Grocery Outlet Holding Corp (GO) concluded trading on Wednesday at a closing price of $13.90, with 7.39 million shares of worth about $102.74 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -45.62% during that period and on October 30, 2024 the price saw a loss of about -16.32%. Currently the company’s common shares owned by public are about 99.22M shares, out of which, 93.82M shares are available for trading.
Stock saw a price change of -16.87% in past 5 days and over the past one month there was a price change of -19.84%. Year-to-date (YTD), GO shares are showing a performance of -48.44% which decreased to -49.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.18 but also hit the highest price of $29.98 during that period. The average intraday trading volume for Grocery Outlet Holding Corp shares is 1.94 million. The stock is currently trading -15.27% below its 20-day simple moving average (SMA20), while that difference is down -17.84% for SMA50 and it goes to -36.89% lower than SMA200.
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Grocery Outlet Holding Corp (NASDAQ: GO) currently have 99.22M outstanding shares and institutions hold larger chunk of about 110.14% of that.
The stock has a current market capitalization of $1.36B and its 3Y-monthly beta is at 0.11. PE ratio of stock for trailing 12 months is 25.87, while it has posted earnings per share of $0.54 in the same period. Its PEG reads 7.61 and has Quick Ratio of 0.29 while making debt-to-equity ratio of 1.25. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GO, volatility over the week remained 5.71% while standing at 3.96% over the month.
Stock’s fiscal year EPS is expected to drop by -16.73% while it is estimated to increase by 22.48% in next year. EPS is likely to shrink at an annualized rate of 3.40% for next 5-years, compared to annual growth of 34.39% made by the stock over the past 5-years.
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 Telsey Advisory Group on Oct-31-24 offering a Market perform rating for the stock and assigned a target price range of between $27 and $19 to it. Coverage by BofA Securities stated Grocery Outlet Holding Corp (GO) stock as a Neutral in their note to investors on October 31, 2024, suggesting a price target of $17 for the stock. On October 17, 2024, Loop Capital Initiated their recommendations, while on August 07, 2024, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $27. Stock get a Hold rating from Craig Hallum on July 31, 2024.
