A new trading day began on Monday, with GrowGeneration Corp (NASDAQ: GRWG) stock price up 7.11% from the previous day of trading, before settling in for the closing price of $2.11. GRWG’s price has ranged from $1.77 to $5.00 over the past 52 weeks.
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Consumer Cyclical Sector giant saw their annual sales surged by 76.60% over the last five years. Meanwhile, its annual earnings per share averaged 55.64%. With a float of $57.15 million, this company’s outstanding shares have now reached $61.48 million.
The firm has a total of 400 workers. Let’s measure their productivity.
GrowGeneration Corp (GRWG) Insider Activity
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 7.08%, while institutional ownership is 36.23%. The most recent insider transaction that took place on Nov 15 ’23, 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 ’23, 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) Earnings and Forecasts
In its latest quarterly report, released on 12/31/2023, the company reported earnings of -0.1 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 55.64% 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 -28.61% 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 2.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.76, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.23 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 0.98 million was lower than the volume posted last year of 1.13 million. As of the previous 9 days, the stock’s Stochastic %D was 13.71%. Additionally, its Average True Range was 0.22.
During the past 100 days, GrowGeneration Corp’s (GRWG) raw stochastic average was set at 28.21%, which indicates a significant increase from 14.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 114.16% in the past 14 days, which was higher than the 84.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.31, while its 200-day Moving Average is $2.66. Now, the first resistance to watch is $2.32. This is followed by the second major resistance level at $2.37. The third major resistance level sits at $2.49. If the price goes on to break the first support level at $2.15, it is likely to go to the next support level at $2.03. Should the price break the second support level, the third support level stands at $1.98.
GrowGeneration Corp (NASDAQ: GRWG) Key Stats
With a market capitalization of 138.99 million, the company has a total of 61,504K Shares Outstanding. Currently, annual sales are 225,880 K while annual income is -46,500 K. The company’s previous quarter sales were 49,450 K while its latest quarter income was -27,310 K.
