GrowGeneration (GRWG) Stock Price, News & Analysis

Company Overview

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products. It operates a chain of stores in California, Colorado, Michigan, Maine, Oklahoma, Oregon, Washington, Montana, New York, Ohio, Mississippi, Missouri, Arizona, Rhode Island, Florida, Massachusetts, Virginia, New Jersey, and New Mexico, as well as growgeneration.com, an online superstore for cultivators, a wholesale business for resellers, HRG Distribution, and benching, racking, and storage solutions and MMI. The company was formerly known as Easylife Corp. GrowGeneration Corp. was founded in 2008 and is based in Greenwood Village, Colorado.

Key Stats

• Today's Range: $1.78 to $1.88
• 50-Day Range: $1.68 to $2.24
• 52-Week Range: $1.55 to $3.38
• Volume: 683,990 shs
• Average Volume: 750,516 shs
• Market Capitalization: $110.19 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.75
• Consensus Rating: Hold

GrowGeneration Stock Analysis - MarketRank™

GrowGeneration scored higher than 60% of companies evaluated by MarketBeat, and ranked 116th out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

GrowGeneration has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

GrowGeneration has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for GrowGeneration are expected to grow in the coming year, from ($0.53) to ($0.31) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of GrowGeneration is -2.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of GrowGeneration is -2.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

GrowGeneration has a P/B Ratio of 0.77. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.69% of the float of GrowGeneration has been sold short.

Short Interest Ratio / Days to Cover

GrowGeneration has a short interest ratio ("days to cover") of 7.4.

Change versus previous month

Short interest in GrowGeneration has recently decreased by 5.96%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

GrowGeneration does not currently pay a dividend.

Dividend Growth

GrowGeneration does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.69% of the float of GrowGeneration has been sold short.

Short Interest Ratio / Days to Cover

GrowGeneration has a short interest ratio ("days to cover") of 7.4.

Change versus previous month

Short interest in GrowGeneration has recently decreased by 5.96%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.75

News Sentiment

GrowGeneration has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for GrowGeneration this week, compared to 2 articles on an average week.

Search Interest

Only 2 people have searched for GRWG on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

3 people have added GrowGeneration to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, GrowGeneration insiders have bought more of their company's stock than they have sold. Specifically, they have bought $252,815.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 7.07% of the stock of GrowGeneration is held by insiders.

Percentage Held by Institutions

Only 36.02% of the stock of GrowGeneration is held by institutions.

GRWG Stock Analysis - Frequently Asked Questions

How have GRWG shares performed this year?

GrowGeneration's stock was trading at $2.51 at the beginning of 2024. Since then, GRWG shares have decreased by 25.9% and is now trading at $1.86.
View the best growth stocks for 2024 here.

How were GrowGeneration's earnings last quarter?

GrowGeneration Corp. (NASDAQ:GRWG) released its quarterly earnings data on Thursday, August, 8th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.02. The firm earned $53.54 million during the quarter, compared to the consensus estimate of $53 million. GrowGeneration had a negative trailing twelve-month return on equity of 23.73% and a negative net margin of 26.62%.

Who are GrowGeneration's major shareholders?

Top institutional investors of GrowGeneration include Geode Capital Management LLC (2.28%), Penserra Capital Management LLC (0.82%), Charles Schwab Investment Management Inc. (0.81%) and Jane Street Group LLC (0.28%). Insiders that own company stock include Darren Lampert, Michael Salaman, Stephen Aiello and Eula L Adams.
View institutional ownership trends.

How do I buy shares of GrowGeneration?

Shares of GRWG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of GrowGeneration own?

Based on aggregate information from My MarketBeat watchlists, some other companies that GrowGeneration investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), PayPal (PYPL), NIO (NIO) and Block (SQ).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 11/23/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: Building materials, hardware, garden supply & mobile home dealers
• Sub-Industry: Cannabis
• Current Symbol: NASDAQ:GRWG
• CUSIP: N/A
• CIK: 1604868
• Web: www.growgeneration.com
• Phone: (800) 935-8420
• Fax: N/A
• Employees: 690
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.75
• High Stock Price Target: $4.00
• Low Stock Price Target: $2.25
• Potential Upside/Downside: +47.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.87)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-46,500,000.00
• Net Margins: -26.62%
• Pretax Margin: -26.63%
• Return on Equity: -23.73%
• Return on Assets: -17.03%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.00
• Quick Ratio: 3.04

Sales & Book Value

• Annual Sales: $225.88 million
• Price / Sales: 0.49
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.42 per share
• Price / Book: 0.77

Miscellaneous

• Outstanding Shares: 59,240,000
• Free Float: 55,056,000
• Market Cap: $110.19 million
• Optionable: Optionable
• Beta: 3.14