GrowGeneration Corp (NASDAQ: GRWG) is -42.43% lower on its value in year-to-date trading and has touched a low of $0.97 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 $1.03 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $0.97, the stock is -19.53% and -30.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -5.53% at the moment leaves the stock -49.45% off its SMA200. GRWG registered -54.32% loss for a year compared to 6-month loss of -49.85%. The firm has a 50-day simple moving average (SMA 50) of $1.39726 and a 200-day simple moving average (SMA200) of $1.924665.
The stock witnessed a -32.43% gain in the last 1 month and extending the period to 3 months gives it a -48.79%, and is -15.39% 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 7.94% over the week and 6.56% over the month.
GrowGeneration Corp (GRWG) has around 400 employees, a market worth around $57.64M and $200.88M in sales. Profit margin for the company is -26.62%. Distance from 52-week low is 0.44% and -71.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-30.60%).
The EPS is expected to grow by 59.35% this year
147.0 institutions hold shares in GrowGeneration Corp (GRWG), with institutional investors hold 46.38% of the company’s shares. The shares outstanding are 59.24M, and float is at 54.11M with Short Float at 5.54%. Institutions hold 42.80% 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 2.7373 and valued at over $3.57 million, while TOROSO INVESTMENTS, LLC holds 2.4718 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 Salaman Michael, the company’s President. SEC filings show that Salaman Michael bought 58,476 shares of the company’s common stock on Nov 19 ’24 at a price of $1.74 per share for a total of $0.1 million. Following the purchase, the insider now owns 1.5 million shares.
GrowGeneration Corp disclosed in a document filed with the SEC on Nov 19 ’24 that Lampert Darren (CEO) bought a total of 57,467 shares of the company’s common stock. The trade occurred on Nov 19 ’24 and was made at $1.75 per share for $0.1 million. Following the transaction, the insider now directly holds 1.6 million shares of the GRWG stock.
Still, SEC filings show that on Aug 27 ’24, ADAMS EULA L (Director) acquired 25,000 shares at an average price of $2.02 for $50500.0. The insider now directly holds 25,000 shares of GrowGeneration Corp (GRWG).
