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After finishing at $69.69 in the prior trading day, Scotts Miracle-Gro Company (NYSE: SMG) closed at $64.30, down -7.73%. In other words, the price has decreased by -$7.73 from its previous closing price. On the day, 1.67 million shares were traded. SMG stock price reached its highest trading level at $68.76 during the session, while it also had its lowest trading level at $62.71.
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 56.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.83.
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 May 08 ’24 when Hagedorn Partnership, L.P. sold 52,644 shares for $67.05 per share. The transaction valued at 3,529,849 led to the insider holds 13,693,368 shares of the business.
Hagedorn Partnership, L.P. sold 31,000 shares of SMG for $2,159,829 on May 07 ’24. The Director now owns 13,746,012 shares after completing the transaction at $69.67 per share. On Mar 04 ’24, another insider, Hagedorn Partnership, L.P., who serves as the Director of the company, sold 86,356 shares for $65.41 each. As a result, the insider received 5,648,846 and left with 13,777,012 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 3652182272 and an Enterprise Value of 6699181568. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07. Its current Enterprise Value per Revenue stands at 1.954 whereas that against EBITDA is 19.497.
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 -7.80%, while the 200-Day Moving Average is calculated to be 7.84%.
Shares Statistics:
The stock has traded on average 784.07K shares per day over the past 3-months and 898860 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 42.33M. Insiders hold about 25.48% of the company’s shares, while institutions hold 79.77% stake in the company. Shares short for SMG as of 1715731200 were 4335366 with a Short Ratio of 5.53, compared to 1713139200 on 4515789. Therefore, it implies a Short% of Shares Outstanding of 4335366 and a Short% of Float of 10.2.
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 0.03788205The stock’s 5-year Average Dividend Yield is 2.77.
