Added to YB: 2021-09-27
Pitch date: 2021-09-27
GRWG [bullish]
GrowGeneration Corp.
-93.85%
current return
Author Info
No bio for this author
Company Info
GrowGeneration Corp., through its subsidiaries, operates as a developer, marketer, retailer, and distributor of products for both indoor and outdoor hydroponic and organic gardening in the United States.
Market Cap
$96.9M
Pitch Price
$26.52
Price Target
N/A
Dividend
N/A
EV/EBITDA
-58.47
P/E
-5.87
EV/Sales
0.49
Sector
Specialty Retail
Category
growth
GrowGeneration
GRWG: GrowGeneration’s roughly 40% post-earnings decline is viewed as an overreaction: 2021 revenue guidance was raised to $455M-$475M, net income more than doubled to about $6.7M, and 12 acquisitions added 20 hydroponic retail locations, bringing the store base to 58. The key concern is whether growth through the rest of the year can support the stock’s multiple; cash and short-term securities also fell to $124.5M from $177.9M.
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