GrowGeneration Corp [NASDAQ: GRWG] plunged by -$0.01 during the normal trading session on while it closed the day at $1.61.
GrowGeneration Corp stock has also loss -6.40% of its value over the past 7 days. However, GRWG stock has declined by -18.69% in the 3 months of the year. Over the past six months meanwhile, it has lost -28.44% and lost -35.86% year-on date.
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The market cap for GRWG stock reached $95.39 million, with 59.24 million shares outstanding and 54.11 million shares in the current float. Compared to the average trading volume of 590.28K shares, GRWG reached a trading volume of 299462 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 $3.42 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 1.67. 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.
Oppenheimer have made an estimate for GrowGeneration Corp shares, keeping their opinion on the stock as Perform, with their previous recommendation back on March 20, 2024. While these analysts kept the previous recommendation, Craig Hallum raised their target price from $4.25 to $4.75. The new note on the price target was released on May 10, 2023, representing the official price target for GrowGeneration Corp stock. Previously, the target price had yet another drop from $7 to $4.50, while Alliance Global Partners kept a Neutral rating on GRWG stock.
The Average True Range (ATR) for GrowGeneration Corp is set at 0.11, with the Price to Sales ratio for GRWG stock in the period of the last 12 months amounting to 0.47. The Price to Book ratio for the last quarter was 0.67, with the Price to Cash per share for the same quarter was set at 0.93.
GRWG stock trade performance evaluation
GrowGeneration Corp [GRWG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.40. With this latest performance, GRWG shares dropped by -13.44% in over the last four-week period, additionally sinking by -28.44% over the last 6 months – not to mention a drop of -34.55% 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 34.27, with the RSI for the last a single of trading hit 29.36, and the three-weeks RSI is set at 37.63 for GrowGeneration Corp [GRWG]. The present Moving Average for the last 50 days of trading for this stock 1.9121, while it was recorded at 1.6340 for the last single week of trading, and 2.2114 for the last 200 days.
GrowGeneration Corp [GRWG]: An insightful look at the core fundamentals
GrowGeneration Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.04 and a Current Ratio set at 5.00.
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]: Institutional Ownership
There are presently around $49.36%, or 53.48%% of GRWG stock, in the hands of institutional investors. The top three institutional holders of GRWG stocks are: BLACKROCK INC. with ownership of 4.24 million shares, which is approximately 6.9003%. VANGUARD GROUP INC, holding 3.05 million shares of the stock with an approximate value of $$6.56 million in GRWG stocks shares; and VANGUARD GROUP INC, currently with $$3.57 million in GRWG stock with ownership which is approximately 2.7009%.
