GrowGeneration Corp (NASDAQ: GRWG) is -25.50% lower on its value in year-to-date trading and has touched a low of $1.70 and a high of $3.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GRWG stock was last observed hovering at around $1.73 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $1.87, the stock is -7.96% and -7.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 8.09% at the moment leaves the stock -17.44% off its SMA200. GRWG registered -4.10% loss for a year compared to 6-month loss of -32.25%. The firm has a 50-day simple moving average (SMA 50) of $2.0329 and a 200-day simple moving average (SMA200) of $2.267775.
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The stock witnessed a -8.33% gain in the last 1 month and extending the period to 3 months gives it a -9.22%, and is -1.06% 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 6.68% over the week and 5.86% over the month.
GrowGeneration Corp (GRWG) has around 400 employees, a market worth around $110.65M and $200.88M in sales. Profit margin for the company is -24.59%. Distance from 52-week low is 10.32% and -44.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.26%).
GrowGeneration Corp quarterly earnings per share for the current quarter are estimated at -0.18 with sales reaching $42.17M over the same period.The EPS is expected to grow by 24.87% this year, but quarterly earnings will post -14.61% year-over-year. Quarterly sales are estimated to shrink -14.73% in year-over-year returns.
162.0 institutions hold shares in GrowGeneration Corp (GRWG), with institutional investors hold 53.70% of the company’s shares. The shares outstanding are 61.48M, and float is at 54.27M with Short Float at 6.68%. Institutions hold 49.77% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.24 million shares valued at $9.12 million. The investor’s holdings represent 6.9003 of the GRWG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.05 million shares valued at $6.56 million to account for 4.9623 of the shares outstanding. The other top investors are AWM INVESTMENT COMPANY, INC. which holds 1.66 million shares representing 2.7009 and valued at over $3.57 million, while TOROSO INVESTMENTS, LLC holds 2.4389 of the shares totaling 1.5 million with a market value of $3.22 million.
GrowGeneration Corp (GRWG) Insider Activity
The most recent transaction is an insider purchase by ADAMS EULA L, the company’s Director. SEC filings show that ADAMS EULA L bought 25,000 shares of the company’s common stock on Aug 27 ’24 at a price of $2.02 per share for a total of $50500.0. Following the purchase, the insider now owns 25000.0 shares.
GrowGeneration Corp disclosed in a document filed with the SEC on Aug 15 ’24 that Aiello Stephen (Director) bought a total of 48,916 shares of the company’s common stock. The trade occurred on Aug 15 ’24 and was made at $2.03 per share for $99299.0. Following the transaction, the insider now directly holds 0.49 million shares of the GRWG stock.
Still, SEC filings show that on Aug 14 ’24, Aiello Stephen (Director) acquired 51,084 shares at an average price of $1.91 for $97570.0. The insider now directly holds 446,061 shares of GrowGeneration Corp (GRWG).
