Investing In Grocery Outlet Holding Corp (NASDAQ: GO): Why Should You?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

GO belongs to the Consumer Defensive sector of the NASDAQ while operating in the Grocery Stores industry. The current market capitalization of Grocery Outlet Holding Corp is $2.67B. A total of 1.35 million shares were traded on the day, compared to an average of 1.27M shares.

In the most recent transaction, Herman Thomas F sold 1,000 shares of GO for 29.00 per share on Mar 27 ’24. After the transaction, the Director now owns 10,400 company shares. In a previous transaction on Mar 22 ’24, Ragatz Erik D. bought 36,500 shares at 28.25 per share. GO shares that Director owns now total 36,500.

Among the insiders who sold shares, Wilson Steven K. disposed of 7,152 shares on Mar 22 ’24 at a per-share price of $28.25. This resulted in the EVP, Chief Purchasing Officer holding 158,779 shares of GO after the transaction. In another insider transaction, Wilson Steven K. sold 15,000 shares at $28.50 per share on Mar 21 ’24. Company shares held by the EVP, Chief Purchasing Officer now total 165,931.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, GO has a high of $36.54 and a low of $23.41.

As of this writing, GO has an earnings estimate of $Micro Gold Futures,Jun-2024 per share for the current quarter. EPS was calculated based on a consensus of Gold Jun 24 estimates, with a high estimate of $Gold TAS Futures,Aug-2024 per share and a lower estimate of $Shanghai Gold (CNH) Futures,Jun.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. 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 $12.29, while its Total Shareholder’s Equity was $1.01B.

Analysts Opinion

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. 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 3.55.

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