The closing price of GrowGeneration Corp (NASDAQ: GRWG) was $2.05 for the day, up 1.49% from the previous closing price of $2.02. In other words, the price has increased by $+0.0300 from its previous closing price. On the day, 708496 shares were traded.
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Ratios:
Our analysis of GRWG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.17 and its Current Ratio is at 4.05. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.18.
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, Craig Hallum on May 10, 2023, Upgraded its rating to Buy and sets its target price to $4.75 from $4.25 previously.
On August 05, 2022, Alliance Global Partners Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $7 to $4.50.
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 when Salaman Michael bought 302,766 shares for $2.35 per share. The transaction valued at 710,138 led to the insider holds 1,240,075 shares of the business.
Lampert Darren bought 21,000 shares of GRWG for $49,638 on Nov 15. The CEO now owns 1,333,120 shares after completing the transaction at $2.36 per share. On Nov 14, another insider, Lampert Darren, who serves as the CEO of the company, bought 175,000 shares for $2.11 each. As a result, the insider paid 368,830 and bolstered with 1,312,120 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, GRWG now has a Market Capitalization of 125.69M and an Enterprise Value of 103.83M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 0.63. Its current Enterprise Value per Revenue stands at 0.45 whereas that against EBITDA is -5.71.
Stock Price History:
Over the past 52 weeks, GRWG has reached a high of $5.00, while it has fallen to a 52-week low of $1.77. The 50-Day Moving Average of the stock is 2.3964, while the 200-Day Moving Average is calculated to be 2.9311.
Shares Statistics:
GRWG traded an average of 791.28K shares per day over the past three months and 811.75k shares per day over the past ten days. A total of 61.01M shares are outstanding, with a floating share count of 56.96M. Insiders hold about 7.10% of the company’s shares, while institutions hold 36.35% stake in the company. Shares short for GRWG as of Jan 31, 2024 were 2.6M with a Short Ratio of 3.28, compared to 2.65M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.24% and a Short% of Float of 4.40%.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.15, while EPS last year was -$0.25. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.09 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.42 and -$0.46 for the fiscal current year, implying an average EPS of -$0.44. EPS for the following year is -$0.36, with 7 analysts recommending between -$0.27 and -$0.42.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $47.92M to a low estimate of $43.69M. As of the current estimate, GrowGeneration Corp’s year-ago sales were $54.46M, an estimated decrease of -16.40% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $50.5M, a decrease of -11.10% over than the figure of -$16.40% in the same quarter last year. There is a high estimate of $53.99M for the next quarter, whereas the lowest estimate is $46.26M.
A total of 7 analysts have provided revenue estimates for GRWG’s current fiscal year. The highest revenue estimate was $224.35M, while the lowest revenue estimate was $220.12M, resulting in an average revenue estimate of $222.04M. In the same quarter a year ago, actual revenue was $278.17M, down -20.20% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $219.02M in the next fiscal year. The high estimate is $228.93M and the low estimate is $200.08M. The average revenue growth estimate for next year is down -1.40% from the average revenue estimate for this year.
