GRWG Stock Summary and Trading Ideas (Growgeneration Corp. | NASDAQ:GRWG)

GrowGeneration Corp owns and operates specialty retail hydroponic and organic gardening stores. The firm is a marketer and distributor of nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems and accessories for hydroponic gardening. The Company has two reportable segments, including Cultivation and Gardening segment, composed of the Company's hydroponic and organic gardening business; and the Storage Solutions segment, composed of the Company's benching, racking, and storage solutions business.

Growgeneration Corp. trades on the NASDAQ stock market under the symbol GRWG.

As of November 25, 2024, GRWG stock price climbed to $1.96 with 753,683 million shares trading.

GRWG has a beta of 1.81, meaning it tends to be more sensitive to market movements. GRWG has a correlation of 0.10 to the broad based SPY ETF.

GRWG has a market cap of $116.12 million. This is considered a Micro Cap stock.

Last quarter Growgeneration Corp. reported $50 million in Revenue and -$.19 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.08.

In the last 3 years, GRWG traded as high as $18.44 and as low as $1.55.

The top ETF exchange traded funds that GRWG belongs to (by Net Assets): VTI, IWM, MJ, VXF, IWN.

GRWG has underperformed the market in the last year with a return of -26.9%, while the SPY ETF gained +32.7%. In the last 3 month period, GRWG fell short of the market, returning -10.1%, while SPY returned +7.6%. However, in the most recent 2 weeks GRWG has outperformed the stock market by returning +4.8%, while SPY returned -0.2%.

GRWG support price is $1.78 and resistance is $1.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GRWG shares will trade within this expected range on the day.