Grocery Outlet Holding Corp [GO] stock prices are up 1.39% to $16.73 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GO shares have gain 6.76% over the last week, with a monthly amount drifted -14.60%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Grocery Outlet Holding Corp [GO] has been fluctuating between $13.60 and $29.19 over the past year. Currently, Wall Street analysts expect the stock to reach $17.75 within the next 12 months. Grocery Outlet Holding Corp [NASDAQ: GO] shares were valued at $16.73 at the most recent close of the market. An investor can expect a potential return of 6.1% based on the average GO price forecast.
Analyzing the GO fundamentals
The Grocery Outlet Holding Corp [NASDAQ:GO] reported sales of 4.26B for trailing twelve months, representing a surge of 10.39%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.
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 16.17 points at the first support level, and at 15.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.27, and for the 2nd resistance point, it is at 17.80.
Ratios To Look Out For
It’s worth pointing out that Grocery Outlet Holding Corp [NASDAQ:GO]’s Current Ratio is 1.46. On the other hand, the Quick Ratio is 0.33, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.38, the price to book ratio is 1.35 and price to earnings (TTM) ratio is 32.61.
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.
