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As of close of business last night, Grocery Outlet Holding Corp’s stock clocked out at $21.25, up 0.43% from its previous closing price of $21.16. In other words, the price has increased by $0.43 from its previous closing price. On the day, 1.52 million shares were traded. GO stock price reached its highest trading level at $21.65 during the session, while it also had its lowest trading level at $20.95.
Ratios:
To gain a deeper understanding of GO’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 2064148480 and an Enterprise Value of 3577150720. As of this moment, Grocery’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.42, and their Forward P/E ratio for the next fiscal year is 22.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 107.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 0.839 whereas that against EBITDA is 18.087.
Stock Price History:
Over the past 52 weeks, GO has reached a high of $29.80, while it has fallen to a 52-week low of $13.60. The 50-Day Moving Average of the stock is 24.37%, while the 200-Day Moving Average is calculated to be -0.18%.
Shares Statistics:
It appears that GO traded 2.16M shares on average per day over the past three months and 2189510 shares per day over the past ten days. A total of 99.22M shares are outstanding, with a floating share count of 92.70M. Insiders hold about 4.57% of the company’s shares, while institutions hold 104.92% stake in the company. Shares short for GO as of 1731628800 were 7989374 with a Short Ratio of 5.39, compared to 1728950400 on 10208620. Therefore, it implies a Short% of Shares Outstanding of 7989374 and a Short% of Float of 8.520000399999999.
