In the latest trading session,, 0.58 million GrowGeneration Corp (NASDAQ:GRWG) shares changed hands as the company’s beta touched 3.05. With the company’s most recent per share price at $1.88 changing hands around $0.15 or 8.38% at last look, the market valuation stands at $110.95M. GRWG’s current price is a discount, trading about -79.79% off its 52-week high of $3.38. The share price had its 52-week low at $1.70, which suggests the last value was 9.57% up since then. When we look at GrowGeneration Corp’s average trading volume, we note the 10-day average is 0.71 million shares, with the 3-month average coming to 499.43K.
Analysts gave the GrowGeneration Corp (GRWG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 1 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended GRWG as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. GrowGeneration Corp’s EPS for the current quarter is expected to be -0.11.
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GrowGeneration Corp (NASDAQ:GRWG) trade information
Instantly GRWG is in green as seen in intraday trades today. With action -0.79%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -25.30%, with the 5-day performance at -0.79% in the red. However, in the 30-day time frame, GrowGeneration Corp (NASDAQ:GRWG) is -8.09% down. Looking at the short shares, we see there were 3.63 million shares sold at short interest cover period of 9.44 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 53.0% from its recent market value. According to analyst projections, GRWG’s forecast low is 3.5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -165.96% plunge from its current level, while the stock would need to soar -86.17% for it to hit the projected low.
GrowGeneration Corp (GRWG) estimates and forecasts
Data shows that the GrowGeneration Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -32.07% over the past 6 months, a 6.00% in annual growth rate that is considerably higher than the industry average of -0.20%. Year-over-year growth is forecast to reach -14.90% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 47.56M. 5 analysts are of the opinion that GrowGeneration Corp’s revenue for the current quarter will be 42.21M. The estimates for the next quarter sales put growth at -14.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -28.61%. The 2024 estimates are for GrowGeneration Corp earnings to increase by 28.95%, but the outlook for the next 5-year period is at 20.00% per year.
GRWG Dividends
GrowGeneration Corp is expected to release its next quarterly earnings report on 2024-Nov-12.
GrowGeneration Corp (NASDAQ:GRWG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.32% of GrowGeneration Corp shares while 49.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 53.70%. There are 49.77% institutions holding the GrowGeneration Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 6.9003% of the shares, roughly 4.24 million GRWG shares worth $9.12 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.9623% or 3.05 million shares worth $6.56 million as of 2024-06-30.
