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Friday, September 29, 2023

Momentum Is Strong For GrowGeneration Corp. (NASDAQ: GRWG)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for GrowGeneration Corp. (GRWG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.27%, to $3.65. The GrowGeneration Corp. has recorded 25,661 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed GrowGeneration Reports Second Quarter 2023 Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Specialty Retail industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $3.66 and fluctuated between $3.7750 as its day high and $3.4250 as its day low. The current market capitalization of GrowGeneration Corp. is $211.11M. A total of 2.1 million shares were traded on the day, compared to an average of 945.48K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, GRWG has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 221,375 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 0 SELLs from insiders. Insiders purchased 443,858 shares during that period but sold 0.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for GRWG in the last 3 months, the mean price target is $4.96 with high estimates of $8.00 and low estimates of $3.50. In terms of 52-week highs and lows, GRWG has a high of $8.63 and a low of $2.55.

As of this writing, GRWG has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.08 per share and a lower estimate of -$0.13. The company reported an EPS of -$0.1 in the last quarter, which was 9.10% higher than expectations of -$0.11.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. GRWG’s latest balance sheet shows that the firm has $81.17M in Cash & Short Term Investments as of fiscal 2021. There were $45.56M in debt and $47.08M in liabilities at the time. Its Book Value Per Share was $3.38, while its Total Shareholder’s Equity was $371.29M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GRWG is Buy with a score of 4.33.

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