Let’s look at the key reasons that are pushing GrowGeneration Corp (GRWG) to new highs

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.

Elon Musk just Triggered a BOOM in These Stocks

Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"

Click Here to Download the FREE Report.


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.


On What Basis Did Swvl Holdings Corp (SWVL) Stock Rise 47% Pre-Hours?

When last checked, Swvl Holdings Corp. (Nasdaq: SWVL), a...

What Drove Organovo (ONVO) Stock Up 15% In After-Hour Session On Tuesday?

Shares of Organovo Holdings Inc. (Nasdaq: ONVO) were up...

Is There Any Reason As To Why The Zai Lab (ZLAB) Stock Expanded By 13%?

The biopharmaceutical business Zai Lab Limited (NASDAQ: ZLAB), which...



Don't miss

Wearable Devices (WLDS) Stock Rose 12% On Tuesday, But On What Basis?

Wearable Devices Ltd (NASD: WLDS) is experiencing significant growth...

Did Anything Boost ObsEva (OBSV) Stock In Pre-Hours Trading?

Following an update, shares of ObsEva SA (NASD: OBSV)...

How Did The Kalera (KAL) Stock Rise 32% Pre-Hours?

At the time of the most recent check, shares...

Why Has Selina Hospitality (SLNA) Stock Increased In Extended Session On Friday?

The stock of Selina Hospitality PLC (NASD: SLNA), which...

Rocket Pharmaceuticals Inc (RCKT) surge 12.73% in a week: will this be a lucky break through?

Rocket Pharmaceuticals Inc (NASDAQ: RCKT) started the day on December 07, 2023, with a price increase of 1.82% at $26.30. During the day, the...

California Resources Corporation (CRC) Open at price of $49.34: A Brand-New Opportunity for Investors

California Resources Corporation (NYSE: CRC) open the trading on December 07, 2023, with a bit cautious approach as it glided -0.14% to $49.12. During...

Wayfair Inc (W) Open at price of $52.35: A Brand-New Opportunity for Investors

Witnessing the stock’s movement on the chart, on December 07, 2023, Wayfair Inc (NYSE: W) remained unchanged to $53.07. During the day, the stock...


Please enter your comment!
Please enter your name here