GrowGeneration Corp (NASDAQ:GRWG)’s traded shares stood at 0.42 million during the last session, with the company’s beta value hitting 3.08. At the close of trading, the stock’s price was $1.87, to imply a decrease of -1.58% or -$0.03 in intraday trading. The GRWG share’s 52-week high remains $3.38, putting it -80.75% down since that peak but still an impressive 17.11% since price per share fell to its 52-week low of $1.55. The company has a valuation of $110.78M, with an average of 0.64 million shares in intraday trading volume over the past 10 days and average of 546.16K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for GrowGeneration Corp (GRWG), translating to a mean rating of 2.00. Of 6 analyst(s) looking at the stock, 1 analyst(s) give GRWG a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 3 recommend it as a Buy.
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GrowGeneration Corp (NASDAQ:GRWG) trade information
After registering a -1.58% downside in the last session, GrowGeneration Corp (GRWG) has traded red over the past five days. The 5-day price performance for the stock is -3.61%, and -1.06% over 30 days. With these gigs, the year-to-date price performance is -25.50%. Short interest in GrowGeneration Corp (NASDAQ:GRWG) saw shorts transact 3.59 million shares and set a 5.87 days time to cover.
The extremes give us $4 and $4 for target low and target high price respectively. As such, GRWG has been trading -113.9% off suggested target high and -113.9% from its likely low.
GrowGeneration Corp (GRWG) estimates and forecasts
Looking at statistics comparing GrowGeneration Corp share performance against respective industry, we note that the company has outperformed competitors. GrowGeneration Corp (GRWG) shares are -26.38% down over the last 6 months, with its year-to-date growth rate higher than industry average at -6.00% against -7.70%.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -28.61% for the past 5-year period. While 2024 is set for a 24.87% return in earnings, projections for the next 5 years are at 20.00% annually.
GRWG Dividends
GrowGeneration Corp has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
GrowGeneration Corp (NASDAQ:GRWG)’s Major holders
GrowGeneration Corp insiders hold 7.51% of total outstanding shares, with institutional holders owning 49.41% of the shares at 53.42% float percentage. In total, 49.41% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 4.24 million shares (or 6.9003% of shares), all amounting to roughly $9.12 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 3.05 million shares, or about 4.9623% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $6.56 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the GrowGeneration Corp (GRWG) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 1.76 shares. This is just over 4.79% of the total shares, with a market valuation of $3.28 million. Data from the same date shows that the other fund manager holds a little less at 1.48, or 4.05% of the shares, all valued at about 2.78 million.
