At the time of writing, Grocery Outlet Holding Corp [GO] stock is trading at $21.00, down -1.18%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GO shares have gain 12.60% over the last week, with a monthly amount glided 51.08%, 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 November 06, 2024, when TD Cowen downgraded its rating to a Hold and also revised its price target to $16 from $25. Previously, Telsey Advisory Group downgraded its rating to Market Perform on October 30, 2024, and dropped its price target to $19. On October 30, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $17 on the stock. Loop Capital started tracking the stock assigning a Hold rating and suggested a price target of $17 on October 17, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and reduced its price target to $27 on August 07, 2024. Craig Hallum downgraded its rating to Hold for this stock on July 31, 2024, but kept the price target unchanged to $20. In a note dated July 18, 2024, Wells Fargo initiated an Overweight rating and provided a target price of $28 on this stock.
For the past year, the stock price of Grocery Outlet Holding Corp fluctuated between $13.60 and $29.80. Currently, Wall Street analysts expect the stock to reach $21.59 within the next 12 months. Grocery Outlet Holding Corp [NASDAQ: GO] shares were valued at $21.00 at the most recent close of the market. An investor can expect a potential return of 2.81% based on the average GO price forecast.
Analyzing the GO fundamentals
According to Grocery Outlet Holding Corp [NASDAQ:GO], the company’s sales were 4.26B for trailing twelve months, which represents an 10.39% 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 of0.4.
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 20.53 points at the first support level, and at 20.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.52, and for the 2nd resistance point, it is at 22.03.
Ratios To Look Out For
It is important to note that Grocery Outlet Holding Corp [NASDAQ:GO] has a current ratio of 1.46. As well, the Quick Ratio is 0.33, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.47, the price to book ratio is 1.69 and price to earnings (TTM) ratio is 40.94.
Transactions by insiders
Recent insider trading involved Ragatz Erik D., Director, that happened on Nov 15 ’24 when 0.11 million shares were purchased. Former Officer and Director, Sheedy Robert Joseph Jr. completed a deal on Nov 13 ’24 to buy 11537.0 shares. Meanwhile, Director Lindberg Eric J. Jr. sold 0.2 million shares on Sep 19 ’24.
