A new trading day began on November 20, 2023, with GrowGeneration Corp (NASDAQ: GRWG) stock priced at $2.73, down -3.65% from the previous day of trading. During the day, the shares moved up to $2.77 and dropped to $2.615 before settling in for the closing price of $2.74. GRWG’s price has ranged from $1.77 to $8.63 over the past 52 weeks.
Consumer Cyclical Sector giant saw their annual sales surged by 100.74% over the last five years. Meanwhile, its annual earnings per share averaged 83.48%. With a float of $57.01 million, this company’s outstanding shares have now reached $61.01 million.
The firm has a total of 455 workers. Let’s measure their productivity. In terms of profitability, gross margin is +19.10, operating margin of -14.40, and the pretax margin is -59.90.
GrowGeneration Corp (GRWG) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Retail Industry. The insider ownership of GrowGeneration Corp is 7.02%, while institutional ownership is 43.24%. The most recent insider transaction that took place on Nov 15, was worth 710,138. In this transaction President of this company bought 302,766 shares at a rate of $2.35, taking the stock ownership to the 1,240,075 shares. Before that another transaction happened on Nov 15, when Company’s CEO bought 21,000 for $2.36, making the entire transaction worth $49,638. This insider now owns 1,333,120 shares in total.
GrowGeneration Corp (GRWG) Recent Fiscal highlights
In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$0.12 per share, which was $0.1 lower 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 -58.87 while generating a return on equity of -55.73. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 83.48% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to -71.78% drop over the previous five years of trading.
GrowGeneration Corp (NASDAQ: GRWG) Trading Performance Indicators
Here are GrowGeneration Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.56, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.36 in one year’s time.
Technical Analysis of GrowGeneration Corp (GRWG)
Analysing the last 5-days average volume posted by the [GrowGeneration Corp, GRWG], we can find that recorded value of 1.68 million was better than the volume posted last year of 0.99 million. As of the previous 9 days, the stock’s Stochastic %D was 88.35%. Additionally, its Average True Range was 0.18.
During the past 100 days, GrowGeneration Corp’s (GRWG) raw stochastic average was set at 37.99%, which indicates a significant decrease from 87.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 105.62% in the past 14 days, which was higher than the 82.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.57, while its 200-day Moving Average is $3.35. Now, the first resistance to watch is $2.74. This is followed by the second major resistance level at $2.83. The third major resistance level sits at $2.89. If the price goes on to break the first support level at $2.58, it is likely to go to the next support level at $2.52. Now, if the price goes above the second support level, the third support stands at $2.43.
GrowGeneration Corp (NASDAQ: GRWG) Key Stats
With a market capitalization of 161.86 million, the company has a total of 61,311K Shares Outstanding. Currently, annual sales are 278,170 K while annual income is -163,750 K. The company’s previous quarter sales were 55,680 K while its latest quarter income was -7,350 K.