A share price of Scotts Miracle-Gro Company [SMG] is currently trading at $74.35, up 2.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The SMG shares have gain 3.83% over the last week, with a monthly amount glided 13.05%, and 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 1, April 2024, The Scotts Miracle-Gro Foundation and Doodles and Digits Partner to Bring “How It’s Math” to Public Television. In a post published today on Yahoo Finance, Doodles and Digits and The Scotts Miracle-Gro Foundation announced a partnership to underwrite the television debut of the acclaimed “How It’s Math” program on Public Television. Set to premiere this April in celebration of Mathematical Awareness Month, the show will explore the fascinating world of mathematics in different careers and industries.
From an analyst’s perspective:
Scotts Miracle-Gro Company [NYSE: SMG] stock has seen the most recent analyst activity on March 25, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Stifel downgraded its rating to Hold on July 13, 2023, and dropped its price target to $72. On July 11, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $80 on the stock. JP Morgan upgraded its rating to a Overweight but stick to its price target of $80 on May 08, 2023. Stifel upgraded its rating to a Buy and raised its price target to $80 on May 01, 2023. Barclays downgraded its rating to Equal Weight for this stock on April 26, 2023, and downed its price target to $70. In a note dated February 16, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $75 to $100.
Scotts Miracle-Gro Company experienced fluctuations in its stock price throughout the past year 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 $74.35 at the most recent close of the market. An investor can expect a potential return of 3.34% based on the average SMG price forecast.
Analyzing the SMG fundamentals
Trailing Twelve Months sales for Scotts Miracle-Gro Company [NYSE:SMG] were 3.44B which represents -22.07% decline. 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 72.73 points at the first support level, and at 71.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.40, and for the 2nd resistance point, it is at 76.45.
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
To put it in perspective, the Current Ratio for Scotts Miracle-Gro Company [NYSE:SMG] is 2.20. On the other hand, the Quick Ratio is 0.67, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 1.23.
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.
