GrowGeneration Corp (NASDAQ:GRWG) price on Friday, December 27, fall -3.75% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.54.
A look at the stock’s price movement, the close in the last trading session was $1.60, moving within a range at $1.53 and $1.615. The beta value (5-Year monthly) was 3.134. Turning to its 52-week performance, $3.38 and $1.55 were the 52-week high and 52-week low respectively. Overall, GRWG moved -20.21% over the past month.
GrowGeneration Corp’s market cap currently stands at around $91.24 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 42.37M for the company’s revenue for the quarter, with a low and high estimate of 40.49M and 43.52M respectively. The average forecast suggests down to a -14.33% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 193.21M, representing a -14.46% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GRWG is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 3 recommend GRWG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GRWG’s current price about -13.75% and -18.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.53, while 7-day volatility ratio is 5.03% and 5.45% in the 30-day chart. Further, GrowGeneration Corp (GRWG) has a beta value of 3.09, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $4 and high of $4. Looking at the price targets, the low is -159.74% off current price level while to achieve the yearly target high, price needs to move -159.74%. Nonetheless, investors will most likely welcome a -159.74% jump to $4 which is the analysts’ median price.
If we refocus on GrowGeneration Corp (NASDAQ:GRWG), historical trading data shows that trading volumes averaged 0.71 over the past 10 days and 595.38K over the past 3 months. The company’s latest data on shares outstanding shows there are 59.24 million shares.
The 8.67% of GrowGeneration Corp’s shares are in the hands of company insiders while institutional holders own 40.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.55 million on 2024-11-29, giving us a short ratio of 4.84. The data shows that as of 2024-11-29 short interest in GrowGeneration Corp (GRWG) stood at 641.0 of shares outstanding, with shares short falling to 3.63 million registered in 2024-10-31. Current price change has pushed the stock -38.65% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GRWG stock continues to rise going into the next quarter.
