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GrowGeneration Reports First Quarter 2024 Financial Results
Business Wire (Wed, 8-May 4:05 PM ET)
GrowGeneration Announces Change to Board of Directors
Business Wire (Thu, 25-Apr 8:00 AM ET)
GrowGeneration Schedules First Quarter 2024 Earnings Release Conference Call for May 8, 2024
Business Wire (Tue, 23-Apr 8:00 AM ET)
GrowGeneration to Participate in The Benzinga Cannabis Capital Conference
Business Wire (Thu, 11-Apr 4:05 PM ET)
GrowGeneration Announces Share Repurchase Program
Business Wire (Mon, 25-Mar 8:00 AM ET)
Business Wire (Wed, 13-Mar 4:05 PM ET)
GrowGeneration to Participate in the 36th Annual ROTH Conference
Business Wire (Mon, 11-Mar 4:05 PM ET)
GrowGeneration's HRG Distribution Enters Strategic Partnership with Quest Climate
Business Wire (Thu, 29-Feb 8:00 AM ET)
Business Wire (Wed, 28-Feb 8:00 AM ET)
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 May 15, 2024, GRWG stock price climbed to $2.90 with 155,121 million shares trading.
GRWG has a beta of 3.47, meaning it tends to be more sensitive to market movements. GRWG has a correlation of 0.25 to the broad based SPY ETF.
GRWG has a market cap of $176.06 million. This is considered a Micro Cap stock.
Last quarter Growgeneration Corp. reported $48 million in Revenue and -$.14 earnings per share. This beat revenue expectation by $1 million and missed earnings estimates by -$.03.
In the last 3 years, GRWG stock traded as high as $52.80 and as low as $1.77.
The top ETF exchange traded funds that GRWG belongs to (by Net Assets): MJ, VTI, IWM, VXF, IWN.
GRWG has underperformed the market in the last year with a price return of -28.2% while the SPY ETF gained +29.9%. However, in the short term, GRWG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +33.0% vs +6.2% return in SPY. But in the last 2 weeks, GRWG shares have been beat by the market, returning -3.0% compared to an SPY return of +5.2%.
GRWG support price is $2.67 and resistance is $3.01 (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 stock will trade within this expected range on the day.