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The price of Grocery Outlet Holding Corp (NASDAQ: GO) closed at $19.56 in the last session, down -7.17% from day before closing price of $21.07. In other words, the price has decreased by -$7.17 from its previous closing price. On the day, 5.23 million shares were traded. GO stock price reached its highest trading level at $20.5 during the session, while it also had its lowest trading level at $19.04.
Ratios:
We take a closer look at GO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.31. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 1.14 whereas as Long-Term Debt/Eq ratio is at 1.09.
On July 18, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $28.
Telsey Advisory Group reiterated its Outperform rating for the stock on May 08, 2024, while the target price for the stock was revised from $37 to $31.
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 May 21 ’24 when Thompson Luke D sold 1,332 shares for $22.43 per share. The transaction valued at 29,877 led to the insider holds 32,306 shares of the business.
BACHMAN JOHN E. bought 10,000 shares of GO for $200,950 on May 14 ’24. The Director now owns 25,872 shares after completing the transaction at $20.09 per share. On May 10 ’24, another insider, Ragatz Erik D., who serves as the Director of the company, bought 100,000 shares for $20.91 each. As a result, the insider paid 2,090,616 and bolstered with 429,785 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 1953294720 and an Enterprise Value of 3435803904. As of this moment, Grocery’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.51, and their Forward P/E ratio for the next fiscal year is 16.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 1.60. Its current Enterprise Value per Revenue stands at 0.85 whereas that against EBITDA is 18.5.
Stock Price History:
Over the past 52 weeks, GO has reached a high of $36.54, while it has fallen to a 52-week low of $18.79. The 50-Day Moving Average of the stock is -8.45%, while the 200-Day Moving Average is calculated to be -23.09%.
Shares Statistics:
According to the various share statistics, GO traded on average about 2.25M shares per day over the past 3-months and 2577720 shares per day over the past 10 days. A total of 99.22M shares are outstanding, with a floating share count of 95.70M. Insiders hold about 4.17% of the company’s shares, while institutions hold 100.16% stake in the company. Shares short for GO as of 1721001600 were 12165317 with a Short Ratio of 5.40, compared to 1718323200 on 9516069. Therefore, it implies a Short% of Shares Outstanding of 12165317 and a Short% of Float of 12.61.
