GrowGeneration Corp (NASDAQ: GRWG) on Friday, plunged -0.51% from the previous trading day, before settling in for the closing price of $1.96. Within the past 52 weeks, GRWG’s price has moved between $1.77 and $3.78.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 76.60%. The company achieved an average annual earnings per share of 43.16%. With a float of $54.46 million, this company’s outstanding shares have now reached $61.48 million.
Let’s determine the extent of company efficiency that accounts for 400 employees. In terms of profitability, gross margin is 20.88%, operating margin of -16.88%, and the pretax margin is -23.9%.
GrowGeneration Corp (GRWG) Breakdown of a Key Holders of the stock
Observing investor behavior towards Specialty Retail industry stocks is more important than anything else. The insider ownership of GrowGeneration Corp is 7.92%, while institutional ownership is 41.20%. The most recent insider transaction that took place on Aug 27 ’24, was worth 50,500. In this transaction Director of this company bought 25,000 shares at a rate of $2.02, taking the stock ownership to the 25,000 shares. Before that another transaction happened on Aug 15 ’24, when Company’s Director bought 48,916 for $2.03, making the entire transaction worth $99,299. This insider now owns 494,977 shares in total.
GrowGeneration Corp (GRWG) Recent Fiscal highlights
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.12 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.11) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 43.16% 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
GrowGeneration Corp (GRWG) is currently performing well based on its current performance indicators. A quick ratio of 2.53 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 0.56.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.81, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach -0.23 in one year’s time.
Technical Analysis of GrowGeneration Corp (GRWG)
Looking closely at GrowGeneration Corp (NASDAQ: GRWG), its last 5-days average volume was 0.66 million, which is a drop from its year-to-date volume of 0.92 million. As of the previous 9 days, the stock’s Stochastic %D was 16.36%. Additionally, its Average True Range was 0.14.
During the past 100 days, GrowGeneration Corp’s (GRWG) raw stochastic average was set at 13.09%, which indicates a significant decrease from 32.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.13% in the past 14 days, which was lower than the 86.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.2063, while its 200-day Moving Average is $2.3983. However, in the short run, GrowGeneration Corp’s stock first resistance to watch stands at $1.9866. Second resistance stands at $2.0232. The third major resistance level sits at $2.0565. If the price goes on to break the first support level at $1.9167, it is likely to go to the next support level at $1.8834. Now, if the price goes above the second support level, the third support stands at $1.8468.
GrowGeneration Corp (NASDAQ: GRWG) Key Stats
Market capitalization of the company is 115.38 million based on 60,709K outstanding shares. Right now, sales total 225,880 K and income totals -46,500 K. The company made 53,540 K in profit during its latest quarter, and -5,900 K in sales during its previous quarter.
