GrowGeneration Corp [GRWG] stock prices are up 13.90% to $2.54 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GRWG shares have gain 27.00% over the last week, with a monthly amount glided 25.74%, and seem to be holding up well over a long-time horizon.
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On 25, March 2024, GrowGeneration Announces Share Repurchase Program. In a post published today on Yahoo Finance, GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced that its Board of Directors has authorized the Company’s first share repurchase program to repurchase up to $6 million of the Company’s outstanding common stock.
From an analyst’s perspective:
GrowGeneration Corp [NASDAQ: GRWG] stock has seen the most recent analyst activity on March 20, 2024, when Oppenheimer downgraded its rating to a Perform. Previously, Craig Hallum upgraded its rating to Buy on May 10, 2023, and elevated its price target to $4.75. On August 05, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $4.50 on the stock. ROTH Capital downgraded its rating to a Neutral. Craig Hallum downgraded its rating to a Hold and reduced its price target to $12.50 on January 14, 2022. Wells Fargo started tracking with a Equal Weight rating for this stock on December 07, 2021, and assigned it a price target of $18. In a note dated November 12, 2021, Stifel downgraded an Hold rating on this stock and revised its target price from $41 to $24.
The stock price of GrowGeneration Corp [GRWG] has been fluctuating between $1.77 and $5.00 over the past year. Currently, Wall Street analysts expect the stock to reach $4.25 within the next 12 months. GrowGeneration Corp [NASDAQ: GRWG] shares were valued at $2.54 at the most recent close of the market. An investor can expect a potential return of 67.32% based on the average GRWG price forecast.
Analyzing the GRWG fundamentals
The GrowGeneration Corp [NASDAQ:GRWG] reported sales of 225.88M for trailing twelve months, representing a drop of -9.19%. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.23 and Total Capital is -0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.24.
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 2.29 points at the first support level, and at 2.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.75, and for the 2nd resistance point, it is at 2.97.
GrowGeneration Corp [GRWG] reported earnings per share of -$0.44 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 -$0.13/share, meaning a difference of -$0.31 and a surprise factor of -238.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.12 per share as compared to estimates of -$0.11 per share, a difference of -$0.01 representing a surprise of -9.10%.
Ratios To Look Out For
It’s worth pointing out that GrowGeneration Corp [NASDAQ:GRWG]’s Current Ratio is 4.77. Further, the Quick Ratio stands at 2.67, while the Cash Ratio is 0.96. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 0.90.
Transactions by insiders
Recent insider trading involved Salaman Michael, President, that happened on Nov 15 ’23 when 0.3 million shares were purchased. CEO, Lampert Darren completed a deal on Nov 15 ’23 to buy 21000.0 shares. Meanwhile, CEO Lampert Darren bought 0.17 million shares on Nov 14 ’23.
