Grocery Outlet Holding Corp [NASDAQ: GO] stock went on a downward path that fall over -3.76% on Thursday, amounting to a one-week price increase of more than 6.82%.
Over the last 12 months, GO stock dropped by -36.26%. The one-year Grocery Outlet Holding Corp stock forecast points to a potential upside of 6.87. The average equity rating for GO stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.57 billion, with 98.64 million shares outstanding and 92.71 million shares in the current float. Compared to the average trading volume of 2.03M shares, GO stock reached a trading volume of 3064473 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 $17.33 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 3.00. 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.
TD Cowen have made an estimate for Grocery Outlet Holding Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 06, 2024. While these analysts kept the previous recommendation, Telsey Advisory Group dropped their target price from $27 to $19. The new note on the price target was released on October 30, 2024, representing the official price target for Grocery Outlet Holding Corp stock. Previously, the target price had yet another drop from $29 to $17, while BofA Securities kept a Neutral rating on GO stock.
The Average True Range (ATR) for Grocery Outlet Holding Corp is set at 0.81, 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 1.30, with the Price to Cash per share for the same quarter was set at 0.71.
GO Stock Performance Analysis:
Grocery Outlet Holding Corp [GO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.82. With this latest performance, GO shares gained by 4.33% in over the last four-week period, additionally sinking by -23.40% over the last 6 months – not to mention a drop of -36.26% 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 46.66, with the RSI for the last a single of trading hit 47.25, and the three-weeks RSI is set at 46.43 for Grocery Outlet Holding Corp [GO]. The present Moving Average for the last 50 days of trading for this stock 17.49, while it was recorded at 16.62 for the last single week of trading, and 19.27 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 0.33 and a Current Ratio set at 1.46.
GO Stock EPS
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 0.09%.
Grocery Outlet Holding Corp [GO] Institutonal Ownership Details
There are presently around $105.89%, or 110.31%% 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%.
