Grocery Outlet Holding Corp (GO)’s results reveal risk

While Grocery Outlet Holding Corp has underperformed by -1.02%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GO fell by -34.56%, with highs and lows ranging from $29.80 to $13.60, whereas the simple moving average fell by -13.90% in the last 200 days.

On November 06, 2024, TD Cowen Downgraded Grocery Outlet Holding Corp (NASDAQ: GO) to Hold. A report published by Telsey Advisory Group on October 30, 2024, Downgraded its rating to ‘Market Perform’ for GO. BofA Securities also Downgraded GO shares as ‘Neutral’, setting a target price of $17 on the company’s shares in a report dated October 30, 2024. Loop Capital Initiated an Hold rating on October 17, 2024, and assigned a price target of $17. Telsey Advisory Group resumed its ‘Outperform’ rating for GO, as published in its report on August 07, 2024. Craig Hallum’s report from July 31, 2024 suggests a price prediction of $20 for GO shares, giving the stock a ‘Hold’ rating. Wells Fargo also rated the stock as ‘Overweight’.

Analysis of Grocery Outlet Holding Corp (GO)

Further, the quarter-over-quarter increase in sales is 10.39%, showing a positive trend in the upcoming months.

There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Grocery Outlet Holding Corp’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 4.22% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.33, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

As an indicator of volatility for any stock, average volume can also be very valuable, and GO is recording an average volume of 2.13M. On a monthly basis, the volatility of the stock is set at 5.48%, whereas on a weekly basis, it is put at 4.90%, with a loss of -3.51% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.40, showing decline from the present price of $18.44, which can serve as yet another indication of whether GO is worth investing in or should be passed over.

How Do You Analyze Grocery Outlet Holding Corp Shares?

Grocery Outlet Holding Corp (GO) is based in the USA and is one of the most prominent companies operating in the Grocery Stores market. When comparing Grocery Outlet Holding Corp shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 35.95, there is a growth in quarterly earnings of -9.08%.

Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.56%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 104.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

GO shares are owned by institutional investors to the tune of 104.90% at present.