Grocery Outlet Holding Corp [GO] stock is trading at $26.49, up 0.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The GO shares have lost -1.93% over the last week, with a monthly amount drifted -0.79%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Grocery Outlet Holding Corp [NASDAQ: GO] stock has seen the most recent analyst activity on February 28, 2024, when Craig Hallum upgraded its rating to a Buy but kept the price target unchanged to $36 for it. Previously, Telsey Advisory Group reaffirmed its Outperform rating on February 28, 2024, and dropped its price target to $37. On December 12, 2023, downgrade downgraded it’s rating to Sell and revised its price target to $24 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $40 on August 02, 2023. Craig Hallum downgraded its rating to a Hold. Credit Suisse started tracking with a Neutral rating for this stock on December 20, 2022, and assigned it a price target of $30. In a note dated August 23, 2022, Morgan Stanley downgraded an Underweight rating on this stock and boosted its target price from $29 to $33.
Grocery Outlet Holding Corp [GO] stock has fluctuated between $23.41 and $36.54 over the past year. Currently, Wall Street analysts expect the stock to reach $34.41 within the next 12 months. Grocery Outlet Holding Corp [NASDAQ: GO] shares were valued at $26.49 at the most recent close of the market. An investor can expect a potential return of 29.9% based on the average GO price forecast.
Analyzing the GO fundamentals
Grocery Outlet Holding Corp [NASDAQ:GO] reported sales of 3.97B for the trailing twelve months, which represents a growth of 6.34%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
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 26.24 points at the first support level, and at 26.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.88, and for the 2nd resistance point, it is at 27.28.
Ratios To Look Out For
For context, Grocery Outlet Holding Corp’s Current Ratio is 1.35. On the other hand, the Quick Ratio is 0.43, and the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 2.16 and price to earnings (TTM) ratio is 33.63.
Transactions by insiders
Recent insider trading involved Herman Thomas F, Director, that happened on Mar 27 ’24 when 1000.0 shares were sold. Director, Ragatz Erik D. completed a deal on Mar 22 ’24 to buy 36500.0 shares. Meanwhile, EVP, Chief Purchasing Officer Wilson Steven K. sold 7152.0 shares on Mar 22 ’24.
