Why GrowGeneration Corp (NASDAQ: GRWG) Stock Should Not Be Discarded By Investors In 2024

In the last trading session, 1.21 million shares of the GrowGeneration Corp (NASDAQ:GRWG) were traded, and its beta was 3.07. Most recently the company’s share price was $2.26, and it changed around $0.15 or 7.11% from the last close, which brings the market valuation of the company to $138.99M. GRWG currently trades at a discount to its 52-week high of $5.00, offering almost -121.24% off that amount. The share price’s 52-week low was $1.77, which indicates that the current value has risen by an impressive 21.68% since then. We note from GrowGeneration Corp’s average daily trading volume that its 3-month average coming to 1.16 million.

GrowGeneration Corp (NASDAQ:GRWG) trade information

Instantly GRWG has showed a green trend with a performance of 7.11% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -9.96% year-to-date, but still down -0.88% over the last five days. On the other hand, GrowGeneration Corp (NASDAQ:GRWG) is 11.88% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $4.25, which translates to bulls needing to increase their stock price by 46.82% from its current value. Analyst projections state that GRWG is forecast to be at a low of $3.5 and a high of $5.

GrowGeneration Corp (GRWG) estimates and forecasts

GrowGeneration Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 1.35 percent over the past six months and at a 36.00% annual growth rate that is well above the industry average of -3.40%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -28.61%. GrowGeneration Corp earnings are expected to increase by 55.64% in 2024, but the outlook is positive 20.00% per year for the next five years.