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In the latest session, Grocery Outlet Holding Corp (NASDAQ: GO) closed at $18.76 down -0.53% from its previous closing price of $18.86. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 1.3 million shares were traded. GO stock price reached its highest trading level at $19.021 during the session, while it also had its lowest trading level at $18.71.
Ratios:
For a deeper understanding of Grocery Outlet Holding Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 239.67. For the most recent quarter (mrq), Quick Ratio is recorded 0.29 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 1.25 whereas as Long-Term Debt/Eq ratio is at 1.19.
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 this company, Telsey Advisory Group on August 07, 2024, Reiterated its Outperform rating but revised its target price to $27 from $31 previously.
On July 31, 2024, Craig Hallum Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $20.
On July 18, 2024, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $28.Wells Fargo initiated its Overweight rating on July 18, 2024, with a $28 target price.
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 Aug 19 ’24 when Lindberg Eric J. Jr. bought 100,000 shares for $18.86 per share.
Lindberg Eric J. Jr. bought 100,000 shares of GO for $1,890,207 on Aug 16 ’24. On May 21 ’24, another insider, Thompson Luke D, who serves as the EVP, GC and Secretary of the company, sold 1,332 shares for $22.43 each. As a result, the insider received 29,877 and left with 32,306 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 1848098304 and an Enterprise Value of 3297372416. As of this moment, Grocery’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.91, and their Forward P/E ratio for the next fiscal year is 16.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 1.52. Its current Enterprise Value per Revenue stands at 0.793 whereas that against EBITDA is 18.241.
Stock Price History:
Over the past 52 weeks, GO has reached a high of $34.09, while it has fallen to a 52-week low of $18.16. The 50-Day Moving Average of the stock is -8.93%, while the 200-Day Moving Average is calculated to be -24.63%.
Shares Statistics:
For the past three months, GO has traded an average of 2.15M shares per day and 2137530 over the past ten days. A total of 99.22M shares are outstanding, with a floating share count of 93.82M. Insiders hold about 4.25% of the company’s shares, while institutions hold 110.05% stake in the company. Shares short for GO as of 1722384000 were 10390042 with a Short Ratio of 4.84, compared to 1719532800 on 11076921. Therefore, it implies a Short% of Shares Outstanding of 10390042 and a Short% of Float of 10.850000399999999.
