Grocery Outlet Holding Corp (NASDAQ:GO) price on Friday, May 10, fall -1.05% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $20.70.
A look at the stock’s price movement, the level at last check in today’s session was $20.92. The PE ratio in trailing twelve months stood at 32.29. Turning to its 52-week performance, $36.54 and $19.73 were the 52-week high and 52-week low respectively. Overall, GO moved -24.01% over the past month.
Grocery Outlet Holding Corp’s market cap currently stands at around $2.07 billion.
Analysts have a consensus estimate of 1.1B for the company’s revenue for the quarter, with a low and high estimate of 1.08B and 1.13B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.35B, representing a 9.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GO is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 2.96, with GO’s current price about -19.98% and -22.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 18.67, while 7-day volatility ratio is 4.04% and 2.88% in the 30-day chart. Further, Grocery Outlet Holding Corp (GO) has a beta value of 0.10, and an average true range (ATR) of 1.01.
If we refocus on Grocery Outlet Holding Corp (NASDAQ:GO), historical trading data shows that trading volumes averaged 1.46 million over the past 3 months. The company’s latest data on shares outstanding shows there are 99.22 million shares.
The 4.03% of Grocery Outlet Holding Corp’s shares are in the hands of company insiders while institutional holders own 97.70% of the company’s shares. Current price change has pushed the stock -23.22% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GO stock continues to rise going into the next quarter.
