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In the latest session, Scotts Miracle-Gro Company (NYSE: SMG) closed at $62.03 down -2.39% from its previous closing price of $63.55. In other words, the price has decreased by -$2.39 from its previous closing price. On the day, 1.08 million shares were traded. SMG stock price reached its highest trading level at $63.785 during the session, while it also had its lowest trading level at $61.86.
Ratios:
For a deeper understanding of Scotts Miracle-Gro Company’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 54.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.66. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.83.
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:
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 May 08 ’24 when Hagedorn Partnership, L.P. sold 52,644 shares for $67.05 per share. The transaction valued at 3,529,849 led to the insider holds 13,693,368 shares of the business.
Hagedorn Partnership, L.P. sold 31,000 shares of SMG for $2,159,829 on May 07 ’24. The Director now owns 13,746,012 shares after completing the transaction at $69.67 per share. On Mar 04 ’24, another insider, Hagedorn Partnership, L.P., who serves as the Director of the company, sold 86,356 shares for $65.41 each. As a result, the insider received 5,648,846 and left with 13,777,012 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 3523248128 and an Enterprise Value of 6656582144. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.03. Its current Enterprise Value per Revenue stands at 1.941 whereas that against EBITDA is 19.373.
Stock Price History:
The Beta on a monthly basis for SMG is 1.75, which has changed by -0.033900857 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, SMG has reached a high of $77.95, while it has fallen to a 52-week low of $43.67. The 50-Day Moving Average of the stock is -6.69%, while the 200-Day Moving Average is calculated to be 1.08%.
Shares Statistics:
For the past three months, SMG has traded an average of 866.59K shares per day and 830390 over the past ten days. A total of 56.50M shares are outstanding, with a floating share count of 42.40M. Insiders hold about 25.34% of the company’s shares, while institutions hold 79.61% stake in the company. Shares short for SMG as of 1719532800 were 6257050 with a Short Ratio of 7.22, compared to 1717113600 on 5161090. Therefore, it implies a Short% of Shares Outstanding of 6257050 and a Short% of Float of 14.719999999999999.
Dividends & Splits
According to the company, the forward annual dividend rate for SMG is 2.64, from 2.64 in the trailing year. Against a Trailing Annual Dividend Yield of 0.041542094The stock’s 5-year Average Dividend Yield is 2.8.
