why GrowGeneration Corp. [GRWG] is a Good Choice for Investors After New Price Target of $6.58

GrowGeneration Corp. [NASDAQ: GRWG] closed the trading session at $4.36 on 10/06/22. The day’s price range saw the stock hit a low of $3.5101, while the highest price level was $4.43. The company report on September 20, 2022 that GrowGeneration Announces Planned Opening of New Hydroponic Garden Center in Richmond, Virginia.

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New Richmond, Virginia Location Scheduled to Open September 26, 2022.

Newly Signed Leases in Mount Holly, New Jersey and Hazelwood, Missouri will Expand Current Operations to 17 States in late 2022.

The stocks have a year to date performance of -66.59 percent and weekly performance of 20.78 percent. The stock has been moved at -49.65 percent over the last six months. The stock has performed -3.11 percent around the most recent 30 days and changed 0.46 percent over the most recent 3-months.

If compared to the average trading volume of 1.23M shares, GRWG reached to a volume of 6346982 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 $6.58 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 2.30. 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.

Alliance Global Partners have made an estimate for GrowGeneration Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 05, 2022. The new note on the price target was released on March 03, 2022, representing the official price target for GrowGeneration Corp. stock. Previously, the target price had yet another drop from $30 to $12.50, while Craig Hallum kept a Hold rating on GRWG stock.

The Average True Range (ATR) for GrowGeneration Corp. is set at 0.31, with the Price to Sales ratio for GRWG stock in the period of the last 12 months amounting to 0.76. The Price to Book ratio for the last quarter was 1.12, with the Price to Cash per share for the same quarter was set at 1.05.

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 20.78. With this latest performance, GRWG shares dropped by -3.11% in over the last four-week period, additionally sinking by -49.65% over the last 6 months – not to mention a drop of -81.37% 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 54.76, with the RSI for the last a single of trading hit 62.00, and the three-weeks RSI is set at 51.30 for GrowGeneration Corp. [GRWG]. The present Moving Average for the last 50 days of trading for this stock 4.61, while it was recorded at 3.79 for the last single week of trading, and 6.64 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 +3.55 and a Gross Margin at +25.00. GrowGeneration Corp.’s Net Margin is presently recorded at +3.03.

Return on Equity for this stock inclined to 3.72, with Return on Assets sitting at 3.14.

GrowGeneration Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 4.80.

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

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 $125 million, or 51.60% of GRWG stock, in the hands of institutional investors. The top three institutional holders of GRWG stocks are: ADVISORSHARES INVESTMENTS LLC with ownership of 4,101,799, which is approximately -5.98% of the company’s market cap and around 1.70% of the total institutional ownership; BLACKROCK INC., holding 3,876,730 shares of the stock with an approximate value of $16.9 million in GRWG stocks shares; and ETF MANAGERS GROUP, LLC, currently with $15.21 million in GRWG stock with ownership of nearly -25.287% of the company’s market capitalization.

Positions in GrowGeneration Corp. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 72 institutional holders increased their position in GrowGeneration Corp. [NASDAQ:GRWG] by around 3,832,794 shares. Additionally, 85 investors decreased positions by around 3,479,858 shares, while 63 investors held positions by with 21,308,981 shares. The mentioned changes placed institutional holdings at 28,621,633 shares, according to the latest SEC report filing. GRWG stock had 29 new institutional investments in for a total of 1,524,702 shares, while 40 institutional investors sold positions of 683,976 shares during the same period.


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