While Scotts Miracle-Gro Company has overperformed by 2.79%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SMG rose by 6.61%, with highs and lows ranging from $78.25 to $43.67, whereas the simple moving average jumped by 27.67% in the last 200 days.
On March 25, 2024, Raymond James Downgraded Scotts Miracle-Gro Company (NYSE: SMG) to Mkt Perform. A report published by Stifel on July 13, 2023, Downgraded its rating to ‘Hold’ for SMG. Truist also Upgraded SMG shares as ‘Buy’, setting a target price of $80 on the company’s shares in a report dated July 11, 2023. Stifel May 01, 2023d its ‘Hold’ rating to ‘Buy’ for SMG, as published in its report on May 01, 2023. Barclays’s report from April 26, 2023 suggests a price prediction of $70 for SMG shares, giving the stock a ‘Equal Weight’ rating. Wells Fargo also rated the stock as ‘Overweight’.
Analysis of Scotts Miracle-Gro Company (SMG)
The current dividend for SMG investors is set at $2.64 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -22.07%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Scotts Miracle-Gro Company’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -47.64% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.67, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and SMG is recording an average volume of 775.14K. On a monthly basis, the volatility of the stock is set at 3.61%, whereas on a weekly basis, it is put at 3.12%, with a gain of 3.83% over the past seven days. Furthermore, long-term investors anticipate a median target price of $66.60, showing decline from the present price of $74.35, which can serve as yet another indication of whether SMG is worth investing in or should be passed over.
How Do You Analyze Scotts Miracle-Gro Company Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 25.48%. 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 75.94% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SMG shares are owned by institutional investors to the tune of 75.94% at present.
