GrowGeneration (NASDAQ:GRWG - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Thursday, May 8th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $39.63 million for the quarter.
GrowGeneration Price Performance
Shares of GRWG traded up $0.11 during mid-day trading on Friday, reaching $1.25. 1,444,988 shares of the company's stock were exchanged, compared to its average volume of 619,585. The business's fifty day simple moving average is $1.05 and its 200-day simple moving average is $1.48. GrowGeneration has a 52-week low of $0.82 and a 52-week high of $3.15. The stock has a market capitalization of $74.36 million, a PE ratio of -1.44 and a beta of 3.57.
Insiders Place Their Bets
In related news, President Michael Salaman acquired 85,465 shares of GrowGeneration stock in a transaction on Wednesday, March 19th. The stock was purchased at an average cost of $1.21 per share, with a total value of $103,412.65. Following the purchase, the president now directly owns 1,639,313 shares in the company, valued at approximately $1,983,568.73. The trade was a 5.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Darren Lampert bought 82,639 shares of the stock in a transaction on Wednesday, March 19th. The stock was bought at an average price of $1.19 per share, for a total transaction of $98,340.41. Following the completion of the purchase, the chief executive officer now directly owns 1,728,522 shares in the company, valued at approximately $2,056,941.18. The trade was a 5.02 % increase in their position. The disclosure for this purchase can be found here. 7.07% of the stock is currently owned by insiders.
Institutional Investors Weigh In On GrowGeneration
An institutional investor recently raised its position in GrowGeneration stock. Bank of America Corp DE grew its position in shares of GrowGeneration Corp. (NASDAQ:GRWG - Free Report) by 36.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,104 shares of the company's stock after buying an additional 16,132 shares during the quarter. Bank of America Corp DE owned 0.10% of GrowGeneration worth $102,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 36.02% of the company's stock.
About GrowGeneration
(
Get Free Report)
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.
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