At the time of writing, GrowGeneration Corp [GRWG] stock is trading at $2.15, up 6.44%. 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 10.82% over the last week, with a monthly amount drifted -5.29%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of GrowGeneration Corp fluctuated between $1.77 and $3.60. Currently, Wall Street analysts expect the stock to reach $4.17 within the next 12 months. GrowGeneration Corp [NASDAQ: GRWG] shares were valued at $2.15 at the most recent close of the market. An investor can expect a potential return of 93.95% based on the average GRWG price forecast.
Analyzing the GRWG fundamentals
According to GrowGeneration Corp [NASDAQ:GRWG], the company’s sales were 206.55M for trailing twelve months, which represents an -16.25% plunge. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.23, Equity is -0.28 and Total Capital is -0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.27.
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 2.04 points at the first support level, and at 1.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.24, and for the 2nd resistance point, it is at 2.34.
Ratios To Look Out For
It is important to note that GrowGeneration Corp [NASDAQ:GRWG] has a current ratio of 4.61. Further, the Quick Ratio stands at 2.53, while the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 0.62, the price to book ratio is 0.84.
Transactions by insiders
Recent insider trading involved ADAMS EULA L, Director, that happened on Aug 27 ’24 when 25000.0 shares were purchased. Director, Aiello Stephen completed a deal on Aug 15 ’24 to buy 48916.0 shares. Meanwhile, Director Aiello Stephen bought 51084.0 shares on Aug 14 ’24.
