Grocery Outlet Holding Corp. (NASDAQ:GO) went up by 1.59% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Grocery Stores giant went up by $33.15 to trade ended Monday trading at $32.63. This is up from the $32.63 price recorded on Friday’s trading session. Its performance from the start of the year has also been positive, with GO up by 2.16% year-to-date.
Grocery Outlet Holding Corp. (GO) started the day trading at $32.58 and recorded an intraday high of $33.16. It also recorded an intraday low of $32.072 during Monday’s trading session. Grocery Outlet Holding Corp. is a very active stock that recorded a trading volume that is less than -39.48% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 989387, which is less than -39.48 of the total average daily trading volume of 1.38 million.
Grocery Outlet Holding Corp. (NASDAQ:GO) 2020 Performance Impressive
The increase in GO’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of GO currently stands at $47.57, which is higher than the current trading price of the stock by 30.31%. However, GO’s current trading price is -19.46% lower than the 52-week low price of $27.75. In terms of trading volume, Grocery Outlet Holding Corp. currently experienced healthy participation during the last trading session. 989387 shares of Grocery Outlet Holding Corp. were traded on the stock exchange on Monday, which is less than -39.48% of the 1.38 million average trading volume of the stock.
The performance of the stock has been positive over the past year. GO’s stock has gone up by 8.80% in the last six months. The quarterly performance of GO currently stands at 12.41%, and it is down by -11.86% in the last month. The only positive figure was from the weekly performance, which currently reads 0.33%. At the time of writing GO’s report, the company has a total market cap of $3.06B, making it one of the largest publicly-traded companies in the world.Grocery Outlet Holding Corp. also has over 682 employees all over the world.
GO Insider Activities
For Grocery Outlet Holding Corp., insiders hold 65.70% of all company shares. The insider transactions over the past six months are down by -54.50%. During that period, insiders bought 1,437,902 shares in 54 transactions. In that same period, insiders sold 27,157,309 of their shares in 64 transactions. After these transactions, insiders at Grocery Outlet Holding Corp. now hold 35.5M shares, which is over 46.72% of the total company stocks. Institutional investors currently hold a large chunk of the GO shares, as they control 39.06% of the company’s total stock.
GO Fundamental Analysis
For Grocery Outlet Holding Corp., the stock’s diluted earnings per share (EPS) stands at 0.25. In the coming year, analysts expect the EPS to be 1.00.
The Return on Investment (ROI) on Grocery Outlet Holding Corp.’s stock currently stands at 5.10%, and it has a net profit margin of 0.90%. The operating margin of the company is 2.10%, and its gross margin is 30.80%.
GO Analysts Prediction
Another analyst that has a Neutral rating for GO is BofA/Merrill, which set a price target of between $37 and $40.
At the moment, Grocery Outlet Holding Corp.’s Total Debt to Equity ratio stands at 0.69, and they have a long-term Debt to Equity ratio of 0.69.
GO Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of GO currently stands at -7.83%, while the SMA50 is -6.59%. The biggest one is the SMA200, which is currently reading -1.88% ahead of Monday’s trading session. The Relative Strength Index of this stock is 38.30, while its price to earnings ratio (P/E) is 130.51.