How To Know If GrowGeneration Corp (NASDAQ:GRWG) Is Expensive At $2.31.

In last trading session, GrowGeneration Corp (NASDAQ:GRWG) saw 0.61 million shares changing hands with its beta currently measuring 3.01. Company’s recent per share price level of $2.31 trading at $0.01 or 0.43% at ring of the bell on the day assigns it a market valuation of $141.63M. That closing price of GRWG’s stock is at a discount of -123.81% from its 52-week high price of $5.17 and is indicating a premium of 23.38% from its 52-week low price of $1.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.62 million shares which gives us an average trading volume of 866.50K if we extend that period to 3-months.

GrowGeneration Corp (NASDAQ:GRWG) trade information

Upright in the green during last session for gaining 0.43%, in the last five days GRWG remained trading in the red while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $2.31 price level, adding 3.35% to its value on the day. GrowGeneration Corp’s shares saw a change of -7.97% in year-to-date performance and have moved -3.75% in past 5-day. GrowGeneration Corp (NASDAQ:GRWG) showed a performance of -6.85% in past 30-days. Number of shares sold short was 2.61 million shares which calculate 2.85 days to cover the short interests.

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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 lost -21.56% of value to its shares in past 6 months, showing an annual growth rate of 83.64% while that of industry is 7.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 48.00% in the current quarter and calculating -10.00% decrease in the next quarter. This year revenue growth is estimated to fall -20.20% 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 $45.52 million for the same. And 6 analysts are in estimates of company making revenue of $50.5 million in the next quarter that will end on Mar 2024. Company posted $54.46 million and $56.83 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -16.40% while estimating it to be -11.10% 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 -71.78% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 83.47% while estimates for its earnings growth in next 5 years are of 20.00%.

GRWG Dividends

GrowGeneration Corp is more likely to be releasing its next quarterly report between March 13 and March 18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

GrowGeneration Corp (NASDAQ:GRWG)’s Major holders

Insiders are in possession of 4.26% of company’s total shares while institution are holding 46.92 percent of that, with stock having share float percentage of 49.01%. Investors also watch the number of corporate investors in a company very closely, which is 46.92% institutions for GrowGeneration Corp that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at GRWG for having 4.33 million shares of worth $14.73 million. And as of Jun 29, 2023, it was holding 11.82% of the company’s outstanding shares.

The second largest institutional holder is ETF Managers Group, LLC, which was holding about 4.09 million shares on Mar 30, 2023. The number of shares represents firm’s hold over 11.16% of outstanding shares, having a total worth of $13.99 million.

On the other hand, ETF Managers Tr-EFTMG U.S. Alternative Harvest ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 2.57 million shares of worth $8.75 million or 7.02% of the total outstanding shares. The later fund manager was in possession of 1.75 million shares on Jun 29, 2023, making its stake of worth around $5.96 million in the company or a holder of 4.78% of company’s stock.

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