $60.77, taking the stock ownership to the 212,402 shares. Before that another transaction happened on Nov 29, when Company’s EVP and Interim CFO sold 1,659 for $53.69, making the entire transaction worth $89,067. This insider now owns 23,694 shares in total.

The Scotts Miracle-Gro Company (SMG) Performance Highlights and Predictions

In its latest quarterly report, released on 6/29/2022, the company reported earnings of $1.98 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -11.15 while generating a return on equity of -75.37. Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.07 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -187.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to -34.50% drop over the previous five years of trading.

The Scotts Miracle-Gro Company (NYSE: SMG) Trading Performance Indicators

Here are The Scotts Miracle-Gro Company’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.82.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.96, a number that is poised to hit -1.39 in the next quarter and is forecasted to reach 4.68 in one year’s time.

Technical Analysis of The Scotts Miracle-Gro Company (SMG)

The latest stats from [The Scotts Miracle-Gro Company, SMG] show that its last 5-days average volume of 0.86 million was superior to 0.82 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 77.99%. Additionally, its Average True Range was 3.22.

During the past 100 days, The Scotts Miracle-Gro Company’s (SMG) raw stochastic average was set at 75.83%, which indicates a significant increase from 66.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.44% in the past 14 days, which was higher than the 57.75% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $54.99, while its 200-day Moving Average is $71.31. Now, the first resistance to watch is $66.41. This is followed by the second major resistance level at $70.49. The third major resistance level sits at $72.68. If the price goes on to break the first support level at $60.14, it is likely to go to the next support level at $57.95. Assuming the price breaks the second support level, the third support level stands at $53.87.

The Scotts Miracle-Gro Company (NYSE: SMG) Key Stats

With a market capitalization of 3.21 billion, the company has a total of 55,465K Shares Outstanding. Currently, annual sales are 3,924 M while annual income is -437,500 K. The company’s previous quarter sales were 493,600 K while its latest quarter income was -220,100 K.


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