GRWG - GrowGeneration: Why I Got Back In
2024-06-30 11:43:31 ET
Summary
- GrowGeneration is a NASDAQ-listed stock with good trading volumes, and it is a member of the New Cannabis Ventures Global Cannabis Stock Index.
- Analysts project declining revenue and negative net income for GrowGeneration in 2024, with an improvement in 2025, but with a low adjusted EBITDA margin.
- Despite declining revenue, GrowGeneration trades below tangible book value, has a strong balance sheet, and the chart supports potential upside.
I have written about GrowGeneration Corp. ( GRWG ) a couple of times over the past seven months. In early December, I warned investors to avoid the stock. I followed up four months ago with an explanation for why I had added it to my model portfolio. I have been following the stock since the company went public in 2016, and I am long it again in my model portfolio as of June 20th. The next day, I named it a Top Pick again. The other two times produced big gains:
GrowGeneration: Why I Got Back In