ROTH Capital raised the price target for the GrowGeneration Corp. (NASDAQ:GRWG) stock from “a Neutral” to “a Buy”. The rating was released on May 14, 2021. The research report from Alliance Global Partners has upgraded the stock from Neutral to Buy, with a price target set at $55. The stock was initiated by Northland Capital, who disclosed in a research note on May 10, 2021, to Outperform and set the price objective to $55. In their research brief published January 13, 2021, ROTH Capital analysts downgraded the GrowGeneration Corp. stock from Buy to Neutral with a price target of $45.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.1 during the last quarter as opposed to a consensus estimate of $0.07, which indicates the company beat its estimate by $0.03, which implies that the company surprised the market by 42.90%. It appears that the average earnings per share estimate for the current quarter (ending in Jun 2021) is $0.12. This is an average of 8 analysts’ earnings, where the high earnings per share estimate is $0.15 and the low earnings per share estimate is $0.09. According to 8 analyst estimates, an average revenue estimate of $111.69M is projected for the current quarter with a high revenue estimate of $122.8M and a low estimate of $103.63M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of GrowGeneration Corp. (NASDAQ:GRWG) raised 4.94% to close Friday’s market session at $44.41, higher as compared to yesterday’s close. The stock price fluctuated between $41.572 and $44.53 throughout the trading session with the volume trading being 3682944 shares, which represented a significant variation when compared to the three months average volume of 2.04 million shares. The firm’s stock price fluctuated 19.00% within the last five trades and -0.45% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 32.45% in the last 6 months and -14.30% was subtracted to its value over the previous 3 months. GRWG stock is trading at a margin of 10.68%, -1.23% and 25.69% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, GRWG deals in the Consumer Cyclical domain. The stock is trading -34.45 percent below its 52-week high and 638.94 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 205.84. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does GrowGeneration Corp.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $2.72 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for GrowGeneration Corp. (NASDAQ:GRWG) is 170.81. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 62.29. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 10.88 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 7.41, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 5.10 percent of GrowGeneration Corp. shares are owned by insiders, and 51.60 percent are held by financial institutions. Sullivan Tony, the Chief Operating Officer (COO) at GrowGeneration Corp. (GRWG) has sold 90,543 shares of firm on May 19 at a price of $38.14 against the total amount of $3.45 million. In another inside trade, Sullivan Tony, Chief Operating Officer (COO) of GrowGeneration Corp. (NASDAQ:GRWG) sold 40,000 shares of the firm on May 18 for a total worth of $1.56 million at a price of $39.07. An inside trade which took place on Apr 15, Director of GrowGeneration Corp. Stiefel Sean sold 8,305 shares of firm against total price of $0.4 million at the cost of $47.58 per share.