Scotts Miracle-Gro Company [SMG] stock prices are up 5.38% to $77.70 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SMG shares have gain 10.64% over the last week, with a monthly amount glided 15.50%, and 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.
The stock price of Scotts Miracle-Gro Company [SMG] has been fluctuating 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 $77.70 at the most recent close of the market. An investor can expect a potential return of 4.25% based on the average SMG price forecast.
Analyzing the SMG fundamentals
The Scotts Miracle-Gro Company [NYSE:SMG] reported sales of 3.55B for trailing twelve months, representing a surge 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 74.67 points at the first support level, and at 71.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.25, and for the 2nd resistance point, it is at 80.81.
Ratios To Look Out For
It’s worth pointing out that Scotts Miracle-Gro Company [NYSE:SMG]’s Current Ratio is 1.31. Further, the Quick Ratio stands at 0.52, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 1.26.
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.
