Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $68.52 in the prior trading day, Scotts Miracle-Gro Company (NYSE: SMG) closed at $67.66, down -1.26%. In other words, the price has decreased by -$1.26 from its previous closing price. On the day, 0.64 million shares were traded. SMG stock price reached its highest trading level at $68.27 during the session, while it also had its lowest trading level at $66.695.
Ratios:
Our goal is to gain a better understanding of SMG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 368.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.40. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 2.20.
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, Truist on April 05, 2024, Downgraded its rating to Hold and sets its target price to $75 from $65 previously.
Stifel Downgraded its Buy to Hold on July 13, 2023, whereas the target price for the stock was revised from $78 to $72.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when Hagedorn Partnership, L.P. sold 86,356 shares for $65.41 per share. The transaction valued at 5,648,846 led to the insider holds 13,777,012 shares of the business.
Hagedorn Partnership, L.P. sold 15,000 shares of SMG for $876,000 on Feb 23 ’24. The 10% Owner now owns 13,881,368 shares after completing the transaction at $58.40 per share. On Feb 20 ’24, another insider, Johnson Stephen L, who serves as the Director of the company, sold 1,394 shares for $57.35 each. As a result, the insider received 79,940 and left with 22,918 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, SMG now has a Market Capitalization of 3835801344 and an Enterprise Value of 7147701760. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.12. Its current Enterprise Value per Revenue stands at 2.081 whereas that against EBITDA is 20.416.
Stock Price History:
Over the past 52 weeks, SMG has reached a high of $77.95, while it has fallen to a 52-week low of $43.67. The 50-Day Moving Average of the stock is 0.64%, while the 200-Day Moving Average is calculated to be 14.72%.
Shares Statistics:
The stock has traded on average 772.57K shares per day over the past 3-months and 482950 shares per day over the last 10 days, according to various share statistics. A total of 56.50M shares are outstanding, with a floating share count of 42.25M. Insiders hold about 25.48% of the company’s shares, while institutions hold 75.38% stake in the company. Shares short for SMG as of 1713139200 were 4515789 with a Short Ratio of 5.85, compared to 1710460800 on 4451671. Therefore, it implies a Short% of Shares Outstanding of 4515789 and a Short% of Float of 10.65.
Dividends & Splits
In the trailing 12 months, SMG’s forward annual dividend rate was 2.64, compared to 2.64 this year. Against a Trailing Annual Dividend Yield of 0.0385289The stock’s 5-year Average Dividend Yield is 2.72.
