At the time of writing, Grocery Outlet Holding Corp [GO] stock is trading at $17.36, down -0.91%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GO shares have gain 8.09% over the last week, with a monthly amount glided 6.57%, and 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 October 17, 2024, when Loop Capital initiated its Hold rating and assigned the stock a price target of $17. Previously, Telsey Advisory Group reaffirmed its Outperform rating on August 07, 2024, and dropped its price target to $27. On July 31, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $20 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $28 on July 18, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and reduced its price target to $31 on May 08, 2024. Craig Hallum upgraded its rating to Buy for this stock on February 28, 2024, but kept the price target unchanged to $36. In a note dated February 28, 2024, Telsey Advisory Group reiterated an Outperform rating on this stock and revised its target price from $40 to $37.
For the past year, the stock price of Grocery Outlet Holding Corp fluctuated between $15.18 and $29.98. Currently, Wall Street analysts expect the stock to reach $25.61 within the next 12 months. Grocery Outlet Holding Corp [NASDAQ: GO] shares were valued at $17.36 at the most recent close of the market. An investor can expect a potential return of 47.52% 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 17.19 points at the first support level, and at 17.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.53, and for the 2nd resistance point, it is at 17.71.
Ratios To Look Out For
It is important to note that Grocery Outlet Holding Corp [NASDAQ:GO] has a current ratio of 1.29. In addition, the Quick Ratio stands at 0.29 and the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 0.41, the price to book ratio is 1.41 and price to earnings (TTM) ratio is 32.30.
Transactions by insiders
Recent insider trading involved Lindberg Eric J. Jr., Director, that happened on Sep 19 ’24 when 0.2 million shares were sold. Director, Lindberg Eric J. Jr. completed a deal on Sep 19 ’24 to buy 0.2 million shares. Meanwhile, Director Lindberg Eric J. Jr. sold 100000.0 shares on Aug 20 ’24.
