GrowGeneration (NASDAQ:GRWG) Issues Earnings Results

GrowGeneration (NASDAQ:GRWG) released its quarterly earnings data 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 net margin of 26.62% and a negative return on equity of 23.73%. GrowGeneration updated its FY 2025 guidance to EPS.

GrowGeneration Stock Down 5.5 %

GRWG stock opened at $0.97 on Friday. The stock has a market capitalization of $57.65 million, a P/E ratio of -1.12 and a beta of 3.39. The firm has a 50-day simple moving average of $1.39 and a 200-day simple moving average of $1.74. GrowGeneration has a 52 week low of $0.87 and a 52 week high of $3.38.

Institutional Trading of GrowGeneration

An institutional investor recently raised its position in GrowGeneration stock. Bank of America Corp DE lifted its stake in shares of GrowGeneration Corp. (NASDAQ:GRWG) by 36.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,104 shares of the company’s stock after purchasing an additional 16,132 shares during the period. Bank of America Corp DE owned about 0.10% of GrowGeneration worth $102,000 as of its most recent filing with the Securities & Exchange Commission. 36.02% of the stock is currently owned by institutional investors.

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.