GrowGeneration (NASDAQ:GRWG) Issues Earnings Results, Misses Estimates By $0.09 EPS

GrowGeneration (NASDAQ:GRWG) posted its earnings results on Thursday. The company reported ($0.27) EPS for the quarter, missing the consensus estimate 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 Price Performance

Shares of GrowGeneration stock traded down $0.06 during midday trading on Thursday, reaching $0.97. The company had a trading volume of 1,192,583 shares, compared to its average volume of 792,100. The firm has a market cap of $57.65 million, a PE ratio of -1.12 and a beta of 3.39. The stock has a fifty day moving average price of $1.40 and a 200 day moving average price of $1.75. GrowGeneration has a fifty-two week low of $0.83 and a fifty-two week 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 stake in GrowGeneration Corp. (NASDAQ:GRWG) by 36.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing. 36.02% of the stock is currently owned by institutional investors.

About GrowGeneration

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.