During the last session, GrowGeneration Corp (NASDAQ:GRWG)’s traded shares were 0.68 million, with the beta value of the company hitting 3.08. At the end of the trading day, the stock’s price was $1.86, reflecting an intraday gain of 0.54% or $0.01. The 52-week high for the GRWG share is $3.38, that puts it down -81.72 from that peak though still a striking 16.67% gain since the share price plummeted to a 52-week low of $1.55. The company’s market capitalization is $110.19M, and the average intraday trading volume over the past 10 days was 0.94 million shares, and the average trade volume was 538.04K shares over the past three months.
GrowGeneration Corp (GRWG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.
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GrowGeneration Corp (NASDAQ:GRWG) trade information
GrowGeneration Corp (GRWG) registered a 0.54% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.54% in intraday trading to $1.86, hitting a weekly high. The stock’s 5-day price performance is 10.71%, and it has moved by -10.58% in 30 days. Based on these gigs, the overall price performance for the year is -30.60%. The short interest in GrowGeneration Corp (NASDAQ:GRWG) is 3.63 million shares and it means that shorts have 9.44 day(s) to cover.
The consensus price target of analysts on Wall Street is $4, which implies an increase of 53.5% 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 -168.82% off the target high and -88.17% 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 -26.19% during the last six months, with a year-to-date growth rate less than the industry average at -6.00% against -1.90. In the rating firms’ projections, revenue will decrease -14.46% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 42.37M as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 43.12M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 49.45M and 47.89M respectively. In this case, analysts expect current quarter sales to shrink by -14.33% and then drop by -9.97% in the coming quarter.
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 24.87% in 2024, the next five years will return 20.00% per annum.
GRWG Dividends
GrowGeneration Corp is due to release its next quarterly earnings in December. 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 7.51% of total outstanding shares while institutional holders control 49.43%, with the float percentage being 53.44%. BLACKROCK INC. is the largest shareholder of the company, while 163.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of GrowGeneration Corp (GRWG) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.76 shares. This amounts to just over 4.79 percent of the company’s overall shares, with a $3.27 million market value. The same data shows that the other fund manager holds slightly less at 1.48, or about 4.05% of the stock, which is worth about $2.76 million.
