$SMG, $CENT, $CENTA, $DOGZ: Surging 14.82% in Performance for Lawn Companies in a Week
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The lawn care industry has witnessed a remarkable surge in performance, with a substantial 14.82% increase over the past week. This surge is reflected in the positive outlook of key tickers within this sector. In this article, we will explore the thematic landscape and delve into the specifics of the four major players: Scotts Miracle-Gro Company (SMG), Central Garden & Pet (CENT), Central Garden & Pet Class A (CENTA), and Dogness (International) (DOGZ).
Positive Outlook and Volume Indicator
The stocks in the lawn care theme exhibit a positive outlook, substantiated by the Volume Indicator. Tickeron, a prominent stock analysis platform, shares this optimism, predicting a further increase of more than 4.00% within the next month, with a likelihood of 63%. Over the last month, the daily ratio of advancing to declining volumes was 1.44 to 1.
Moreover, the Moving Average (MA50) indicator reinforces this positive sentiment, with 78% of the stocks in the thematic group confirming the upward trend.
Market Capitalization Dynamics
Diversity characterizes the market capitalization within the lawn care theme. The average market capitalization is 1.8 billion dollars. SMG holds the crown with a valuation of 3.2 billion dollars, while DOGZ takes the position as the lowest valued company at 6.3 million dollars.
Highs and Lows: Price Notables
The weekly price growth across all stocks in the lawn care theme averaged an impressive 14.77%. On a monthly scale, this growth surged to 60.23%, while the quarterly growth maintained a steady 2.9%. DOGZ stands out with the highest price growth at 64.67%, while SMG faced a temporary dip with a fall of -6.97%.
Noteworthy is the volatility witnessed in individual stocks:
- DOGZ experienced a weekly tumble of -15.78% on 27th July 2023 but had previously shown significant gains of +18.21% on 20th April 2023.
- SMG faced a weekly decline of -12.49% on 27th April 2023, reflecting the dynamic nature of the market.
Volume Surge: A Clear Indicator
Volume growth is a key metric, and the lawn care theme stocks have not disappointed. The average weekly volume growth is a robust 15.56%. Monthly and quarterly growth percentages are even more striking, standing at 78.47% and 155.21%, respectively.
Several individual instances stand out:
- Central Garden & Pet experienced record-breaking daily growth, reaching 232% of the 65-Day Volume Moving Average on 4th January 2024.
- Dogness (International) witnessed an extraordinary surge, hitting 1,638% of the 65-Day Volume Moving Average on 13th May 2023.
Individual Stock Analysis
1. Scotts Miracle-Gro Company (SMG)
- Trend: -2.72% downward trend, falling for three consecutive days on December 29, 2023.
- Analysis: A bearish sign is noted as SMG has fallen for three consecutive days. Historical data suggests a 77% likelihood of further declines within the next month. Current price: $61.66.
2. Central Garden & Pet (CENT)
- Trend: Upward trend; 10-day moving average crossed above 50-day moving average on December 12, 2023.
- Analysis: A bullish signal is observed with the crossing of the 10-day moving average above the 50-day moving average. Historical data indicates an 81% likelihood of a continued upward trend. Current price: $49.72.
3. Dogness (International) (DOGZ)
- Trend: Upward trend; price rose above the 50-day moving average on December 27, 2023.
- Analysis: The shift from a downward to an upward trend indicates a positive outlook. Historical data suggests a 90% likelihood of a continued upward trend. Current price: $8.90.
In summary, the lawn care industry, as reflected by the performance of SMG, CENT, CENTA, and DOGZ, is experiencing a notable upswing. Investors are advised to carefully consider individual stock trends and market dynamics before making informed decisions in this green haven.
