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The closing price of Scotts Miracle-Gro Company (NYSE: SMG) was $86.55 for the day, down -0.64% from the previous closing price of $87.11. In other words, the price has decreased by -$0.64 from its previous closing price. On the day, 0.69 million shares were traded. SMG stock price reached its highest trading level at $87.4 during the session, while it also had its lowest trading level at $86.0.
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 17.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.93. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.80.
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 Aug 21 ’24 when Baxter Nathan Eric sold 2,988 shares for $70.93 per share. The transaction valued at 211,931 led to the insider holds 37,920 shares of the business.
Baxter Nathan Eric sold 928 shares of SMG for $65,490 on Aug 22 ’24. The EVP and COO now owns 36,993 shares after completing the transaction at $70.57 per share. On Aug 21 ’24, another insider, Hagedorn Partnership, L.P., who serves as the 10% Owner of the company, sold 85,130 shares for $70.93 each. As a result, the insider received 6,038,041 and left with 13,608,238 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 4949682176 and an Enterprise Value of 7419266048. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40. Its current Enterprise Value per Revenue stands at 2.112 whereas that against EBITDA is 17.23.
Stock Price History:
Over the past 52 weeks, SMG has reached a high of $88.35, while it has fallen to a 52-week low of $43.67. The 50-Day Moving Average of the stock is 18.96%, while the 200-Day Moving Average is calculated to be 29.17%.
Shares Statistics:
SMG traded an average of 819.96K shares per day over the past three months and 971260 shares per day over the past ten days. A total of 56.50M shares are outstanding, with a floating share count of 42.73M. Insiders hold about 24.80% of the company’s shares, while institutions hold 81.48% stake in the company. Shares short for SMG as of 1726185600 were 5243665 with a Short Ratio of 6.40, compared to 1723680000 on 5811168. Therefore, it implies a Short% of Shares Outstanding of 5243665 and a Short% of Float of 12.33.
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 0.03030651The stock’s 5-year Average Dividend Yield is 2.86.
