Grocery Outlet Holding Corp (NASDAQ:GO) shares, rose in value on Thursday, March 27, with the stock price up by 0.54% to the previous day’s close as strong demand from buyers drove the stock to $12.97.
Actively observing the price movement in the last trading, the stock closed the session at $12.90, falling within a range of $12.75 and $13.19. The value of beta (5-year monthly) was 0.363 whereas the PE ratio was 32.65 over 12-month period. Referring to stock’s 52-week performance, its high was $29.13, and the low was $10.26. On the whole, GO has fluctuated by 18.02% over the past month.
With the market capitalization of Grocery Outlet Holding Corp currently standing at about $1.26 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-24.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.74B, with a low estimate of 1.09B and a high estimate of 1.17B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.12B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 5.47, with the price of GO currently trading nearly 4.52% and -11.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.34, while the 7-day volatility ratio is showing 4.63% which for the 30-day chart, stands at 5.97%. Furthermore, Grocery Outlet Holding Corp (GO)’s beta value is 0.46, and its average true range (ATR) is 0.76.
A comparison of Grocery Outlet Holding Corp (GO) with its peers suggests the former has fared considerably weaker in the market. GO showed an intraday change of 0.54% in last session, and over the past year, it shrunk by -53.18%%.
Data on historical trading for Grocery Outlet Holding Corp (NASDAQ:GO) indicates that the trading volumes over the past 10 days have averaged 1.81 and over the past 3 months, they’ve averaged 2.47 million. According to company’s latest data on outstanding shares, there are 97.26 million shares outstanding.
Nearly 4.78% of Grocery Outlet Holding Corp’s shares belong to company insiders and institutional investors own 107.06% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.64 million shares as on 2025-03-14, resulting in a short ratio of 3.69. According to the data, the short interest in Grocery Outlet Holding Corp (GO) stood at 1452.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 11.52 million. The stock has fallen by -16.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GO stock heading into the next quarter.
