GrowGeneration (GRWG, $36.57) beats Q1 earnings expectations
GrowGeneration Corp. reported first-quarter results that surpassed analysts’ expectations.
The farm supplies company’s first-quarter earnings came in at 10 cents per share, compared to the 8 cents per share expected by analysts polled by FactSet.
Revenue surged +173% year-over-year to $90 million in the quarter, also beating analysts’ estimate of $86.4 million.
Same-store sales grew +51% year-over-year, despite port delays and supply chain challenges (according to the company).
The company boosted its full-year revenue guidance between $450 million and $470 million – compared to its March guidance of between $415 million and $430 million. Analysts are expecting $426 million.
GRWG in downward trend: price dove below 50-day moving average on April 07, 2022
GRWG moved below its 50-day Moving Average on April 07, 2022 date and that indicates a change from an upward trend to a downward trend. In 9 of 10 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 90%.
Current price $4.77 is below $44.13 the lowest support line found by A.I. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -41% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -17%.
The 10-day Moving Average for GRWG crossed bearishly below the 50-day moving average on April 14, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 3 of 4 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 75%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GRWG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 86%.
The Aroon Indicator for GRWG entered a downward trend on May 13, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where GRWG's RSI Indicator exited the oversold zone, 11 of 14 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 79%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +24.22% 3-day Advance, the price is estimated to grow further. Considering data from situations where GRWG advanced for three days, in 116 of 129 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
GRWG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 76%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.71.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GRWG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is 97 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 97 (best 1 - 100 worst), indicating slightly worse than average price growth. GRWG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 70 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.780) is normal, around the industry mean (8.199). P/E Ratio (22.727) is within average values for comparable stocks, (25.644). GRWG's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.446). GRWG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.028). P/S Ratio (0.683) is also within normal values, averaging (31.265).
The Tickeron SMR rating for this company is 18 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The specialty stores sector includes companies dedicated to the sale of retail products focused on a single product category, such as clothing, carpet, books, or office supplies. A specialty store could face intense competition from big-box departmental chains, and therefore offering an adequate collection of the product type it specializes in is key in maintaining/growing its market.
The average market capitalization across the Specialty Stores Industry is 6.6B. The market cap for tickers in the group ranges from 48 to 305.9B. HD holds the highest valuation in this group at 305.9B. The lowest valued company is CALI at 48.
The average weekly price growth across all stocks in the Specialty Stores Industry was -1.63%. For the same Industry, the average monthly price growth was -8.96%, and the average quarterly price growth was -19.46%. MSSV experienced the highest price growth at 89.26%, while PRTY experienced the biggest fall at -54.25%.
- 5/5/22 4:57 AM: GrowGeneration (GRWG, $6.79) was a top weekly gainer, with a +13.36% jump
- 3/19/22 4:49 AM: GrowGeneration (GRWG, $9.59) was a top weekly gainer, with a +13.63% jump
- 3/10/22 6:33 AM: GrowGeneration (GRWG, $8.71) was a top weekly gainer, with a +5.32% jump. Expect an Uptrend continuation
The average weekly volume growth across all stocks in the Specialty Stores Industry was 46.47%. For the same stocks of the Industry, the average monthly volume growth was 54.26% and the average quarterly volume growth was 28.14%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the 15 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 44%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.16.
26 stocks in the group of tickers exhibit a similar negative trend based on the MA50MA10 indicator with an average likelihood of 71%.
The average market capitalization across the group is 3.6B. The market cap for tickers in the group ranges from 0 to 40.5B. ITOCY holds the highest valuation in this group at 40.5B. The lowest valued company is EGYF at 0.
The average weekly price growth across all stocks in the group was -0.78%. For the same group, the average monthly price growth was -6.71%, and the average quarterly price growth was 6.9%. GBUX experienced the highest price growth at 95.45%, while SIMP experienced the biggest fall at -25.93%.
- 5/14/22 4:23 AM: ADDvantage Technologies Group (AEY, $1.26) is a top weekly gainer for penny stocks, rising +15.6%
- 5/12/22 5:37 AM: Sime Darby Bhd New (SMEBF, $0.54) was a top weekly gainer, with a +5.1% jump
- 5/11/22 7:46 AM: Univar Solutions (UNVR, $27.68) was a top loser this week, declining -8.83%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the group was 2.69%. For the same stocks of the group, the average monthly volume growth was 269.88% and the average quarterly volume growth was 117.84%
- 5/14/22 4:16 AM: The volume for Kintara Therapeutics stock increased for two consecutive days, resulting in a record-breaking daily growth of 297% of the 65-Day Volume Moving Average
- 5/13/22 4:49 AM: The volume for Kintara Therapeutics stock increased for one day, resulting in a record-breaking daily growth of 282% of the 65-Day Volume Moving Average
- 5/12/22 5:32 AM: The volume for Beacon Roofing Supply stock increased for a consecutive 5 days, with an average daily gain of 81%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows