GrowGeneration Corp (NASDAQ:GRWG)’s traded shares stood at 2.05 million during the last session, with the company’s beta value hitting 3.00. At the close of trading, the stock’s price was $2.86, to imply a decrease of -6.23% or -$0.19 in intraday trading. The GRWG share’s 52-week high remains $5.00, putting it -74.83% down since that peak but still an impressive 38.11% since price per share fell to its 52-week low of $1.77. The company has a valuation of $175.89M, with an average of 2.41 million shares in intraday trading volume over the past 10 days and average of 1.03 million shares over the past 3 months.
GrowGeneration Corp (NASDAQ:GRWG) trade information
After registering a -6.23% downside in the last session, GrowGeneration Corp (GRWG) has traded red over the past five days. The stock hit a weekly high of 3.18, dropping -6.23% in its intraday price action. The 5-day price performance for the stock is 41.58%, and 38.83% over 30 days. With these gigs, the year-to-date price performance is 13.94%. Short interest in GrowGeneration Corp (NASDAQ:GRWG) saw shorts transact 3.83 million shares and set a 5.03 days time to cover.
GrowGeneration Corp (GRWG) estimates and forecasts
Looking at statistics comparing GrowGeneration Corp share performance against respective industry, we note that the company has outperformed competitors. GrowGeneration Corp (GRWG) shares are -1.04% down over the last 6 months, with its year-to-date growth rate higher than industry average at 36.00% against 15.60%. Revenue is forecast to shrink -10.00% this quarter before jumping 22.20% for the next one. The rating firms project that company’s revenue will shrink -7.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is $46.85 million. Meanwhile, for the quarter ending Jun 2024, a total of 7 analyst(s) estimate revenue growth to $55.55 million.Earnings reports from the last fiscal year show that sales brought in $56.83 million and $63.92 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -17.60% before dropping -13.10% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -28.61% for the past 5-year period. While 2024 is set for a 55.64% return in earnings, projections for the next 5 years are at 20.00% annually.
GRWG Dividends
GrowGeneration Corp has its next earnings report out between May 07 and May 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. GrowGeneration Corp has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
GrowGeneration Corp (NASDAQ:GRWG)’s Major holders
GrowGeneration Corp insiders hold 5.95% of total outstanding shares, with institutional holders owning 47.81% of the shares at 50.84% float percentage. In total, 47.81% institutions holds shares in the company, led by Blackrock Inc.. As of Jun 29, 2023, the company held over 4.33 million shares (or 11.82% of shares), all amounting to roughly $14.73 million.
The next major institution holding the largest number of shares is ETF Managers Group, LLC with 4.09 million shares, or about 11.16% of shares outstanding. As of the market price on Mar 30, 2023, these shares were worth $13.99 million.
We also have ETF Managers Tr-EFTMG U.S. Alternative Harvest ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the GrowGeneration Corp (GRWG) shares. Going by data provided on Jun 29, 2023, ETF Managers Tr-EFTMG U.S. Alternative Harvest ETF holds roughly 2.57 million shares. This is just over 7.02% of the total shares, with a market valuation of $8.75 million. Data from the same date shows that the other fund manager holds a little less at 1.75 million, or 4.78% of the shares, all valued at about 5.96 million.
