A new trading day began on Monday, with GrowGeneration Corp (NASDAQ: GRWG) stock price up 5.26% from the previous day of trading, before settling in for the closing price of $2.09. GRWG’s price has ranged from $1.77 to $3.38 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 76.60% over the past five years. Meanwhile, its annual earnings per share averaged 40.79%. With a float of $54.27 million, this company’s outstanding shares have now reached $61.48 million.
Let’s look at the performance matrix of the company that is accounted 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) Insider and Institutional Ownership
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 8.28%, while institutional ownership is 41.23%. 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) Latest Financial update
In its latest quarterly report, released on 6/30/2024, 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). 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 40.79% 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 2.53. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.81, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.25 in one year’s time.
Technical Analysis of GrowGeneration Corp (GRWG)
GrowGeneration Corp (NASDAQ: GRWG) saw its 5-day average volume 0.41 million, a negative change from its year-to-date volume of 0.81 million. As of the previous 9 days, the stock’s Stochastic %D was 47.98%. Additionally, its Average True Range was 0.10.
During the past 100 days, GrowGeneration Corp’s (GRWG) raw stochastic average was set at 46.24%, which indicates a significant decrease from 80.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.65% in the past 14 days, which was lower than the 60.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.04, while its 200-day Moving Average is $2.28. Nevertheless, the first resistance level for the watch stands at $2.28 in the near term. At $2.35, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.46. If the price goes on to break the first support level at $2.10, it is likely to go to the next support level at $1.99. The third support level lies at $1.92 if the price breaches the second support level.
GrowGeneration Corp (NASDAQ: GRWG) Key Stats
With a market capitalization of 132.40 million, the company has a total of 59,172K Shares Outstanding. Currently, annual sales are 225,880 K while annual income is -46,500 K. The company’s previous quarter sales were 53,540 K while its latest quarter income was -5,900 K.
