Scotts Miracle-Gro Company (SMG) volume exceeds 702.09: A new investment opportunity for investors

Scotts Miracle-Gro Company (NYSE: SMG) on Friday soared 55.78% from the previous trading day, before settling in for the closing price of $65.50. Within the past 52 weeks, SMG’s price has moved between $43.67 and $88.61.

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Basic Materials Sector giant saw their annual sales surged by 7.75% over the last five years. The company achieved an average annual earnings per share of 121.29%. With a float of $42.14 million, this company’s outstanding shares have now reached $56.50 million.

The firm has a total of Feb 22 2024 workers. Let’s measure their productivity.

Scotts Miracle-Gro Company (SMG) Breakdown of a Key Holders of the stock

Observing investor behavior towards Agricultural Inputs industry stocks is more important than anything else. The insider ownership of Scotts Miracle-Gro Company is 25.67%, while institutional ownership is 72.80%. The most recent insider transaction that took place on Dec 14, was worth 197,140. In this transaction Director of this company sold 3,200 shares at a rate of $61.61, taking the stock ownership to the 17,512 shares. Before that another transaction happened on Dec 13, when Company’s Director sold 4,910 for $56.65, making the entire transaction worth $278,152. This insider now owns 10,159 shares in total.

Scotts Miracle-Gro Company (SMG) Recent Fiscal highlights

As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported -$1.45 earnings per share (EPS) for the period topping the consensus outlook (set at -$1.53) by $0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.25 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 121.29% per share during the next fiscal year.

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

Scotts Miracle-Gro Company (SMG) is currently performing well based on its current performance indicators. A quick ratio of 0.67 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 0.92. Likewise, its price to free cash flow for the trailing twelve months is 6.10.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.05, a number that is poised to hit 3.26 in the next quarter and is forecasted to reach 3.86 in one year’s time.

Technical Analysis of Scotts Miracle-Gro Company (SMG)

Analysing the last 5-days average volume posted by the [Scotts Miracle-Gro Company, SMG], we can find that recorded value of 1.07 million was better than the volume posted last year of 0.7 million. As of the previous 9 days, the stock’s Stochastic %D was 45.94%. Additionally, its Average True Range was 2.61.

During the past 100 days, Scotts Miracle-Gro Company’s (SMG) raw stochastic average was set at 54.80%, which indicates a significant increase from 28.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.55% in the past 14 days, which was lower than the 51.64% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $59.78, while its 200-day Moving Average is $58.44. Now, the first resistance to watch is $57.35. This is followed by the second major resistance level at $58.93. The third major resistance level sits at $60.02. If the price goes on to break the first support level at $54.68, it is likely to go to the next support level at $53.59. Now, if the price goes above the second support level, the third support stands at $52.01.

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

Market capitalization of the company is 3.16 billion based on 56,692K outstanding shares. Right now, sales total 3,551 M and income totals -380,100 K. The company made 374,500 K in profit during its latest quarter, and -468,500 K in sales during its previous quarter.