Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of GrowGeneration Corp (NASDAQ: GRWG) closed at $1.67 in the last session, down -4.02% from day before closing price of $1.74. In other words, the price has decreased by -$4.02 from its previous closing price. On the day, 0.52 million shares were traded. GRWG stock price reached its highest trading level at $1.725 during the session, while it also had its lowest trading level at $1.65.
Ratios:
We take a closer look at GRWG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.04 and its Current Ratio is at 5.00. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.22.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 19 ’24 when Salaman Michael bought 58,476 shares for $1.74 per share. The transaction valued at 101,748 led to the insider holds 1,503,848 shares of the business.
Lampert Darren bought 57,467 shares of GRWG for $100,567 on Nov 19 ’24. The CEO now owns 1,595,883 shares after completing the transaction at $1.75 per share. On Aug 27 ’24, another insider, ADAMS EULA L, who serves as the Director of the company, bought 25,000 shares for $2.02 each. As a result, the insider paid 50,500 and bolstered with 25,000 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 98938312 and an Enterprise Value of 82858344. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 0.412 whereas that against EBITDA is -3.766.
Stock Price History:
Over the past 52 weeks, GRWG has reached a high of $3.38, while it has fallen to a 52-week low of $1.49. The 50-Day Moving Average of the stock is -9.28%, while the 200-Day Moving Average is calculated to be -23.96%.
Shares Statistics:
According to the various share statistics, GRWG traded on average about 650.58K shares per day over the past 3-months and 785090 shares per day over the past 10 days. A total of 59.24M shares are outstanding, with a floating share count of 54.11M. Insiders hold about 8.67% of the company’s shares, while institutions hold 40.92% stake in the company. Shares short for GRWG as of 1734048000 were 3505013 with a Short Ratio of 5.39, compared to 1731628800 on 3593229. Therefore, it implies a Short% of Shares Outstanding of 3505013 and a Short% of Float of 6.329999999999999.
