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After finishing at $16.80 in the prior trading day, Grocery Outlet Holding Corp (NASDAQ: GO) closed at $16.19, down -3.63%. In other words, the price has decreased by -$3.63 from its previous closing price. On the day, 2.33 million shares were traded. GO stock price reached its highest trading level at $16.82 during the session, while it also had its lowest trading level at $16.025.
Ratios:
Our goal is to gain a better understanding of GO 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 23.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 206.84. For the most recent quarter (mrq), Quick Ratio is recorded 0.29 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 1.25 whereas as Long-Term Debt/Eq ratio is at 1.19.
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 this company, Telsey Advisory Group on August 07, 2024, Reiterated its Outperform rating but revised its target price to $27 from $31 previously.
On July 31, 2024, Craig Hallum Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $20.
On July 18, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $28.Wells Fargo initiated its Overweight rating on July 18, 2024, with a $28 target price.
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 Sep 19 ’24 when Lindberg Eric J. Jr. sold 200,095 shares for $16.29 per share. The transaction valued at 3,259,548 led to the insider holds 70,938 shares of the business.
Lindberg Eric J. Jr. bought 200,095 shares of GO for $3,258,586 on Sep 19 ’24. On Aug 20 ’24, another insider, Lindberg Eric J. Jr., who serves as the Director of the company, sold 100,000 shares for $18.62 each. As a result, the insider received 1,862,000 and left with 70,938 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, GO now has a Market Capitalization of 1647251584 and an Enterprise Value of 3045537280. As of this moment, Grocery’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.13, and their Forward P/E ratio for the next fiscal year is 14.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 1.31. Its current Enterprise Value per Revenue stands at 0.732 whereas that against EBITDA is 16.847.
Stock Price History:
Over the past 52 weeks, GO has reached a high of $29.98, while it has fallen to a 52-week low of $15.72. The 50-Day Moving Average of the stock is -10.59%, while the 200-Day Moving Average is calculated to be -29.94%.
Shares Statistics:
The stock has traded on average 1.99M shares per day over the past 3-months and 1961320 shares per day over the last 10 days, according to various share statistics. A total of 99.22M shares are outstanding, with a floating share count of 93.82M. Insiders hold about 4.26% of the company’s shares, while institutions hold 109.99% stake in the company. Shares short for GO as of 1726185600 were 10019888 with a Short Ratio of 5.04, compared to 1723680000 on 10401049. Therefore, it implies a Short% of Shares Outstanding of 10019888 and a Short% of Float of 10.5900005.
