Here is how The Scotts Miracle-Gro Company (SMG) stock might take investors finances to the next level

Currently, The Scotts Miracle-Gro Company [SMG] is trading at $80.27, down -2.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SMG shares have lost -8.34% over the last week, with a monthly amount drifted -1.23%, and not seem to be holding up well over a long-time horizon.

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On 3, August 2022, ScottsMiracle-Gro Announces Third Quarter Financial Results; Introduces Project Springboard to Enhance Shareholder Value. In a post published today on Yahoo Finance, Company reduces full-year sales and earnings outlook.

From an analyst’s perspective:

The Scotts Miracle-Gro Company [NYSE: SMG] stock has seen the most recent analyst activity on July 22, 2022, when UBS downgraded its rating to a Neutral and also revised its price target to $92 from $125. Previously, Wells Fargo downgraded its rating to Equal Weight on June 22, 2022, and dropped its price target to $85. On June 09, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $95 on the stock. Truist downgraded its rating to a Hold and decreased its price target to $85 on June 08, 2022. JP Morgan upgraded its rating to a Overweight and reduced its price target to $130 on May 04, 2022. Stifel downgraded its rating to Hold for this stock on May 04, 2022, and downed its price target to $116. In a note dated April 21, 2022, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $150 to $110.

This stock has fluctuated between a low of $72.58 and a high of $180.43 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $92.00 within the next 12 months. The Scotts Miracle-Gro Company [NYSE: SMG] shares were valued at $80.27 at the most recent close of the market. An investor can expect a potential return of 14.61% based on the average price forecast.

Analyzing the SMG fundamentals

Recent quarter sales for The Scotts Miracle-Gro Company [NYSE:SMG] were 1.68 billion which represents -8.20% decline. Gross Margin for this corporation currently stands at +29.60% with Operating Margin at +15.09%, Pretax Margin comes in at +13.75%, and Net Margin reading is +10.49%. To continue investigating profitability, this company’s Return on Assets is posted at 12.18, Equity is 60.38, Total Capital is 24.81, and Invested Capital is 18.73. An extended look at the Principal structure reveals enduring liabilities to the total capital of 69.37 and enduring liabilities to assets of 52.29.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 78.70 points at the first support level, and at 77.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.09, and for the 2nd resistance point, it is at 85.91.

The Scotts Miracle-Gro Company [SMG] reported earnings per share of $5.03 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.75/share, meaning a difference of $0.28 and a surprise factor of 5.90%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were -$0.88 per share as compared to estimates of -$0.73 per share, a difference of $-0.15 representing a surprise of -20.50%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for The Scotts Miracle-Gro Company [NYSE:SMG] is 2.20. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 1.70, the price to book ratio is 8.03 and the P/E (TTM) ratio is 11.20.

Transactions by insiders

Insider trading has also been a hot topic recently, with 17 insiders purchasing 1,961 shares and 7 selling 77,500 shares in the past 3 months. Recent insider trading involved HAGEDORN JAMES, Chairman and CEO, that happened on May 13 when 60000.0 shares were sold. EVP and CCO, King James D completed a deal on May 10 to sell 17500.0 shares. Meanwhile, Director Johnson Stephen L sold 2305.0 shares on May 04.