While Scotts Miracle-Gro Company has underperformed by -0.16%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SMG fell by -9.71%, with highs and lows ranging from $77.95 to $43.67, whereas the simple moving average jumped by 15.01% in the last 200 days.
On April 05, 2024, Truist Downgraded Scotts Miracle-Gro Company (NYSE: SMG) to Hold. A report published by Raymond James on March 25, 2024, Downgraded its rating to ‘Mkt Perform’ for SMG. Stifel also Downgraded SMG shares as ‘Hold’, setting a target price of $72 on the company’s shares in a report dated July 13, 2023. Truist July 11, 2023d the rating to Buy on July 11, 2023, and set its price target from $65 to $80. JP Morgan May 08, 2023d its ‘Neutral’ rating to ‘Overweight’ for SMG, as published in its report on May 08, 2023. Stifel’s report from May 01, 2023 suggests a price prediction of $80 for SMG shares, giving the stock a ‘Buy’ rating. Barclays also rated the stock as ‘Equal Weight’.
Analysis of Scotts Miracle-Gro Company (SMG)
SMG currently pays a dividend of $2.64 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -22.07%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Scotts Miracle-Gro Company’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. 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.
An average volume of 785.11K can be a very valuable indicator of volatility for SMG stock. On a monthly basis, the volatility of the stock is set at 3.21%, whereas on a weekly basis, it is put at 2.94%, with a loss of -6.32% over the past seven days. Furthermore, long-term investors anticipate a median target price of $76.50, showing growth from the present price of $67.70, 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?
In addition to the fundamentals, you should also consider how many employees own shares in 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 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 75.17% 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 75.17% at present.
