The Scotts Miracle-Gro Company (NYSE:SMG) went up by 3.34% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Agricultural Inputs giant went up by $134.47 to trade ended Tuesday trading at $130.12. This is up from the $130.12 price recorded on Monday’s trading session. Thanks to this latest performance, SMG is closer to the higher price 52-week target of $170.00 and further from the lowest price target of $136.00. Its performance from the start of the year has also been positive, with SMG up by 26.64% year-to-date.
The Scotts Miracle-Gro Company (SMG) started the day trading at $129.9 and recorded an intraday high of $134.56. It also recorded an intraday low of $129.21 during Tuesday’s trading session. The Scotts Miracle-Gro Company is a very active stock that recorded a trading volume that is less than -2.73% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 466692, which is less than -2.73 of the total average daily trading volume of 479.42K.
The Scotts Miracle-Gro Company (NYSE:SMG) 2020 Performance Impressive
The increase in SMG’s stock price on Tuesday 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 SMG currently stands at $151.03, which is higher than the current trading price of the stock by 10.96%. However, SMG’s current trading price is -75.78% lower than the 52-week low price of $76.50. In terms of trading volume, The Scotts Miracle-Gro Company currently experienced healthy participation during the last trading session. 466692 shares of The Scotts Miracle-Gro Company were traded on the stock exchange on Tuesday, which is less than -2.73% of the 479.42K average trading volume of the stock.
The performance of the stock has been positive over the past year. SMG’s performance over the past one year has seen it surge by 35.86%, while the stock has gone up by 27.10% in the last six months. The quarterly performance of SMG currently stands at 31.32%, and it is down by -6.02% in the last month. The only positive figure was from the weekly performance, which currently reads 1.93%. At the time of writing SMG’s report, the company has a total market cap of $7.63B, making it one of the largest publicly-traded companies in the world.The Scotts Miracle-Gro Company also has over 5600 employees all over the world.
SMG Insider Activities
For The Scotts Miracle-Gro Company, insiders hold 64.80% of all company shares. The insider transactions over the past six months are down by -3.90%. During that period, insiders bought 253,330 shares in 58 transactions. In that same period, insiders sold 806,327 of their shares in 117 transactions. After these transactions, insiders at The Scotts Miracle-Gro Company now hold 15.73M shares, which is over 66.32% of the total company stocks. Institutional investors currently hold a large chunk of the SMG shares, as they control 28.35% of the company’s total stock.
SMG Fundamental Analysis
For The Scotts Miracle-Gro Company, the stock’s diluted earnings per share (EPS) stands at 5.32. In the coming year, analysts expect the EPS to be 6.25. The EPS growth will up over the next five years to 10.10% after surging by 27.30% in the previous five years. In terms of revenue, The Scotts Miracle-Gro Company’s quarterly sales (YOY) is growing at 3.32, which is lower than the average annual revenue of 27.30% over the past half a decade.
The Return on Investment (ROI) on The Scotts Miracle-Gro Company’s stock currently stands at 11.20%, and it has a net profit margin of 9.50%. The operating margin of the company is 14.50%, and its gross margin is 32.80%.
SMG Analysts Prediction
Analysts at BofA/Merrill believe that SMG is Underperform, and they have a price target of between $83 and $91.
At the moment, The Scotts Miracle-Gro Company’s Total Debt to Equity ratio stands at 2.95, and they have a long-term Debt to Equity ratio of 2.68.
SMG Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SMG currently stands at 0.26%, while the SMA50 is 0.24%. The biggest one is the SMA200, which is currently reading 19.10% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 52.70, while its price to earnings ratio (P/E) is 25.27.