At the time of writing, Grocery Outlet Holding Corp [GO] stock is trading at $18.94, up 2.71%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GO shares have gain 6.82% over the last week, with a monthly amount drifted -1.41%, 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 August 07, 2024, when Telsey Advisory Group reiterated its Outperform rating and also revised its price target to $27 from $31. Previously, Craig Hallum downgraded its rating to Hold on July 31, 2024, and kept the price target unchanged to $20. On July 18, 2024, Wells Fargo initiated with a Overweight rating and assigned a price target of $28 on the stock. Telsey Advisory Group reiterated its Outperform rating and decreased its price target to $31 on May 08, 2024. Craig Hallum upgraded its rating to a Buy but $36 remained the price target by the analyst firm on February 28, 2024. Telsey Advisory Group reiterated a Outperform rating for this stock on February 28, 2024, and downed its price target to $37. In a note dated December 12, 2023, Goldman downgraded an Sell rating on this stock and revised its target price from $33 to $24.
For the past year, the stock price of Grocery Outlet Holding Corp fluctuated between $17.46 and $31.44. Currently, Wall Street analysts expect the stock to reach $30.49 within the next 12 months. Grocery Outlet Holding Corp [NASDAQ: GO] shares were valued at $18.94 at the most recent close of the market. An investor can expect a potential return of 60.98% based on the average GO price forecast.
Analyzing the GO fundamentals
According to Grocery Outlet Holding Corp [NASDAQ:GO], the company’s sales were 4.16B for trailing twelve months, which represents an 11.71% jump. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
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 18.66 points at the first support level, and at 18.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.10, and for the 2nd resistance point, it is at 19.25.
Ratios To Look Out For
It is important to note that Grocery Outlet Holding Corp [NASDAQ:GO] has a current ratio of 1.29. Also, the Quick Ratio is 0.29, while the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 0.45, the price to book ratio is 1.54 and price to earnings (TTM) ratio is 35.24.
Transactions by insiders
Recent insider trading involved Lindberg Eric J. Jr., Director, that happened on Aug 20 ’24 when 100000.0 shares were sold. Director, Lindberg Eric J. Jr. completed a deal on Aug 21 ’24 to sell 100000.0 shares. Meanwhile, Director Lindberg Eric J. Jr. bought 100000.0 shares on Aug 21 ’24.
