Grocery Outlet Holding Corp [NASDAQ: GO] stock went on a downward path that fall over -2.72% on Thursday, amounting to a one-week price decrease of less than -2.90%.
Over the last 12 months, GO stock dropped by -42.42%. The one-year Grocery Outlet Holding Corp stock forecast points to a potential upside of 31.23. The average equity rating for GO stock is currently 2.56, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $1.54 billion, with 99.22 million shares outstanding and 93.82 million shares in the current float. Compared to the average trading volume of 2.00M shares, GO stock reached a trading volume of 2600203 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Grocery Outlet Holding Corp [GO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GO shares is $22.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GO stock is a recommendation set at 2.56. 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.
Telsey Advisory Group have made an estimate for Grocery Outlet Holding Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 07, 2024. The new note on the price target was released on July 31, 2024, representing the official price target for Grocery Outlet Holding Corp stock. Previously, the target price had yet another raise to $28, while Wells Fargo analysts kept a Overweight rating on GO stock. On May 08, 2024, analysts decreased their price target for GO shares from 37 to 31.
The Average True Range (ATR) for Grocery Outlet Holding Corp is set at 0.66, with the Price to Sales ratio for GO stock in the period of the last 12 months amounting to 0.37. The Price to Book ratio for the last quarter was 1.28, with the Price to Cash per share for the same quarter was set at 0.68. Price to Free Cash Flow for GO in the course of the last twelve months was 200.83 with Quick ratio for the last quarter at 0.29.
GO Stock Performance Analysis:
Grocery Outlet Holding Corp [GO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.90. With this latest performance, GO shares dropped by -4.67% in over the last four-week period, additionally sinking by -42.29% over the last 6 months – not to mention a drop of -42.42% 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 GO stock in for the last two-week period is set at 36.84, with the RSI for the last a single of trading hit 33.76, and the three-weeks RSI is set at 38.16 for Grocery Outlet Holding Corp [GO]. The present Moving Average for the last 50 days of trading for this stock 17.63, while it was recorded at 16.18 for the last single week of trading, and 22.76 for the last 200 days.
Insight into Grocery Outlet Holding Corp Fundamentals:
Grocery Outlet Holding Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.29 and a Current Ratio set at 1.29.
GO Stock EPS
With the latest financial reports released by the company, Grocery Outlet Holding Corp posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. 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 GO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Grocery Outlet Holding Corp go to 3.40%.
Grocery Outlet Holding Corp [GO] Institutonal Ownership Details
There are presently around $111.77%, or 116.03%% of GO stock, in the hands of institutional investors. The top three institutional holders of GO stocks are: BLACKROCK INC. with ownership of 12.09 million shares, which is approximately 12.1492%. VANGUARD GROUP INC, holding 10.35 million shares of the stock with an approximate value of $$228.96 million in GO stocks shares; and VANGUARD GROUP INC, currently with $$121.86 million in GO stock with ownership which is approximately 5.5356%.
