While GrowGeneration Corp has overperformed by 13.90%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GRWG fell by -24.18%, with highs and lows ranging from $5.00 to $1.77, whereas the simple moving average fell by -7.70% in the last 200 days.
On March 20, 2024, Oppenheimer Downgraded GrowGeneration Corp (NASDAQ: GRWG) to Perform. A report published by Craig Hallum on May 10, 2023, Upgraded its rating to ‘Buy’ for GRWG. Alliance Global Partners also Downgraded GRWG shares as ‘Neutral’, setting a target price of $4.50 on the company’s shares in a report dated August 05, 2022. Craig Hallum January 14, 2022d its ‘Buy’ rating to ‘Hold’ for GRWG, as published in its report on January 14, 2022. Wells Fargo’s report from December 07, 2021 suggests a price prediction of $18 for GRWG shares, giving the stock a ‘Equal Weight’ rating. Stifel also rated the stock as ‘Hold’.
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Analysis of GrowGeneration Corp (GRWG)
Further, the quarter-over-quarter decrease in sales is -9.19%, showing a negative trend in the upcoming months.
One of the most important indicators of GrowGeneration Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -23.86% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.67, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and GRWG is recording 883.53K average volume. On a monthly basis, the volatility of the stock is set at 7.64%, whereas on a weekly basis, it is put at 10.72%, with a gain of 27.00% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.69, showing growth from the present price of $2.54, which can serve as yet another indication of whether GRWG is worth investing in or should be passed over.
How Do You Analyze GrowGeneration Corp Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 36.24% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GRWG shares are owned by institutional investors to the tune of 36.24% at present.
