Set Your Sights On GrowGeneration Corp. (NASDAQ: GRWG)’S Upside Potential


    After grabbing 1.76 million shares, the institutional investor is now in possession of 1.76 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 4.53% having worth around $14.86 million. Moreover, Driehaus Capital Management LLC increased its share by 1.66 million to have a control over 1.66 million shares. And Federated Global Investment Manag.. raised its holdings to 1.46 million shares by acquiring 1.46 million shares or 3.76% of the stake.

    GrowGeneration Corp. (GRWG) concluded trading on 08/27/20 at a closing price of $15.06, with 6.5 million shares of worth about $97.93 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -17.43% during that period and on Thursday the price saw a gain of about 7.19%. Currently the company’s common shares owned by public are about 38.62M shares, out of which, 35.67M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the GRWG stock and their offered price forecasts bring an average price target of $16.14. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $22.00 and could fall to a lowest price of $14.00. Analysts also issued an outlook of 1.80 for the GrowGeneration Corp. stock for next 12 months. The stock’s current price level is -84.33% below of average price target set by the analysts, while a dip to estimated low would result in loss of -7.57 for the stock. However, touching the estimated high of $22.00 would mean a gain of 31.55% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 154 times over the past 12 months. They bought 1,198,479 shares in 17 of the transactions. In 137 selling transactions, insiders dumped 3,228,170 shares.

    Federated Hermes Kaufmann Small C, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in GrowGeneration Corp. Federated Hermes Kaufmann Small C is currently holding 1.46 million shares of worth totaling $12.34 million. The company recently came buying 1.46 million shares which brought its stake up to 3.76% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 0.18 million shares, after which its hold over company’s outstanding shares expand to 2.53%, leaving 0.98 million shares with the mutual fund that have a worth of about $8.31 million. iShares Russell 2000 ETF, after selling 0.58 million shares, have now control over 1.50% of the stake in the company. It holds 27132.0 shares of worth $4.9 million.

    GrowGeneration Corp. (NASDAQ: GRWG) started trading at $15.50, above $1.45 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $15.06, or with a gain of 7.19%. Stock saw a price change of -17.43% in past 5 days and over the past one month there was a price change of 76.76%. Year-to-date (YTD), GRWG shares are showing a performance of 267.32% which increased to 185.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.62 but also hit the highest price of $22.88 during that period. While comparing its average daily trading volume of 4.34 million shares, we see that about 6.5 million changed hands on the day. The stock is currently trading 20.93% above its 20-day simple moving average (SMA20), while that difference is up 62.83% for SMA50 and it goes to 155.48% higher than SMA200.

    BlackRock Fund Advisors acquired 1.76 million shares of GrowGeneration Corp. having value of about $14.86 million. GrowGeneration Corp. (NASDAQ: GRWG) currently have 38.62M outstanding shares and institutions hold larger chunk of about 53.60% of that. Holding of mutual funds in the company is about 30.49% while other institutional holders and individual stake holders have control over 35.04% and 13.86% of the stake respectively.

    The stock has a current market capitalization of $755.11M and its 3Y-monthly beta is at 2.25. PE ratio of stock for trailing 12 months is 753.00, while it has posted earnings per share of $0.02 in the same period. Its PEG reads 37.65 and has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GRWG, volatility over the week remained 12.96% while standing at 12.85% over the month.

    Analysts are in expectations that GrowGeneration Corp. (GRWG) stock would likely to be making an EPS of $0.05 in the current quarter, while forecast for next quarter ESPS is $0.06 and it is $0.33 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.04 which is $0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.03 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 122.20% while it is estimated to increase by 130.37% in next year. EPS is likely to shrink at an annualized rate of 20.00% for next 5-years, compared to annual growth of 36.10% made by the stock over the past 5-years.

    Analysts at 7 brokerage firms have issued recommendations for the GrowGeneration Corp. (GRWG)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 7 Wall Street analysts, 7 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on August 27, 2020 offering a Buy rating for the stock and assigned a target price of $22 to it. Coverage by Oppenheimer stated GrowGeneration Corp. (GRWG) stock as an Outperform in their note to investors on July 14, 2020, suggesting a price target of $15 for the stock. On May 20, 2020, The Benchmark Company Initiated their recommendations, while on March 10, 2020, Craig Hallum Initiated their ratings for the stock with a price target of $7.


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