GrowGeneration Corp (NASDAQ:GRWG) price closed lower on Friday, April 12, dropping -8.11% below its previous close.
A look at the daily price movement shows that the last close reads $2.59. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.00 and 52-week low of $1.77. The stock added 16.67% on its value in the past month.
GrowGeneration Corp, which has a market valuation of $146.37 million. Analysts tracking GRWG have forecast the quarterly EPS to shrink by -0.11 per share this quarter, while the same analysts predict the annual EPS to hit -$0.33 for the year 2024 and up to -$0.22 for 2025. In this case, analysts estimate an annual EPS growth of 56.60% for the year and 33.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $46.85 million, with the likely lows of $46.26 million and highs of $48 million. The average estimate suggests sales growth for the quarter will likely fall by -17.60% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $208.84 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow -7.50% below that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give GRWG a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that GRWG’s price is at present -5.41% off the SMA20 and 2.59% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 46.62, with weekly volatility standing at 9.96%. The indicator jumps to 12.23% when calculated based on the past 30 days. GrowGeneration Corp (NASDAQ:GRWG)’s beta value is holding at 3.04, while the average true range (ATR) indicator is currently reading 0.26. An analysis of the GrowGeneration Corp (NASDAQ:GRWG) stock in terms of its daily trading volume indicates that the 3-month average is 1.17 million.
Current records show that the company has 61.48M in outstanding shares. The insiders’ percentage holdings are 7.08% of outstanding shares while the percentage share held by institutions stands at 36.25%. But the -5.18% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
