Shares of GRWG stock are selling off on heavy volume following the company’s announced move to cancel its asset purchase agreement from HGS Hydro. The cancellation of this acquisition is expected to shave $20 million off the company’s revenue run rate for this fiscal year.
Full Answer
Why is growgeneration (grwg) stock down Thursday?
Oct 13, 2021 · GRWG Stock Down on Termination of Acquisition Generally, when a company announces they’re terminating an acquisition, for whatever reason, it’s a good thing for shareholders. That’s because...
Should I buy or sell growgeneration Corp (grwg)?
Sep 05, 2021 · It's demonstrating tremendous growth, which is why the stock gained more than 800% in 2020, and almost 50% in 2021 by February. But since then, it's been slowly falling. That's partially due to a...
Who sold grwg stock in the last quarter?
Aug 12, 2021 · What happened. Shares of GrowGeneration ( GRWG -4.76% ) were plunging 18.2% as of 11:10 a.m. EDT on Thursday. The big decline came after the specialty hydroponic and organic garden retailer ...
What is growgeneration Corp stock symbol?
Apr 13, 2022 · GrowGeneration's stock was trading at $3.89 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GRWG stock has increased by 110.0% and is now trading at $8.17. View which stocks have been most impacted by COVID-19.
What is GrowGeneration Corp. stock symbol?
GrowGeneration Corp. is a American stock, trading under the symbol GRWG-Q on the NASDAQ (undefined). It is usually referred to as NASDAQ:GRWG or GR...
Is GrowGeneration Corp. a buy or a sell?
In the last year, 7 stock analysts published opinions about GRWG-Q. 3 analysts recommended to BUY the stock. 4 analysts recommended to SELL the sto...
Is GrowGeneration Corp. a good investment or a top pick?
GrowGeneration Corp. was recommended as a Top Pick by null on null. Read the latest stock experts ratings for GrowGeneration Corp..
Why is GrowGeneration Corp. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should b...
Is GrowGeneration Corp. worth watching?
7 stock analysts on Stockchase covered GrowGeneration Corp. In the last year. It is a trending stock that is worth watching.
What is GrowGeneration Corp. stock price?
On 2022-02-28, GrowGeneration Corp. (GRWG-Q) stock closed at a price of $8.41.
Analysis and Opinions about GRWG-Q
He liked it back in the teens, then it leapt to $60 and he aborted ship, then it came back down. Loves it as a cannabis play, better than its peers.
GrowGeneration Corp. (GRWG-Q) Rating
Stockchase rating for GrowGeneration Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
GrowGeneration Corp. (GRWG-Q) Frequently Asked Questions
GrowGeneration Corp. is a American stock, trading under the symbol GRWG-Q on the NASDAQ (GRWG). It is usually referred to as NASDAQ:GRWG or GRWG-Q
The cannabis supplier is growing fast, but not as fast as the stock
Jennifer grew up in New York and parlayed her finance and public administration degrees into helping good causes with non-profit work. She has now turned her focus to helping investors lead happier and richer lives at The Motley Fool.
What happened
GrowGeneration ( NASDAQ:GRWG), which sells hydroponic supplies and equipment for the cannabis industry, saw its stock skyrocket at the beginning of the year. But it's since been slowly dropping, and it lost another 21% last month, according to data from S&P Global Market Intelligence.
So what
GrowGeneration is a cannabis industry supplier, not a grower itself. That makes it more immune to industry ups and downs and gives it more leverage to grow as the industry grows, making it a popular stock to hold.
Now what
GrowGeneration has created a cannabis-supply empire with multiple revenue streams, including its wholesale, retail, and private-label products and its omnichannel shopping options. Growth is intense, but not quite as fantastic as its past stock gains -- which partially explains why the stock is now cooling down.
The company delivered great Q2 results, but its growth rate could slow in the second half of the year
Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. Follow @keithspeights
What happened
Shares of GrowGeneration ( NASDAQ:GRWG) were plunging 18.2% as of 11:10 a.m. EDT on Thursday. The big decline came after the specialty hydroponic and organic garden retailer reported its second-quarter results before the market opened.
So what
GrowGeneration announced Q2 revenue of $125.9 million. This nearly tripled the company's revenue of $43.5 million in the prior-year period. It also handily beat analysts' consensus revenue estimate of $111.7 million.
Now what
GrowGeneration could win back investors' favor by delivering stronger-than-expected growth in future quarters. Probably the best way for the company to achieve this is to make more acquisitions. GrowGeneration acquired two stores in the second quarter and will add even more thanks to agreements announced in July.
Is GrowGeneration a buy right now?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for GrowGeneration in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GrowGeneration stock.#N#View analyst ratings for GrowGeneration or view top-rated stocks.
What stocks does MarketBeat like better than GrowGeneration?
Wall Street analysts have given GrowGeneration a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but GrowGeneration wasn't one of them.
When is GrowGeneration's next earnings date?
GrowGeneration is scheduled to release its next quarterly earnings announcement on Wednesday, November 10th 2021.#N#View our earnings forecast for GrowGeneration.
How were GrowGeneration's earnings last quarter?
GrowGeneration Corp. (NASDAQ:GRWG) released its quarterly earnings data on Thursday, August, 12th. The company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by $0.01.
How has GrowGeneration's stock price been impacted by Coronavirus?
GrowGeneration's stock was trading at $3.89 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, GRWG shares have increased by 701.0% and is now trading at $31.16.#N#View which stocks have been most impacted by COVID-19.
What guidance has GrowGeneration issued on next quarter's earnings?
GrowGeneration updated its FY 2021 earnings guidance on Thursday, August, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $455 million-$475 million, compared to the consensus revenue estimate of $459.55 million.
What price target have analysts set for GRWG?
8 analysts have issued 12 month price targets for GrowGeneration's stock. Their forecasts range from $40.00 to $63.00. On average, they expect GrowGeneration's share price to reach $52.25 in the next twelve months.
Traders may be profit-taking after a remarkable run-up in the share price
Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. Follow @keithspeights
What happened
Shares of GrowGeneration ( NASDAQ:GRWG) were down by 13.4% as of 11:51 a.m. EDT on Thursday. The specialty hydroponic and organic gardening retailer didn't report any news that would justify the drop, so the most likely reason for it is that some investors are taking profits off the table following the stock's big jump over the last few days.
So what
GrowGeneration announced spectacular second-quarter results last week, posting all-time high revenues and earnings. It also provided optimistic guidance for the rest of the year and for 2021.
Now what
This company's long-term prospects aren't changed one bit by the volatility in its share price. The U.S. cannabis industry is still in an early stage, and GrowGeneration is poised to continue expanding to support its ever-increasing needs for gardening supplies.
The Truth About GrowGeneration
Competitive Advantage and Growth
- GrowGeneration has made these strides by building a competitive advantage in a highly fragmented industry. Over 2,400 hydroponics stores operate in the U.S., according to IBISWorld. This should come as no surprise since the emerging cannabis industry has fueled demand for hydroponics supplies. Additionally, this increased popularity has fueled specialization. While Ho…
Putting The Sell-Off Into Perspective
- GrowGeneration continues to benefit from the massive demand for hydroponics fueled by a rapidly expanding marijuana industry. Admittedly, the 800 P/E ratio in February may have justified the "terrible quarter" for the stock. Nonetheless, the P/E has now fallen to below 200. Moreover, with its triple-digit revenue growth and the fast pace of new store openings, this consumer discr…