At the time of writing, Scotts Miracle-Gro Company [SMG] stock is trading at $73.35, up 0.71%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SMG shares have gain 6.68% over the last week, with a monthly amount glided 25.56%, and seem to be holding up well over a long-time horizon.
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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. Previously, Truist upgraded its rating to Buy on July 11, 2023, and elevated its price target to $80. On May 08, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $80 on the stock. Stifel upgraded its rating to a Buy and increased its price target to $80 on May 01, 2023. Barclays downgraded its rating to a Equal Weight and reduced its price target to $70 on April 26, 2023. Wells Fargo upgraded its rating to Overweight for this stock on February 16, 2023, and upped its price target to $100. In a note dated February 02, 2023, Truist reiterated an Hold rating on this stock and boosted its target price from $50 to $70.
For the past year, the stock price of Scotts Miracle-Gro Company fluctuated between $43.67 and $78.25. Currently, Wall Street analysts expect the stock to reach $76.83 within the next 12 months. Scotts Miracle-Gro Company [NYSE: SMG] shares were valued at $73.35 at the most recent close of the market. An investor can expect a potential return of 4.74% based on the average SMG price forecast.
Analyzing the SMG fundamentals
According to Scotts Miracle-Gro Company [NYSE:SMG], the company’s sales were 3.44B for trailing twelve months, which represents an -22.07% plunge. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is 4.16 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-7.85.
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 72.06 points at the first support level, and at 70.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.04, and for the 2nd resistance point, it is at 74.72.
Scotts Miracle-Gro Company [SMG] reported earnings per share of -$1.45 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.53/share, meaning a difference of $0.08 and a surprise factor of 5.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$2.77 per share as compared to estimates of -$2.88 per share, a difference of $0.11 representing a surprise of 3.80%.
Ratios To Look Out For
It is important to note that Scotts Miracle-Gro Company [NYSE:SMG] has a current ratio of 2.20. In addition, the Quick Ratio stands at 0.67 and the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 1.21.
Transactions by insiders
Recent insider trading involved Hagedorn Partnership, L.P., Director, that happened on Mar 04 ’24 when 86356.0 shares were sold. 10% Owner, Hagedorn Partnership, L.P. completed a deal on Feb 23 ’24 to sell 15000.0 shares. Meanwhile, Director Johnson Stephen L sold 1394.0 shares on Feb 20 ’24.
