In last trading session, GrowGeneration Corp. (NASDAQ:GRWG) saw 1,595,568 shares changing hands with its beta currently measuring 2.4. Company’s recent per share price level of $17.32 trading at -$0.12 or -0.69% at ring of the bell on the day assigns it a market valuation of $825.78 Million. That closing price of GRWG’s stock is at a discount of -32.1% from its 52-week high price of $22.88 and is indicating a premium of 84.87% from its 52-week low price of $2.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.26 Million shares which gives us an average trading volume of 5.66 Million if we extend that period to 3-months.
For GrowGeneration Corp. (GRWG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.6. Splitting up the data highlights that, out of 8 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 8 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.06 in the current quarter.
GrowGeneration Corp. (NASDAQ:GRWG) trade information
In the face of being in the red today for losing -0.69%, in the last five days GRWG remained trading in the green while hitting it’s week-highest on Monday, Oct 12 when the stock touched $19.34- price level, adding 10.44% to its value on the day. GrowGeneration Corp.’s shares saw a change of 322.44% in year-to-date performance and have moved -3.19% in past 5-day. GrowGeneration Corp. (NASDAQ:GRWG) showed a performance of 11.53% in past 30-days. Number of shares sold short was 5.33 Million shares which calculate 0.94 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $20.25 to the stock, which implies a rise of 16.92% to its current value. Analysts have been projecting $14 as a low price target for the stock while placing it at a high target of $25. It follows that stock’s current price would jump +44.34% in reaching the projected high whereas dropping to the targeted low would mean a loss of -19.17% for stock’s current value.
GrowGeneration Corp. (GRWG) estimates and forecasts
Statistics highlight that GrowGeneration Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +311.4% of value to its shares in past 6 months, showing an annual growth rate of 50% while that of industry is -1.2. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 100% in the current quarter and calculating 700% increase in the next quarter. This year revenue growth is estimated to rise 117% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $47.07 Million for the same. And 7 analysts are in estimates of company making revenue of $49.49 Million in the next quarter that will end in December 01, 2020. Company posted $21.78 Million and $25.39 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 116.1% while estimating it to be 95% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 36.1% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 122.2% while estimates for its earnings growth in next 5 years are of 20%
GrowGeneration Corp. (NASDAQ:GRWG)’s Major holders
Insiders are in possession of 11.32% of company’s total shares while institution are holding 31.77% percent of that, with stock having share float percentage of 35.83%. Investors also watch the number of corporate investors in a company very closely, which is 41 institutions for GrowGeneration Corp. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at GRWG for having 1.95 Million shares of worth $13.32 Million. And as of June 29, 2020, it was holding 5.31% of the company’s outstanding shares.
The second largest institutional holder is Driehaus Capital Management, LLC, which was holding about 1.66 Million shares on June 29, 2020. The number of shares represents firm’s hold over 4.53% of outstanding shares, having a total worth of $11.37 Million.
On the other hand, Federated Hermes Kaufmann Small Cap Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of July 30, 2020, the former fund manager was holding 1461974 shares of worth $12.34 Million or 3.99% of the total outstanding shares. The later fund manager was in possession of 747.4 Thousand shares on June 29, 2020, making its stake of worth around $5.11 Million in the company or a holder of 2.04% of company’s stock.