Scotts Miracle-Gro Company (NYSE: SMG) is 7.04% higher on its value in year-to-date trading and has touched a low of $43.67 and a high of $77.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SMG stock was last observed hovering at around $68.54 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $68.24, the stock is -2.81% and 0.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.74 million and changing -0.44% at the moment leaves the stock 15.79% off its SMA200. SMG registered -3.18% loss for a year compared to 6-month gain of 51.14%.
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The stock witnessed a -5.65% loss in the last 1 month and extending the period to 3 months gives it a 21.29%, and is -0.41% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.70% over the week and 3.40% over the month.
Scotts Miracle-Gro Company (SMG) has around 5500 employees, a market worth around $3.87B and $3.44B in sales. Fwd P/E is 17.06. Profit margin for the company is -11.52%. Distance from 52-week low is 56.26% and -12.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.05%).
The EPS is expected to grow by 129.35% this year
The shares outstanding are 56.50M, and float is at 42.25M with Short Float at 10.69%.
Scotts Miracle-Gro Company (SMG) Insider Activity
The most recent transaction is an insider sale by Hagedorn Partnership, L.P., the company’s Director. SEC filings show that Hagedorn Partnership, L.P. sold 86,356 shares of the company’s common stock on Mar 04 ’24 at a price of $65.41 per share for a total of $5.65 million. Following the sale, the insider now owns 13.78 million shares.
Scotts Miracle-Gro Company disclosed in a document filed with the SEC on Feb 23 ’24 that Hagedorn Partnership, L.P. (10% Owner) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $58.40 per share for $0.88 million. Following the transaction, the insider now directly holds 13.88 million shares of the SMG stock.
Still, SEC filings show that on Feb 20 ’24, Johnson Stephen L (Director) disposed off 1,394 shares at an average price of $57.35 for $79940.0. The insider now directly holds 22,918 shares of Scotts Miracle-Gro Company (SMG).
