Scotts Miracle-Gro Company (SMG) Shares on the Rise: Short-term Analysis

At the time of writing, Scotts Miracle-Gro Company [SMG] stock is trading at $57.88, up 1.78%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SMG shares have gain 15.76% over the last week, with a monthly amount glided 23.12%, and seem to be holding up well over a long-time horizon.

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On 16, November 2023, The Scotts Miracle-Gro Foundation and The National Head Start Association Partner to Bring Gardens to Children and Families. In a post published today on Yahoo Finance, In its sixth year, GroMoreGood Garden Grant application is live.

From an analyst’s perspective:

Scotts Miracle-Gro Company [NYSE: SMG] stock has seen the most recent analyst activity on July 13, 2023, when Stifel downgraded its rating to a Hold and also revised its price target to $72 from $78.

For the past year, the stock price of Scotts Miracle-Gro Company fluctuated between $43.67 and $88.61. Currently, Wall Street analysts expect the stock to reach $62.71 within the next 12 months. Scotts Miracle-Gro Company [NYSE: SMG] shares were valued at $57.88 at the most recent close of the market. An investor can expect a potential return of 8.34% based on the average SMG price forecast.

Analyzing the SMG fundamentals

According to Scotts Miracle-Gro Company [NYSE:SMG], the company’s sales were 375.0 million in the recent quarter, which represents an -24.13% plunge. Gross Margin for this corporation currently stands at +23.74% with Operating Margin at +8.21%, Pretax Margin comes in at -12.76%, and Net Margin reading is -10.70%. An extended look at the Principal structure reveals enduring liabilities to the total capital of 111.41 and enduring liabilities to assets of 76.45.

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 56.76 points at the first support level, and at 55.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.45, and for the 2nd resistance point, it is at 59.03.

Scotts Miracle-Gro Company [SMG] reported earnings per share of -$2.77 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$2.88/share, meaning a difference of $0.11 and a surprise factor of 3.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $1.17 per share as compared to estimates of $1.45 per share, a difference of -$0.28 representing a surprise of -19.30%.

Ratios To Look Out For

It is important to note that Scotts Miracle-Gro Company [NYSE:SMG] has a current ratio of 1.81. Also, the Quick Ratio is 0.67, while the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.81.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 16 insider buyings of 31,514 shares and 1 insider sellings of 23,685 shares. Recent insider trading involved HAGEDORN JAMES, Chairman, CEO and President, that happened on Nov 03 when 16432.0 shares were sold. Chairman, CEO and President, HAGEDORN JAMES completed a deal on Nov 02 to sell 64260.0 shares. Meanwhile, 10% Owner Hagedorn Partnership, L.P. sold 23685.0 shares on Aug 21.