A share price of GrowGeneration Corp [GRWG] is currently trading at $2.14, up 3.88%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GRWG shares have gain 5.42% over the last week, with a monthly amount drifted -12.30%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 29, February 2024, GrowGeneration’s HRG Distribution Enters Strategic Partnership with Quest Climate. In a post published today on Yahoo Finance, GrowGeneration Corp. (NASDAQ: GRWG), the largest chain of specialty hydroponic and organic garden centers in the United States, today announced a strategic partnership between its distribution arm, HRG Distribution, and Quest Climate, a pioneering leader in advanced dehumidification technology.
From an analyst’s perspective:
GrowGeneration Corp [NASDAQ: GRWG] stock has seen the most recent analyst activity on May 10, 2023, when Craig Hallum upgraded its rating to a Buy and also boosted its price target to $4.75 from $4.25. Previously, Alliance Global Partners downgraded its rating to Neutral on August 05, 2022, and dropped its price target to $4.50. On March 03, 2022, downgrade downgraded it’s rating to Neutral. Craig Hallum downgraded its rating to a Hold and decreased its price target to $12.50 on January 14, 2022. Wells Fargo initiated its recommendation with a Equal Weight and recommended $18 as its price target on December 07, 2021. Stifel downgraded its rating to Hold for this stock on November 12, 2021, and downed its price target to $24. In a note dated May 14, 2021, ROTH Capital upgraded an Buy rating on this stock but restated the target price of $55.
GrowGeneration Corp experienced fluctuations in its stock price throughout the past year between $1.77 and $5.00. Currently, Wall Street analysts expect the stock to reach $4.25 within the next 12 months. GrowGeneration Corp [NASDAQ: GRWG] shares were valued at $2.14 at the most recent close of the market. An investor can expect a potential return of 98.6% based on the average GRWG price forecast.
Analyzing the GRWG fundamentals
Trailing Twelve Months sales for GrowGeneration Corp [NASDAQ:GRWG] were 230.89M which represents -21.41% decline. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.16 and Total Capital is -0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.22.
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 2.09 points at the first support level, and at 2.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.19, and for the 2nd resistance point, it is at 2.23.
GrowGeneration Corp [GRWG] reported earnings per share of -$0.12 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 -$0.11/share, meaning a difference of -$0.01 and a surprise factor of -9.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.09 per share as compared to estimates of -$0.08 per share, a difference of -$0.01 representing a surprise of -12.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for GrowGeneration Corp [NASDAQ:GRWG] is 4.05. In addition, the Quick Ratio stands at 2.17 and the Cash Ratio stands at 0.78. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 0.66.
Transactions by insiders
In the past 3 months, 6 insiders have purchased 124,045 shares, and 0 have sold 0 shares. Recent insider trading involved Salaman Michael, President, that happened on Nov 15 when 0.3 million shares were purchased. CEO, Lampert Darren completed a deal on Nov 15 to buy 21000.0 shares. Meanwhile, CEO Lampert Darren bought 0.17 million shares on Nov 14.
