GrowGeneration Corp (NASDAQ: GRWG) closed the day trading at $2.83 up 1.07% from the previous closing price of $2.80. On the day, 1175282 shares were traded.
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Ratios:
For a better understanding of GRWG, let’s 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 174.06M and an Enterprise Value of 151.56M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.77 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 0.67 whereas that against EBITDA is -5.09.
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 2.3109, while the 200-Day Moving Average is calculated to be 2.7135.
Shares Statistics:
Over the past 3-months, GRWG traded about 1.14M shares per day on average, while over the past 10 days, GRWG traded about 2.7M shares per day. A total of 61.48M shares are outstanding, with a floating share count of 57.14M. Insiders hold about 7.10% of the company’s shares, while institutions hold 36.25% stake in the company. Shares short for GRWG as of Mar 15, 2024 were 3.83M with a Short Ratio of 3.37, compared to 2.99M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.23% and a Short% of Float of 6.47%.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.09 and a low estimate of -$0.14, while EPS last year was -$0.1. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.04 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.26 and -$0.43 for the fiscal current year, implying an average EPS of -$0.33. EPS for the following year is -$0.22, with 4 analysts recommending between -$0.17 and -$0.26.
Revenue Estimates
6 analysts predict $46.85M in revenue for the current quarter. It ranges from a high estimate of $48M to a low estimate of $46.26M. As of the current estimate, GrowGeneration Corp’s year-ago sales were $56.83M, an estimated decrease of -17.60% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $55.55M, a decrease of -13.10% over than the figure of -$17.60% in the same quarter last year. There is a high estimate of $59.57M for the next quarter, whereas the lowest estimate is $48.38M.
A total of 6 analysts have provided revenue estimates for GRWG’s current fiscal year. The highest revenue estimate was $214M, while the lowest revenue estimate was $205.08M, resulting in an average revenue estimate of $208.84M. In the same quarter a year ago, actual revenue was $225.88M, down -7.50% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $221.86M in the next fiscal year. The high estimate is $236M and the low estimate is $216.72M. The average revenue growth estimate for next year is up 6.20% from the average revenue estimate for this year.
