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The closing price of Grocery Outlet Holding Corp (NASDAQ: GO) was $15.94 for the day, down -2.45% from the previous closing price of $16.34. In other words, the price has decreased by -$2.45 from its previous closing price. On the day, 1.95 million shares were traded. GO stock price reached its highest trading level at $16.72 during the session, while it also had its lowest trading level at $15.91.
Ratios:
Our analysis of GO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.33 and its Current Ratio is at 1.46. In the meantime, Its Debt-to-Equity ratio is 1.29 whereas as Long-Term Debt/Eq ratio is at 1.23.
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, TD Cowen on November 06, 2024, Downgraded its rating to Hold and sets its target price to $16 from $25 previously.
On October 30, 2024, Telsey Advisory Group Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $27 to $19.
BofA Securities Downgraded its Buy to Neutral on October 30, 2024, whereas the target price for the stock was revised from $29 to $17.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 15 ’24 when Ragatz Erik D. bought 110,000 shares for $18.25 per share. The transaction valued at 2,007,500 led to the insider holds 539,785 shares of the business.
Sheedy Robert Joseph Jr. bought 11,537 shares of GO for $222,207 on Nov 13 ’24. On Sep 19 ’24, another insider, Lindberg Eric J. Jr., who serves as the Director of the company, sold 200,095 shares for $16.29 each. As a result, the insider received 3,259,548 and left with 70,938 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GO now has a Market Capitalization of 1548354176 and an Enterprise Value of 3061356544. As of this moment, Grocery’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.07, and their Forward P/E ratio for the next fiscal year is 16.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 80.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 1.28. Its current Enterprise Value per Revenue stands at 0.718 whereas that against EBITDA is 15.479.
Stock Price History:
The Beta on a monthly basis for GO is 0.31, which has changed by -0.36838037 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. Over the past 52 weeks, GO has reached a high of $29.19, while it has fallen to a 52-week low of $13.60. The 50-Day Moving Average of the stock is -9.75%, while the 200-Day Moving Average is calculated to be -19.59%.
Shares Statistics:
GO traded an average of 2.00M shares per day over the past three months and 1654480 shares per day over the past ten days. A total of 98.64M shares are outstanding, with a floating share count of 92.71M. Insiders hold about 4.56% of the company’s shares, while institutions hold 104.88% stake in the company. Shares short for GO as of 1735603200 were 9252003 with a Short Ratio of 4.01, compared to 1732838400 on 9205560. Therefore, it implies a Short% of Shares Outstanding of 9252003 and a Short% of Float of 9.87.
