Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $2.78 in the prior trading day, GrowGeneration Corp (NASDAQ: GRWG) closed at $2.76, down -0.72%. In other words, the price has decreased by -$0.72 from its previous closing price. On the day, 0.7 million shares were traded. GRWG stock price reached its highest trading level at $2.89 during the session, while it also had its lowest trading level at $2.74.
Ratios:
Our goal is to gain a better understanding of GRWG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.67 and its Current Ratio is at 4.77. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.20.
On May 10, 2023, Craig Hallum Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $4.25 to $4.75.
Alliance Global Partners Downgraded its Buy to Neutral on August 05, 2022, whereas the target price for the stock was revised from $7 to $4.50.
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 Nov 15 ’23 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 ’23. The CEO now owns 1,333,120 shares after completing the transaction at $2.36 per share. On Nov 14 ’23, 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 169764016 and an Enterprise Value of 147251184. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 0.652 whereas that against EBITDA is -8.377.
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 16.54%, while the 200-Day Moving Average is calculated to be 6.07%.
Shares Statistics:
The stock has traded on average 1.36M shares per day over the past 3-months and 1779900 shares per day over the last 10 days, according to various share statistics. A total of 61.48M shares are outstanding, with a floating share count of 57.15M. Insiders hold about 7.08% of the company’s shares, while institutions hold 36.45% stake in the company. Shares short for GRWG as of 1713139200 were 4223991 with a Short Ratio of 3.10, compared to 1710460800 on 3830902. Therefore, it implies a Short% of Shares Outstanding of 4223991 and a Short% of Float of 7.140000000000001.
