In today’s recent session, 0.51 million shares of the GrowGeneration Corp (NASDAQ:GRWG) have been traded, and its beta is 3.13. Most recently the company’s share price was $2.00, and it changed around -$0.23 or -10.31% from the last close, which brings the market valuation of the company to $118.35M. GRWG at last check was trading at a discount to its 52-week high of $3.78, offering almost -89.0% off that amount. The share price’s 52-week low was $1.77, which indicates that the recent value has risen by an impressive 11.5% since then. We note from GrowGeneration Corp’s average daily trading volume that its 10-day average is 0.56 million shares, with the 3-month average coming to 522.77K.
GrowGeneration Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended GRWG as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. GrowGeneration Corp is expected to report earnings per share of -0.1 for the current quarter.
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GrowGeneration Corp (NASDAQ:GRWG) trade information
Instantly GRWG has been showing red trend so far today with a performance of -10.31% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.33 on recent trading dayincreased the stock’s daily price by 14.16%. The company’s shares are currently down -20.31% year-to-date, but still down -9.09% over the last five days. On the other hand, GrowGeneration Corp (NASDAQ:GRWG) is -13.42% down in the 30-day period. We can see from the shorts that 4.4 million shares have been sold at a short interest cover period of 8.62 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 50.0% 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 fallen -6.97 percent over the past six months and at a 20.00% annual growth rate that is well above the industry average of 19.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 16.70% in revenue this quarter, and will report an increase of 77.30% in the next quarter. The year-over-year growth rate is expected to be -14.90%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 47.48M in revenue for the current quarter. 4 analysts expect GrowGeneration Corp to make 41.88M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -15.30%.
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 43.16% in 2024, but the outlook is positive 20.00% per year for the next five years.
GRWG Dividends
GrowGeneration Corp’s next quarterly earnings report is expected to be released in September.
GrowGeneration Corp (NASDAQ:GRWG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.32% of GrowGeneration Corp shares, and 49.88% of them are in the hands of institutional investors. The stock currently has a share float of 53.83%. GrowGeneration Corp stock is held by 165.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 6.9003% of the shares, which is about 4.24 million shares worth $9.12 million.
VANGUARD GROUP INC, with 4.9623% or 3.05 million shares worth $6.56 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
