Should I buy or sell GrowGeneration stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GrowGeneration in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GRWG shares. View GRWG analyst ratings or view top-rated stocks .

What is GrowGeneration's stock price target for 2024?

3 brokers have issued twelve-month price targets for GrowGeneration's shares. Their GRWG share price targets range from $4.75 to $5.00. On average, they anticipate the company's share price to reach $4.88 in the next twelve months. This suggests a possible upside of 118.6% from the stock's current price. View analysts price targets for GRWG or view top-rated stocks among Wall Street analysts .

How have GRWG shares performed in 2024?

GrowGeneration's stock was trading at $2.51 at the beginning of the year. Since then, GRWG stock has decreased by 11.2% and is now trading at $2.23. View the best growth stocks for 2024 here .

Are investors shorting GrowGeneration?

GrowGeneration saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,360,000 shares, an increase of 13.8% from the March 15th total of 3,830,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately 7.6% of the shares of the stock are sold short. View GrowGeneration's Short Interest .

When is GrowGeneration's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our GRWG earnings forecast .

How were GrowGeneration's earnings last quarter?

GrowGeneration Corp. (NASDAQ:GRWG) released its quarterly earnings results on Wednesday, March, 13th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.06. The company earned $49.45 million during the quarter, compared to the consensus estimate of $46.03 million. GrowGeneration had a negative net margin of 20.58% and a negative trailing twelve-month return on equity of 15.60%.

What ETFs hold GrowGeneration's stock?

ETFs with the largest weight of GrowGeneration (NASDAQ:GRWG) stock in their portfolio include AXS Cannabis ETF (THCX) , Amplify Seymour Cannabis ETF (CNBS) , Cambria Cannabis ETF (TOKE) , Amplify Alternative Harvest ETF (MJ) , AdvisorShares Pure Cannabis ETF (YOLO) and Global X AgTech & Food Innovation ETF (KROP) . Amplify U.S. Alternative Harvest ETF (MJUS) .

What guidance has GrowGeneration issued on next quarter's earnings?

GrowGeneration updated its FY 2024 earnings guidance on Wednesday, March, 13th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $205.0 million-$215.0 million, compared to the consensus revenue estimate of $219.0 million.

What other stocks do shareholders of GrowGeneration own?

Based on aggregate information from My MarketBeat watchlists, some companies that other GrowGeneration investors own include NVIDIA (NVDA) , Innovative Industrial Properties (IIPR) , Tesla (TSLA) , Advanced Micro Devices (AMD) , Curaleaf (CURLF) , KushCo (KSHB) , AbbVie (ABBV) , Alibaba Group (BABA) and Block (SQ) .

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 .

NASDAQ:GRWG

GrowGeneration (GRWG) Stock Price, News & Analysis

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$2.23

-0.05 (-2.19%)

(As of 02:52 PM ET)

Compare

Today's Range: $2.19
▼
$2.28
50-Day Range: $1.91
▼
$3.33
52-Week Range: $1.77
▼
$5.00

Volume: 594,916 shs
Average Volume: 1.14 million shs
Market Capitalization: $137.15 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.88

Get GrowGeneration alerts:

GrowGeneration MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 118.6% Upside
$4.88 Price Target
Short Interest: Bearish
7.63% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.78
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.32) to ($0.22) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.85 out of 5 stars

Basic Materials Sector

128th out of 169 stocks

Building Materials, Hardware, Garden Supply & Mobile Home Dealers Industry

4th out of 4 stocks

3.3

Analyst's Opinion

Consensus Rating
GrowGeneration has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
GrowGeneration has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
7.63% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in GrowGeneration has recently increased by 13.84%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
GrowGeneration does not currently pay a dividend.
Dividend Growth
GrowGeneration does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GRWG.

3.2

News and Social Media Coverage

News Sentiment
GrowGeneration has a news sentiment score of 0.78. 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 0.40 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for GrowGeneration this week, compared to 1 article on an average week.
Search Interest
Only 9 people have searched for GRWG on MarketBeat in the last 30 days. This is a decrease of -10% compared to the previous 30 days.
MarketBeat Follows
7 people have added GrowGeneration to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, GrowGeneration insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.62% 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.

