GrowGeneration Corp (NASDAQ:GRWG) price on Thursday, May 09,rose 11.19% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.98.
A look at the stock’s price movement, the close in the last trading session was $2.68. Turning to its 52-week performance, $5.00 and $1.77 were the 52-week high and 52-week low respectively. Overall, GRWG moved 19.68% over the past month.
GrowGeneration Corp’s market cap currently stands at around $183.30 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GRWG is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
GRWG’s current price about 22.84% and 24.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.54, while 7-day volatility ratio is 8.30% and 9.66% in the 30-day chart. Further, GrowGeneration Corp (GRWG) has a beta value of 3.12, and an average true range (ATR) of 0.27.
If we refocus on GrowGeneration Corp (NASDAQ:GRWG), historical trading data shows that trading volumes averaged 1.37 million over the past 3 months. The company’s latest data on shares outstanding shows there are 61.48 million shares.
The 7.08% of GrowGeneration Corp’s shares are in the hands of company insiders while institutional holders own 36.63% of the company’s shares. Current price change has pushed the stock 18.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GRWG stock continues to rise going into the next quarter.
