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Sunday, December 3, 2023

Is Grocery Outlet Holding Corp (NASDAQ: GO) Still On The Rise?

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 Grocery Outlet Holding Corp (GO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.25, or 0.88%, to $28.69. The Grocery Outlet Holding Corp has recorded 19,245 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Grocery Outlet Enters Ninth State with Store Opening in Ohio.

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Stocks Info

This NASDAQ-listed company operates within the Grocery Stores industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $28.44 and fluctuated between $29.38 as its day high and $28.43 as its day low. The current market capitalization of Grocery Outlet Holding Corp is $2.82B. A total of 1.16 million shares were traded on the day, compared to an average of 1.00M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, GO has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,000 shares. Over the last 12 months, there were 43 BUYs and 38 SELLs from insiders. Insiders purchased 1,567,561 shares during that period but sold 1,281,624.

In the most recent transaction, Herman Thomas F sold 2,000 shares of GO for 29.74 per share on Nov 15. After the transaction, the Director now owns 15,400 company shares. In a previous transaction on Oct 16, Herman Thomas F sold 2,000 shares at 27.69 per share. GO shares that Director owns now total 17,400.

Among the insiders who sold shares, Herman Thomas F disposed of 2,000 shares on Sep 15 at a per-share price of $30.07. This resulted in the Director holding 19,400 shares of GO after the transaction. In another insider transaction, Herman Thomas F sold 2,000 shares at $33.91 per share on Aug 15. Company shares held by the Director now total 21,400.

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 GO in the last 3 months, the mean price target is $33.00 with high estimates of $41.00 and low estimates of $20.00. In terms of 52-week highs and lows, GO has a high of $36.54 and a low of $25.71.

As of this writing, GO has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.2 per share and a lower estimate of $0.15. The company reported an EPS of $0.32 in the last quarter, which was 23.10% higher than expectations of $0.26.

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. GO’s latest balance sheet shows that the firm has $140.09M in Cash & Short Term Investments as of fiscal 2021. There were $1.46B in debt and $237.91M in liabilities at the time. Its Book Value Per Share was $12.11, while its Total Shareholder’s Equity was $1.01B.

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 GO is Buy with a score of 3.73.

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