Grocery Outlet Holding Corp (GO) concluded trading on Wednesday at a closing price of $16.11, with 5.55 million shares of worth about $89.46 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.84% during that period and on November 06, 2024 the price saw a gain of about 10.65%. Currently the company’s common shares owned by public are about 99.22M shares, out of which, 93.52M shares are available for trading.
Stock saw a price change of 15.90% in past 5 days and over the past one month there was a price change of -0.86%. Year-to-date (YTD), GO shares are showing a performance of -40.24% which decreased to -43.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.60 but also hit the highest price of $29.98 during that period. The average intraday trading volume for Grocery Outlet Holding Corp shares is 2.02 million. The stock is currently trading 0.31% above its 20-day simple moving average (SMA20), while that difference is down -2.96% for SMA50 and it goes to -25.93% 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 110.85% of that.
The stock has a current market capitalization of $1.58B and its 3Y-monthly beta is at 0.12. PE ratio of stock for trailing 12 months is 31.67, while it has posted earnings per share of $0.51 in the same period. Its PEG reads 10.92 and has Quick Ratio of 0.33 while making debt-to-equity ratio of 1.29. 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 6.45% while standing at 4.56% over the month.
Stock’s fiscal year EPS is expected to drop by -25.86% while it is estimated to increase by 21.21% in next year. EPS is likely to shrink at an annualized rate of 2.90% 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 TD Cowen on Nov-07-24 offering a Hold rating for the stock and assigned a target price range of between $25 and $16 to it. Coverage by Telsey Advisory Group stated Grocery Outlet Holding Corp (GO) stock as a Market perform in their note to investors on October 30, 2024, suggesting a price target of $19 for the stock. On October 30, 2024, BofA Securities Downgrade their recommendations, while on October 17, 2024, Loop Capital Initiated their ratings for the stock with a price target of $17. Stock get an Outperform rating from Telsey Advisory Group on August 07, 2024.
