On Tuesday, GrowGeneration Corp (NASDAQ: GRWG) opened lower -6.99% from the last session, before settling in for the closing price of $1.86. Price fluctuations for GRWG have ranged from $1.77 to $3.38 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Consumer Cyclical sector company grew by 76.60% over the past five years. Company’s average yearly earnings per share was noted 39.47% at the time writing. 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
A key investor’s attitude towards the stock of the Specialty Retail industry is another important factor to consider. The insider ownership of GrowGeneration Corp is 8.28%, while institutional ownership is 41.47%. 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
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.12 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.11) by -0.01. 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 39.47% 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
Check out the current performance indicators for GrowGeneration Corp (GRWG). In the past quarter, the stock posted a quick ratio of 2.53. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.81, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.27 in one year’s time.
Technical Analysis of GrowGeneration Corp (GRWG)
GrowGeneration Corp (NASDAQ: GRWG) saw its 5-day average volume 1.0 million, a positive change from its year-to-date volume of 0.82 million. As of the previous 9 days, the stock’s Stochastic %D was 11.73%. Additionally, its Average True Range was 0.12.
During the past 100 days, GrowGeneration Corp’s (GRWG) raw stochastic average was set at 3.48%, which indicates a significant decrease from 6.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.04% in the past 14 days, which was higher than the 66.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.0329, while its 200-day Moving Average is $2.2678. Nevertheless, the first resistance level for the watch stands at $1.8217 in the near term. At $1.9133, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.9767. If the price goes on to break the first support level at $1.6667, it is likely to go to the next support level at $1.6033. The third support level lies at $1.5117 if the price breaches the second support level.
GrowGeneration Corp (NASDAQ: GRWG) Key Stats
There are currently 59,172K shares outstanding in the company with a market cap of 102.37 million. Presently, the company’s annual sales total 225,880 K according to its annual income of -46,500 K. Last quarter, the company’s sales amounted to 53,540 K and its income totaled -5,900 K.