1.3

Earnings and Valuation

Earnings Growth
Earnings for GrowGeneration are expected to grow in the coming year, from ($0.32) to ($0.22) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of GrowGeneration is -2.97, 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 -2.97, 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 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About GrowGeneration Stock (NASDAQ:GRWG)

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.

GRWG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GRWG Stock News Headlines

April 7, 2024 | investorplace.com

7 Penny Stocks That Deserve a Closer Look in Q2

April 4, 2024 | theglobeandmail.com

3 Cannabis Stocks With More Upside Potential Than Canopy Growth

April 16, 2024 | StockEarnings (Ad)

Your eBook: Mastering Earnings Announcements Trading

April 2, 2024 | finance.yahoo.com

GrowGeneration Announces Share Repurchase Program

March 28, 2024 | msn.com

Hydroponics Giant Announces $6M Share Repurchase Program, CEO Says Understanding 'Where Every Nickel Goes' Is Vital For Business Growth

March 28, 2024 | investorplace.com

The 3 Best Cannabis Stocks to Buy in Q2 2024

March 27, 2024 | msn.com

GrowGeneration (GRWG) Pops Against a Tough Battle with the Bears

March 25, 2024 | markets.businessinsider.com

GrowGeneration To Repurchase Up To $6 Mln Of Shares

April 16, 2024 | StockEarnings (Ad)

Your eBook: Mastering Earnings Announcements Trading

March 20, 2024 | msn.com

GrowGeneration falls as Oppenheimer downgrades on near-term trends

March 19, 2024 | investorplace.com

Hot Stocks: The 3 Best Opportunities for Investing in Cannabis

March 16, 2024 | finance.yahoo.com

GrowGeneration Corp. (NASDAQ:GRWG) Q4 2023 Earnings Call Transcript

March 16, 2024 | finance.yahoo.com

GRWG Oct 2024 4.000 call

March 16, 2024 | finance.yahoo.com

GRWG Jul 2024 1.000 put

March 16, 2024 | finance.yahoo.com

GRWG Oct 2024 1.000 call

March 15, 2024 | seekingalpha.com

GrowGeneration Corp. (GRWG) Q4 2023 Earnings Call Transcript

March 14, 2024 | markets.businessinsider.com

Analysts Offer Insights on Consumer Cyclical Companies: GrowGeneration (GRWG) and Mondee Holdings (MOND)

March 14, 2024 | marketwatch.com

GrowGeneration Exploring Strategic Opportunities for Storage Solutions Business

March 14, 2024 | businesswire.com

CORRECTING and REPLACING GrowGeneration Reports Fourth Quarter and Full Year 2023 Financial Results; Provides First Quarter and Full Year 2024 Guidance

March 13, 2024 | benzinga.com

Recap: GrowGeneration Q4 Earnings

March 13, 2024 | benzinga.com

GrowGeneration Reports Q4 & 2023 Results: Sales Dip, Earns More Per Sale Thanks To Smart Product Strategy

March 13, 2024 | finance.yahoo.com

GrowGeneration Reports Fourth Quarter and Full Year 2023 Financial Results; Provides First Quarter and Full Year 2024 Guidance

March 13, 2024 | msn.com

Options Volatility and Implied Earnings Moves Today, March 13, 2024

March 12, 2024 | markets.businessinsider.com

Here's what Wall Street expects from GrowGeneration's earnings report

March 7, 2024 | markets.businessinsider.com

Analysts Conflicted on These Consumer Cyclical Names: GrowGeneration (GRWG) and ARKO Corp (ARKO)

March 6, 2024 | cnn.com

GrowGeneration Corp.

