GrowGeneration (NASDAQ:GRWG) Announces Earnings Results

GrowGeneration (NASDAQ:GRWG) issued its quarterly earnings results on Thursday. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.09), Zacks reports. GrowGeneration had a negative return on equity of 23.73% and a negative net margin of 26.62%. GrowGeneration updated its FY 2025 guidance to EPS.

GrowGeneration Trading Down 5.5 %

GRWG stock traded down $0.06 during mid-day trading on Thursday, reaching $0.97. The company’s stock had a trading volume of 1,205,970 shares, compared to its average volume of 792,135. The company has a market cap of $57.65 million, a price-to-earnings ratio of -1.12 and a beta of 3.39. The business’s 50 day moving average price is $1.40 and its 200 day moving average price is $1.75. GrowGeneration has a 12 month low of $0.83 and a 12 month high of $3.38.

Institutional Investors Weigh In On GrowGeneration

An institutional investor recently raised its position in GrowGeneration stock. Bank of America Corp DE boosted its holdings in GrowGeneration Corp. (NASDAQ:GRWG) by 36.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,104 shares of the company’s stock after purchasing an additional 16,132 shares during the quarter. Bank of America Corp DE owned about 0.10% of GrowGeneration worth $102,000 at the end of the most recent quarter. 36.02% of the stock is owned by institutional investors and hedge funds.

GrowGeneration Company Profile

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.