Scotts Miracle-Gro Company (NYSE: SMG) is 13.87% higher on its value in year-to-date trading and has touched a low of $43.67 and a high of $82.11 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 $70.45 in the last trading session, with the day’s gains setting it 2.14%.
Currently trading at $72.59, the stock is 3.32% and 8.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing 3.04% at the moment leaves the stock 13.70% off its SMA200. SMG registered 42.98% gain for a year compared to 6-month gain of 26.46%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 7.96% loss in the last 1 month and extending the period to 3 months gives it a 4.54%, and is 2.51% up 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 3.02% over the week and 4.30% over the month.
Scotts Miracle-Gro Company (SMG) has around 5500 employees, a market worth around $4.12B and $3.51B in sales. Fwd P/E is 19.24. Profit margin for the company is -7.38%. Distance from 52-week low is 66.22% and -11.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.30%).
Scotts Miracle-Gro Company quarterly earnings per share for the current quarter are estimated at -1.95 with sales reaching $399.78M over the same period.The EPS is expected to grow by 114.90% this year, but quarterly earnings will post -0.30% year-over-year. Quarterly sales are estimated to grow 6.80% in year-over-year returns.
566.0 institutions hold shares in Scotts Miracle-Gro Company (SMG), with institutional investors hold 111.35% of the company’s shares. The shares outstanding are 56.50M, and float is at 42.42M with Short Float at 14.92%. Institutions hold 83.31% of the Float.
The top institutional shareholder in the company is KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC with over 5.15 million shares valued at $$384.32 million. The investor’s holdings represent 9.0712 of the SMG Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 4.41 million shares valued at $$328.86 million to account for 7.7621 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.97 million shares representing 6.9924 and valued at over $$296.25 million, while EARNEST PARTNERS LLC holds 5.4809 of the shares totaling 3.11 million with a market value of $$232.21 million.
Scotts Miracle-Gro Company (SMG) Insider Activity
The most recent transaction is an insider sale by Johnson Stephen L, the company’s Director. SEC filings show that Johnson Stephen L sold 960 shares of the company’s common stock on Aug 01 ’24 at a price of $77.95 per share for a total of $74829.0. Following the sale, the insider now owns 22940.0 shares.
Still, SEC filings show that on May 08 ’24, Hagedorn Partnership, L.P. (Director) disposed off 52,644 shares at an average price of $67.05 for $3.53 million. The insider now directly holds 13,693,368 shares of Scotts Miracle-Gro Company (SMG).
