Scotts Miracle-Gro Company [SMG] stock is trading at $70.64, up 3.38%. An important factor to consider is whether the stock is rising or falling in short-term value. The SMG shares have gain 5.57% over the last week, with a monthly amount drifted -4.95%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Scotts Miracle-Gro Company [NYSE: SMG] stock has seen the most recent analyst activity on December 09, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $72. Previously, Truist downgraded its rating to Hold on April 05, 2024, and elevated its price target to $75. On March 25, 2024, downgrade downgraded it’s rating to Mkt Perform. Stifel downgraded its rating to a Hold and decreased its price target to $72 on July 13, 2023. Truist upgraded its rating to a Buy and raised its price target to $80 on July 11, 2023. JP Morgan upgraded its rating to Overweight for this stock on May 08, 2023, but kept the price target unchanged to $80. In a note dated May 01, 2023, Stifel upgraded an Buy rating on this stock and boosted its target price from $65 to $80.
Scotts Miracle-Gro Company [SMG] stock has fluctuated between $53.43 and $93.90 over the past year. Currently, Wall Street analysts expect the stock to reach $81 within the next 12 months. Scotts Miracle-Gro Company [NYSE: SMG] shares were valued at $70.64 at the most recent close of the market. An investor can expect a potential return of 14.67% based on the average SMG price forecast.
Analyzing the SMG fundamentals
Scotts Miracle-Gro Company [NYSE:SMG] reported sales of 3.55B for the trailing twelve months, which represents a growth of 10.73%. 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 69.41 points at the first support level, and at 68.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.28, and for the 2nd resistance point, it is at 71.91.
Ratios To Look Out For
For context, Scotts Miracle-Gro Company’s Current Ratio is 1.31. On the other hand, the Quick Ratio is 0.52, and the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 1.14.
Transactions by insiders
Recent insider trading involved Hagedorn Partnership, L.P., 10% Owner, that happened on Dec 09 ’24 when 0.11 million shares were sold. 10% Owner, HAGEDORN ROBERT completed a deal on Dec 09 ’24 to sell 0.11 million shares. Meanwhile, EVP and COO Baxter Nathan Eric sold 11359.0 shares on Dec 09 ’24.
