Scotts Miracle-Gro Company (NYSE:SMG) shares, rose in value, with the stock price up by 0.13% to the previous day’s close as strong demand from buyers drove the stock to $67.75.
Actively observing the price movement in the last trading, the stock closed the session at $67.66. The value of beta (5-year monthly) was 1.68. Referring to stock’s 52-week performance, its high was $77.95, and the low was $43.67. On the whole, SMG has fluctuated by -7.96% over the past month.
With the market capitalization of Scotts Miracle-Gro Company currently standing at about $3.84 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024. The company’s Forward Dividend Ratio is 2.64, with its dividend yield at 3.90%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SMG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SMG currently trading nearly -4.46% and 0.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.71, while the 7-day volatility ratio is showing 2.16% which for the 30-day chart, stands at 2.96%. Furthermore, Scotts Miracle-Gro Company (SMG)’s beta value is 1.70, and its average true range (ATR) is 2.11.
A comparison of Scotts Miracle-Gro Company (SMG) with its peers suggests the former has fared considerably weaker in the market. SMG showed an intraday change of 0.13% in last session, and over the past year, it grew by 5.14%%.
Data on historical trading for Scotts Miracle-Gro Company (NYSE:SMG) indicates that the trading volumes over the past 3 months, they’ve averaged 775.31K. According to company’s latest data on outstanding shares, there are 56.50 million shares outstanding.
Nearly 25.48% of Scotts Miracle-Gro Company’s shares belong to company insiders and institutional investors own 75.25% of the company’s shares. The stock has risen by 6.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SMG stock heading into the next quarter.
