In the latest session, GrowGeneration Corp (NASDAQ: GRWG) closed at $2.90 up 1.40% from its previous closing price of $2.86. In other words, the price has increased by $+0.0400 from its previous closing price. On the day, 1418821 shares were traded.
Ratios:
For a deeper understanding of GrowGeneration Corp’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 178.36M and an Enterprise Value of 155.86M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 1.03. Its current Enterprise Value per Revenue stands at 0.69 whereas that against EBITDA is -5.24.
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 2.2741, while the 200-Day Moving Average is calculated to be 2.6993.
Shares Statistics:
For the past three months, GRWG has traded an average of 1.05M shares per day and 2.45M over the past ten days. 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 36.24% stake in the company. Shares short for GRWG as of Mar 15, 2024 were 3.83M with a Short Ratio of 3.64, 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%.
