During the last session, GrowGeneration Corp (NASDAQ:GRWG)’s traded shares were 0.38 million, with the beta value of the company hitting 3.14. At the end of the trading day, the stock’s price was $2.05, reflecting an intraday gain of 3.54% or $0.07. The 52-week high for the GRWG share is $3.38, that puts it down -64.88 from that peak though still a striking 13.66% gain since the share price plummeted to a 52-week low of $1.77. The company’s market capitalization is $121.30M, and the average intraday trading volume over the past 10 days was 0.42 million shares, and the average trade volume was 524.48K shares over the past three months.
GrowGeneration Corp (GRWG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.20. GRWG has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it.
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GrowGeneration Corp (NASDAQ:GRWG) trade information
GrowGeneration Corp (GRWG) registered a 3.54% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 3.54% in intraday trading to $2.05, hitting a weekly high. The stock’s 5-day price performance is -0.97%, and it has moved by 3.02% in 30 days. Based on these gigs, the overall price performance for the year is -25.18%. The short interest in GrowGeneration Corp (NASDAQ:GRWG) is 4.18 million shares and it means that shorts have 9.6 day(s) to cover.
The consensus price target of analysts on Wall Street is $4, which implies an increase of 48.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $5 respectively. As a result, GRWG is trading at a discount of -143.9% off the target high and -70.73% off the low.
GrowGeneration Corp (GRWG) estimates and forecasts
Statistics show that GrowGeneration Corp has underperformed its competitors in share price, compared to the industry in which it operates. GrowGeneration Corp (GRWG) shares have gone down -13.87% during the last six months, with a year-to-date growth rate less than the industry average at 10.00% against 17.30.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -28.61%. While earnings are projected to return 40.79% in 2024, the next five years will return 20.00% per annum.
GRWG Dividends
GrowGeneration Corp is due to release its next quarterly earnings on 2024-Nov-06. 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 7.32% of total outstanding shares while institutional holders control 49.88%, with the float percentage being 53.82%. BLACKROCK INC. is the largest shareholder of the company, while 162.0 institutions own stock in it. As of 2024-06-30, the company held over 4.24 million shares (or 6.9003% of all shares), a total value of $9.12 million in shares.
The next largest institutional holding, with 3.05 million shares, is of VANGUARD GROUP INC’s that is approximately 4.9623% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $6.56 million.
