Is this a Prime Time To acquire GrowGeneration Corp. (GRWG) stock

The price of GrowGeneration Corp. (NASDAQ: GRWG) closed at $6.03 in the last session, down -6.66% from day before closing price of $6.46. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 2393131 shares were traded. GRWG stock price reached its highest trading level at $6.70 during the session, while it also had its lowest trading level at $5.87.

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Ratios:

We take a closer look at GRWG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.50 and its Current Ratio is at 4.90. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Alliance Global Partners on August 05, 2022, Downgraded its rating to Neutral and sets its target price to $4.50 from $7 previously.

Craig Hallum Downgraded its Buy to Hold on January 14, 2022, whereas the target price for the stock was revised from $30 to $12.50.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 1.59.

Stock Price History:

Over the past 52 weeks, GRWG has reached a high of $21.44, while it has fallen to a 52-week low of $2.92. The 50-Day Moving Average of the stock is 4.06, while the 200-Day Moving Average is calculated to be 5.66.

Shares Statistics:

According to the various share statistics, GRWG traded on average about 1.97M shares per day over the past 3-months and 6.43M shares per day over the past 10 days. A total of 60.85M shares are outstanding, with a floating share count of 57.49M. Insiders hold about 1.40% of the company’s shares, while institutions hold 47.60% stake in the company. Shares short for GRWG as of Oct 13, 2022 were 6.79M with a Short Ratio of 7.11M, compared to 5.51M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 11.16% and a Short% of Float of 11.78%.

Earnings Estimates

The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.09 and a low estimate of -$0.15, while EPS last year was $0.07. The consensus estimate for the next quarter is -$0.11, with high estimates of $0.07 and low estimates of -$0.16.

Analysts are recommending an EPS of between -$0.41 and -$2.68 for the fiscal current year, implying an average EPS of -$2.33. EPS for the following year is -$0.39, with 8 analysts recommending between -$0.1 and -$0.68.

Revenue Estimates

According to 8 analysts, the current quarter’s revenue is expected to be $57.55M. It ranges from a high estimate of $62.64M to a low estimate of $53.54M. As of the current estimate, GrowGeneration Corp.’s year-ago sales were $114.78M, an estimated decrease of -49.90% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $49.38M, a decrease of -45.50% over than the figure of -$49.90% in the same quarter last year. There is a high estimate of $53.73M for the next quarter, whereas the lowest estimate is $46.56M.

A total of 8 analysts have provided revenue estimates for GRWG’s current fiscal year. The highest revenue estimate was $266.66M, while the lowest revenue estimate was $254.81M, resulting in an average revenue estimate of $259.81M. In the same quarter a year ago, actual revenue was $422.49M, down -38.50% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $265.98M in the next fiscal year. The high estimate is $304M and the low estimate is $204.6M. The average revenue growth estimate for next year is up 2.40% from the average revenue estimate for this year.