On Friday, GrowGeneration Corp (NASDAQ: GRWG) was -5.62% drop from the session before settling in for the closing price of $1.78. A 52-week range for GRWG has been $1.70 – $3.38.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 76.60%. When this article was written, the company’s average yearly earnings per share was at 24.87%. With a float of $54.34 million, this company’s outstanding shares have now reached $61.48 million.
Considering the fact that the conglomerate employs 400 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 20.59%, operating margin of -19.24%, and the pretax margin is -26.59%.
GrowGeneration Corp (GRWG) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward GrowGeneration Corp stocks. The insider ownership of GrowGeneration Corp is 8.28%, while institutional ownership is 40.78%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 24.87% 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
You can see what GrowGeneration Corp (GRWG) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 3.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.88, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.30 in one year’s time.
Technical Analysis of GrowGeneration Corp (GRWG)
Compared to the last year’s volume of 0.82 million, its volume of 1.08 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 21.83%. Additionally, its Average True Range was 0.14.
During the past 100 days, GrowGeneration Corp’s (GRWG) raw stochastic average was set at 11.17%, which indicates a significant decrease from 18.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 91.06% in the past 14 days, which was higher than the 68.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.0263, while its 200-day Moving Average is $2.2587. Nevertheless, the first resistance level for the watch stands at $1.8227 in the near term. At $1.9655, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.1009. If the price goes on to break the first support level at $1.5445, it is likely to go to the next support level at $1.4091. Should the price break the second support level, the third support level stands at $1.2663.
GrowGeneration Corp (NASDAQ: GRWG) Key Stats
There are 59,245K outstanding shares of the company, which has a market capitalization of 93.94 million. As of now, sales total 225,880 K while income totals -46,500 K. Its latest quarter income was 53,540 K while its last quarter net income were -5,900 K.
