GrowGeneration (GRWG) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GrowGeneration in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GRWG shares.
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4 Wall Street analysts have issued 1-year price objectives for GrowGeneration's stock. Their GRWG share price targets range from $2.75 to $5.00. On average, they expect the company's share price to reach $4.17 in the next year. This suggests a possible upside of 39.8% from the stock's current price.
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GrowGeneration's stock was trading at $2.51 at the beginning of the year. Since then, GRWG shares have increased by 18.7% and is now trading at $2.98.
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GrowGeneration saw a increase in short interest during the month of 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 trading volume of 1,150,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately 7.6% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024.
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GrowGeneration Corp. (NASDAQ:GRWG) released its earnings results on Wednesday, March, 13th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.06. The business had revenue of $49.45 million for the quarter, compared to analysts' expectations 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%.

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

GrowGeneration updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided 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 $208.8 million.

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).

GrowGeneration's stock is owned by many different retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (0.81%) and Simplex Trading LLC (0.00%). Insiders that own company stock include Darren Lampert, Michael Salaman, Sean Stiefel, Stephen Aiello and Tony Sullivan.
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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.
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