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The closing price of GrowGeneration Corp (NASDAQ: GRWG) was $1.78 for the day, up 1.71% from the previous closing price of $1.75. In other words, the price has increased by $1.71 from its previous closing price. On the day, 1.07 million shares were traded. GRWG stock price reached its highest trading level at $1.845 during the session, while it also had its lowest trading level at $1.68.
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 3.04 and its Current Ratio is at 5.00. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.22.
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:
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 19 ’24 when Salaman Michael bought 58,476 shares for $1.74 per share. The transaction valued at 101,748 led to the insider holds 1,503,848 shares of the business.
Lampert Darren bought 57,467 shares of GRWG for $100,567 on Nov 19 ’24. The CEO now owns 1,595,883 shares after completing the transaction at $1.75 per share. On Aug 27 ’24, another insider, ADAMS EULA L, who serves as the Director of the company, bought 25,000 shares for $2.02 each. As a result, the insider paid 50,500 and bolstered with 25,000 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 105455208 and an Enterprise Value of 89375240. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 0.445 whereas that against EBITDA is -4.062.
Stock Price History:
Over the past 52 weeks, GRWG has reached a high of $3.38, while it has fallen to a 52-week low of $1.55. The 50-Day Moving Average of the stock is -11.66%, while the 200-Day Moving Average is calculated to be -20.90%.
Shares Statistics:
GRWG traded an average of 512.87K shares per day over the past three months and 957830 shares per day over the past ten days. A total of 61.48M shares are outstanding, with a floating share count of 54.34M. Insiders hold about 8.28% of the company’s shares, while institutions hold 40.78% stake in the company. Shares short for GRWG as of 1730332800 were 3626856 with a Short Ratio of 7.07, compared to 1727654400 on 4178199. Therefore, it implies a Short% of Shares Outstanding of 3626856 and a Short% of Float of 6.5600000000000005.
