Truist raised the price target for the Scotts Miracle-Gro Company (NYSE:SMG) stock from “a Buy” to “a Hold”. The rating was released on April 05, 2024, according to finviz. The research report from Stifel has downgraded the stock from Buy to Hold, with a price target set at $72. The stock was upgraded by Truist, who disclosed in a research note on July 11, 2023, from Hold to Buy and set the price objective to $80. In their research brief published May 08, 2023, JP Morgan analysts upgraded the Scotts Miracle-Gro Company stock from Neutral to Overweight with a price target of $80.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -6.32% within the last five trades and 0.25% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 38.11% in the last 6 months and 17.82% was added to its value over the previous 3 months. SMG stock is trading at a margin of -6.32%, 2.85% and 15.01% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, SMG deals in the Basic Materials domain. The stock is trading -13.15 percent below its 52-week high and 55.03 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 6.6. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Scotts Miracle-Gro Company’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 7.42 percent and the profit margin is -11.52 percent, and the company has reported a gross margin of 22.52 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $3.84 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 17.00. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.12 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 25.48 percent of Scotts Miracle-Gro Company shares are owned by insiders, and 75.17 percent are held by financial institutions. Hagedorn Partnership, L.P., the Director at Scotts Miracle-Gro Company (SMG) has sold 86,356 shares of firm on Mar 04 ’24 at a price of $65.41 against the total amount of $5.65 million. In another inside trade, Hagedorn Partnership, L.P., 10% Owner of Scotts Miracle-Gro Company (NYSE:SMG) sold 15,000 shares of the firm on Feb 23 ’24 for a total worth of $0.88 million at a price of $58.40. An inside trade which took place on Feb 20 ’24, Director of Scotts Miracle-Gro Company Johnson Stephen L sold 1,394 shares of firm against total price of $79940.0 at the cost of $57.35 per share.
