During the last session, GrowGeneration Corp. (NASDAQ:GRWG)’s traded shares were 1.03 million, with the beta value of the company hitting 2.94. At the end of the trading day, the stock’s price was $41.69, reflecting an intraday gain of 4.59% or $1.83. The 52-week high for the GRWG share is $67.75, that puts it down -62.51 from that peak though still a striking 83.14% gain since the share price plummeted to a 52-week low of $7.03. The company’s market capitalization is $2.56B, and the average trade volume was 1.59 million shares over the past three months.
GrowGeneration Corp. (GRWG) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.60. GRWG has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.12.
GrowGeneration Corp. (NASDAQ:GRWG) trade information
GrowGeneration Corp. (GRWG) registered a 4.59% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.59% in intraday trading to $41.69 this Wednesday, 07/21/21, hitting a weekly high. The stock’s 5-day price performance is 2.51%, and it has moved by 1.39% in 30 days. Based on these gigs, the overall price performance for the year is 431.76%.
The consensus price target of analysts on Wall Street is $59.88, which implies an increase of 30.38% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $45.00 and $77.00 respectively. As a result, GRWG is trading at a discount of -84.7% off the target high and -7.94% off the low.
GrowGeneration Corp. (GRWG) estimates and forecasts
Statistics show that GrowGeneration Corp. has outperformed its competitors in share price, compared to the industry in which it operates. GrowGeneration Corp. (GRWG) shares have gone down -16.92% during the last six months, with a year-to-date growth rate more than the industry average at 363.64% against 22.50. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 100.00% this quarter and then jump 150.00% in the quarter after that. In the rating firms’ projections, revenue will increase 137.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $111.69 million as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $124.42 million by the end of Sep 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $36.61 million and $55.01 million respectively. In this case, analysts expect current quarter sales to grow by 205.10% and then jump by 126.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 33.80%. While earnings are projected to return 194.30% in 2021, the next five years will return 20.00% per annum.
GrowGeneration Corp. is due to release its next quarterly earnings between August 11 and August 16. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
GrowGeneration Corp. (NASDAQ:GRWG)’s Major holders
GrowGeneration Corp. insiders own 7.42% of total outstanding shares while institutional holders control 53.71%, with the float percentage being 58.02%. Blackrock Inc. is the largest shareholder of the company, while 302 institutions own stock in it. As of Mar 30, 2021, the company held over 3.05 million shares (or 8.31% of all shares), a total value of $151.37 million in shares.
The next largest institutional holding, with 2.26 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 6.17% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $112.45 million.
Also, the Mutual Funds coming in first place with the largest holdings of GrowGeneration Corp. (GRWG) shares are ETF Managers Tr-EFTMG Alternative Harvest ETF and Federated Hermes Kaufmann Small Cap Fund. Data provided on Jun 29, 2021 indicates that ETF Managers Tr-EFTMG Alternative Harvest ETF owns about 3.23 million shares. This amounts to just over 8.80 percent of the company’s overall shares, with a $155.13 million market value. The same data shows that the other fund manager holds slightly less at 1.27 million, or about 3.48% of the stock, which is worth about $55.59 million.