At the time of writing, Scotts Miracle-Gro Company [SMG] stock is trading at $74.48, up 2.27%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SMG shares have gain 2.04% over the last week, with a monthly amount drifted -17.06%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Scotts Miracle-Gro Company [NYSE: SMG] stock has seen the most recent analyst activity on April 05, 2024, when Truist downgraded its rating to a Hold and also boosted its price target to $75 from $65. Previously, Raymond James downgraded its rating to Mkt Perform on March 25, 2024. On July 13, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $72 on the stock. Truist upgraded its rating to a Buy and increased its price target to $80 on July 11, 2023. JP Morgan upgraded its rating to a Overweight but $80 remained the price target by the analyst firm on May 08, 2023. Stifel upgraded its rating to Buy for this stock on May 01, 2023, and upped its price target to $80. In a note dated April 26, 2023, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $105 to $70.
For the past year, the stock price of Scotts Miracle-Gro Company fluctuated between $51.60 and $93.90. Currently, Wall Street analysts expect the stock to reach $80.17 within the next 12 months. Scotts Miracle-Gro Company [NYSE: SMG] shares were valued at $74.48 at the most recent close of the market. An investor can expect a potential return of 7.64% based on the average SMG price forecast.
Analyzing the SMG fundamentals
According to Scotts Miracle-Gro Company [NYSE:SMG], the company’s sales were 3.55B for trailing twelve months, which represents an 10.73% jump. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is 0.12 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -5.7.
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 72.75 points at the first support level, and at 71.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.07, and for the 2nd resistance point, it is at 77.66.
Ratios To Look Out For
It is important to note that Scotts Miracle-Gro Company [NYSE:SMG] has a current ratio of 1.31. Also, the Quick Ratio is 0.52, while the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 1.19.
Transactions by insiders
Recent insider trading involved Baxter Nathan Eric, EVP and COO, that happened on Aug 21 ’24 when 2988.0 shares were sold. EVP and COO, Baxter Nathan Eric completed a deal on Aug 22 ’24 to sell 928.0 shares. Meanwhile, 10% Owner Hagedorn Partnership, L.P. sold 85130.0 shares on Aug 21 ’24.
