For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Scotts Miracle-Gro Company (NYSE: SMG) was $66.54 for the day, down -3.86% from the previous closing price of $69.21. In other words, the price has decreased by -$3.86 from its previous closing price. On the day, 1.03 million shares were traded. SMG stock price reached its highest trading level at $68.28 during the session, while it also had its lowest trading level at $66.41.
Ratios:
Our analysis of SMG’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 57.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.28. 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:
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 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 3772305664 and an Enterprise Value of 6684327936. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10. Its current Enterprise Value per Revenue stands at 1.949 whereas that against EBITDA is 18.739.
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 -3.84%, while the 200-Day Moving Average is calculated to be 12.80%.
Shares Statistics:
SMG traded an average of 790.15K shares per day over the past three months and 922480 shares per day over the past ten days. 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 75.52% stake in the company. Shares short for SMG as of 1713139200 were 4515789 with a Short Ratio of 5.72, 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
With its trailing 12-month dividend rate of 2.64, SMG has a forward annual dividend rate of 2.64. Against a Trailing Annual Dividend Yield of 0.03814478The stock’s 5-year Average Dividend Yield is 2.75.
