GrowGeneration (GRWG) Upgraded by Zacks Investment Research to Buy

GrowGeneration stock has undergone multiple analysts rating changes in the recent past.  GrowGeneration Upgraded by Zacks Investment Research on 10/13/2021. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Sell.

Shares of GrowGeneration traded down -$2.83 on Wednesday, reaching $20.92. 7125868 shares of the stock traded hands, compared to its average volume of 1373561. Shares of GrowGeneration were trading at $20.92 on Wednesday. The firm’s 50 day moving average is $29.74 and its 200 day moving average is $41.97.GrowGeneration has a 12 month low of $20.60 and a 12 month high of $67.75. While on yearly highs and lows, GrowGeneration’s today has traded high as $22.63 and has touched $20.60 on the downward trend. See More Analyst Rating at: RATING

GrowGeneration Earnings and What to expect: 

GrowGeneration last issued its quarterly earnings results on August 12th, 2021. The reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $125.89 million for the quarter, compared to the consensus estimate of $113.51 million. GrowGeneration has generated $0.11 earnings per share over the last year ($0.30 diluted earnings per share) and currently has a price-to-earnings ratio of 69.7. Earnings for GrowGeneration are expected to grow by 39.13% in the coming year, from $0.46 to $0.64 per share. GrowGeneration has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, November 10th, 2021 based off prior year’s report dates.

Earnings for GrowGeneration are expected to grow by 39.13% in the coming year, from $0.46 to $0.64 per share. The P/E ratio of GrowGeneration is 69.73, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.72. The P/E ratio of GrowGeneration is 69.73, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 15.73. GrowGeneration has a P/B Ratio of 3.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

GrowGeneration (GRWG) Moving Average Technical Analysis

5 day Moving Average is $23.12 And 5 day price change is -$2.48 (-10.60%)  with average volume for 5 day average is 2,185,580. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $24.94 and 20 day price change is -$5.97 (-22.20%) and average 20 day moving volume is 1,530,255. 50 day moving average is $29.74  and 50 day price change is -$19.99 ( -48.86%)  and with average volume for 50 days is : 1,884,300. 200 day moving average is $41.97  and 200 day price change is -$18.39 (-46.78%)  and with average volume for 200 days is : 2,017,811.

Other owners latest trading in GrowGeneration :

  • On 10/12/2021 shares held by Koshinski Asset Management Inc. were 7,350 which equates to market value of $0.18M and appx 0.00% owners of GrowGeneration
  • On 10/6/2021 shares held by IFP Advisors Inc were 1,652 which equates to market value of $42K and appx 0.00% owners of GrowGeneration
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 56,194 which equates to market value of $2.70M and appx 0.00% owners of GrowGeneration
  • In total Institutional ownership equates to Institutional Ownership Percentage: 42.38% for GrowGeneration

See More Analyst Rating at: RATING