Stifel lifts GrowGeneration Corp. [GRWG] price estimate. Who else is bullish?

GrowGeneration Corp. [NASDAQ: GRWG] surged by $1.09 during the normal trading session on Wednesday and reaching a high of $19.91 during the day while it closed the day at $19.09. The company report on October 20, 2020 that GrowGeneration Acquires Michigan-Based Big Green Tomato.

Acquisition Brings the Number of GrowGen Locations in Michigan to Six.

GrowGeneration Corp. (NASDAQ: GRWG), (“GrowGen” or the “Company”) the nation’s largest chain of specialty hydroponic and organic garden centers, today announced its acquisition of Big Green Tomato (“BGT”), a two-store chain in Battle Creek and Taylor, Michigan. Big Green Tomato is one of Michigan’s premier hydroponic equipment stores, founded in 2011 by a team of experienced executives with 25 years of combined experience in the industry. BGT has two well established locations with strong commercial operations and annual revenues approaching $16M. As part of the transaction, GrowGen purchased the 10,000 square-foot retail property in Battle Creek.

GrowGeneration Corp. stock has also gained 9.46% of its value over the past 7 days. However, GRWG stock has inclined by 152.85% in the 3 months of the year. Over the past six months meanwhile, it has gained 360.00% and gained 365.61% year-on date.

The market cap for GRWG stock reached $906.58 million, with 38.62 million shares outstanding and 36.16 million shares in the current float. Compared to the average trading volume of 5.78M shares, GRWG reached a trading volume of 5332274 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about GrowGeneration Corp. [GRWG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GRWG shares is $18.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GRWG stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stifel have made an estimate for GrowGeneration Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 27, 2020. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on July 14, 2020, representing the official price target for GrowGeneration Corp. stock. Previously, the target price had yet another raise to $8, while The Benchmark Company analysts kept a Buy rating on GRWG stock.

The Average True Range (ATR) for GrowGeneration Corp. is set at 1.50, with the Price to Sales ratio for GRWG stock in the period of the last 12 months amounting to 7.33. The Price to Book ratio for the last quarter was 11.71, with the Price to Cash per share for the same quarter was set at 0.31. Price to Free Cash Flow for GRWG in the course of the last twelve months was 824.17 with Quick ratio for the last quarter at 1.30.

GRWG stock trade performance evaluation

GrowGeneration Corp. [GRWG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.46. With this latest performance, GRWG shares gained by 16.26% in over the last four-week period, additionally plugging by 360.00% over the last 6 months – not to mention a rise of 380.86% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GRWG stock in for the last two-week period is set at 64.87, with the RSI for the last a single of trading hit 68.15, and the three-weeks RSI is set at 62.74 for GrowGeneration Corp. [GRWG]. The present Moving Average for the last 50 days of trading for this stock 15.93, while it was recorded at 18.04 for the last single week of trading, and 8.20 for the last 200 days.

GrowGeneration Corp. [GRWG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and GrowGeneration Corp. [GRWG] shares currently have an operating margin of +2.68 and a Gross Margin at +22.45. GrowGeneration Corp.’s Net Margin is presently recorded at +2.36.

Return on Total Capital for GRWG is now 4.51, given the latest momentum, and Return on Invested Capital for the company is 4.07. Return on Equity for this stock inclined to 4.48, with Return on Assets sitting at 3.48. When it comes to the capital structure of this company, GrowGeneration Corp. [GRWG] has a Total Debt to Total Equity ratio set at 14.84. Additionally, GRWG Total Debt to Total Capital is recorded at 12.92, with Total Debt to Total Assets ending up at 11.10. Long-Term Debt to Equity for the company is recorded at 11.22, with the Long-Term Debt to Total Capital now at 9.77.

Reflecting on the efficiency of the workforce at the company, GrowGeneration Corp. [GRWG] managed to generate an average of $10,211 per employee. Receivables Turnover for the company is 29.99 with a Total Asset Turnover recorded at a value of 1.48.GrowGeneration Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.90.

Earnings per share (EPS) analysis for GrowGeneration Corp. [GRWG] stock

With the latest financial reports released by the company, GrowGeneration Corp. posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GRWG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for GrowGeneration Corp. go to 20.00%.

GrowGeneration Corp. [GRWG]: Insider Ownership positions

There are presently around $340 million, or 56.10% of GRWG stock, in the hands of institutional investors. The top three institutional holders of GRWG stocks are: BLACKROCK INC. with ownership of 1,946,854, which is approximately New of the company’s market cap and around 6.40% of the total institutional ownership; DRIEHAUS CAPITAL MANAGEMENT LLC, holding 1,661,734 shares of the stock with an approximate value of $31.72 million in GRWG stocks shares; and FEDERATED HERMES, INC., currently with $27.91 million in GRWG stock with ownership of nearly New of the company’s market capitalization.

Positions in GrowGeneration Corp. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 83 institutional holders increased their position in GrowGeneration Corp. [NASDAQ:GRWG] by around 14,153,096 shares. Additionally, 19 investors decreased positions by around 1,297,521 shares, while 9 investors held positions by with 2,339,502 shares. The mentioned changes placed institutional holdings at 17,790,119 shares, according to the latest SEC report filing. GRWG stock had 69 new institutional investments in for a total of 12,800,503 shares, while 13 institutional investors sold positions of 823,848 shares during the same period.

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