March 3, 2024 | seekingalpha.com

GrowGeneration: Why I Am Now Very Long In My Cannabis Portfolio

See More Headlines

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Company Calendar

Last Earnings: 3/13/2024
Today: 4/16/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: 372
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.88
High Stock Price Target: $5.00
Low Stock Price Target: $4.75
Potential Upside/Downside: +117.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.75)
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: -20.58%
Pretax Margin: -20.57%
Return on Equity: -15.60%
Return on Assets: -11.43%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.77
Quick Ratio: 2.67

Sales & Book Value

Annual Sales: $225.88 million
Price / Sales: 0.61
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.83 per share
Price / Book: 0.79

Miscellaneous

Outstanding Shares: 61,500,000
Free Float: 58,663,000
Market Cap: $137.76 million
Optionable: Optionable
Beta: 3.01

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Key Executives

Mr. Darren Lampert (Age 63)
Co-Founder, CEO & Director
Comp: $1.34M
Mr. Michael Salaman (Age 63)
Co-Founder, President & Director
Comp: $1.34M
Mr. Gregory Sanders (Age 35)
Chief Financial Officer
Comp: $287.31k
Mr. Clifton Tomasini
Vice President of Operations
Mr. Son Nguyen
Chief Information Officer
John Evans
Head of Investor Relations
Mr. Stephen Kozey
General Counsel
Mr. Robert L. Nardelli (Age 76)
Senior Strategic Advisor
Ms. Rebecca Haluska
Senior Vice President of Purchasing
Mr. Keith Harrington
Senior Vice President of Business Development

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

GRWG Stock Analysis - Frequently Asked Questions

Should I buy or sell GrowGeneration stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GrowGeneration in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GRWG shares.
View GRWG analyst ratings or view top-rated stocks.
What is GrowGeneration's stock price target for 2024?: 3 brokers have issued twelve-month price targets for GrowGeneration's shares. Their GRWG share price targets range from $4.75 to $5.00. On average, they anticipate the company's share price to reach $4.88 in the next twelve months. This suggests a possible upside of 118.6% from the stock's current price.
View analysts price targets for GRWG or view top-rated stocks among Wall Street analysts.
How have GRWG shares performed in 2024?: GrowGeneration's stock was trading at $2.51 at the beginning of the year. Since then, GRWG stock has decreased by 11.2% and is now trading at $2.23.
View the best growth stocks for 2024 here.
Are investors shorting GrowGeneration?: GrowGeneration saw a increase in short interest in March. As of March 31st, there was short interest totaling 4,360,000 shares, an increase of 13.8% from the March 15th total of 3,830,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately 7.6% of the shares of the stock are sold short.
View GrowGeneration's Short Interest.
When is GrowGeneration's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our GRWG earnings forecast.
How were GrowGeneration's earnings last quarter?: GrowGeneration Corp. (NASDAQ:GRWG) released its quarterly earnings results on Wednesday, March, 13th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.06. The company earned $49.45 million during the quarter, compared to the consensus estimate of $46.03 million. GrowGeneration had a negative net margin of 20.58% and a negative trailing twelve-month return on equity of 15.60%.

What ETFs hold GrowGeneration's stock?: ETFs with the largest weight of GrowGeneration (NASDAQ:GRWG) stock in their portfolio include AXS Cannabis ETF (THCX), Amplify Seymour Cannabis ETF (CNBS), Cambria Cannabis ETF (TOKE), Amplify Alternative Harvest ETF (MJ), AdvisorShares Pure Cannabis ETF (YOLO) and Global X AgTech & Food Innovation ETF (KROP).Amplify U.S. Alternative Harvest ETF (MJUS).
What guidance has GrowGeneration issued on next quarter's earnings?: GrowGeneration updated its FY 2024 earnings guidance on Wednesday, March, 13th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $205.0 million-$215.0 million, compared to the consensus revenue estimate of $219.0 million.
What other stocks do shareholders of GrowGeneration own?: Based on aggregate information from My MarketBeat watchlists, some companies that other GrowGeneration investors own include NVIDIA (NVDA), Innovative Industrial Properties (IIPR), Tesla (TSLA), Advanced Micro Devices (AMD), Curaleaf (CURLF), KushCo (KSHB), AbbVie (ABBV), Alibaba Group (BABA) and Block (SQ).
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.

This page (NASDAQ:GRWG) was last updated on 4/16/2024 by MarketBeat.com Staff

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GrowGeneration (GRWG) Stock Price, News & Analysis

GrowGeneration MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About GrowGeneration Stock (NASDAQ:GRWG)

GRWG Stock Price History

GRWG Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

GRWG Stock Analysis - Frequently Asked Questions

Overall MarketRank^™