GrowGeneration Corp. (NASDAQ:GRWG) stock identified change of 71.94% away from 52-week low price and recently located move of -35.84% off 52-week high price. It has market worth of $152.82M. GRWG stock has been recorded -8.79% away from 50 day moving average and -0.19% away from 200 day moving average. Moving closer, we can see that shares have been trading 7.85% off 20-day moving average.

On March 26, 2020, GrowGeneration Corp. (NASDAQ:GRWG) the largest chain of specialty hydroponic and organic garden centers, with currently 27 locations, revealed record revenue of $80 million for the 2019 fiscal year end.

2019 Financial Highlights:

• Revenues up 174.9% to $79.7 million for 2019 compared to $29 million for 2018
• Revenue up 180% to $25.4 million for Q4 2019 compared to $9.1 million for Q4 2018
• Same store sales were $13 million for 2019 vs $9.5 million for 2018, a 36% increase
• Same store sales were $11.9 million for Q4 2019 compared to $7.4 million for Q4 2018, an increase of $4.5 million or 62%
• Adjusted EBITDA of $6.6 million for 2019 compared to $(823,843) for 2018, $.20 per share, basic
• Adjusted EBITDA was $2.2 million for Q4 2019 compared to $(178,520) for Q4 2018
• Net income of $1.9 million for 2019 compared to Net (loss) of $5.1 million for 2018
• Gross profit margin percentage of 28.3% for 2019 compared to 22.2% for 2018
• Gross profit was 25.8% for Q4 2019 compared to 15.1% for Q4 2018
• Store operating costs as a percentage of sales was 12.7% for 2019 vs 17.9% for 2018
• Store operating costs as a percentage of sales was 10.8% for Q4 2019 compared to 19.3% for Q4 2018
• Corporate overhead as a percentage of revenue was 12.4% for 2019 vs 18.9% for 2018
• Corporate payroll and general and administrative as a percentage of revenue was 8% for 2019 vs 11.2% for 2018
• Net income (loss) per share, basic, was $.06 for 2019 vs $(.22) for 2018
• Net income (loss) per share, fully diluted, was $.05 for 2019 vs $(.22) for 2018
• Cash at December 31, 2019 was $13 million, Cash at March 23, 2020 is $10.4 million
• Working capital was $30.6 million at December 31, 2019 vs $21.5 million at December 31, 2018
• Proceeds from the sale of common stock and warrants was $10.4 million for 2019
• All remaining convertible debt converted to commons stock in 2019
• For 2020 we changed our independent auditors to Plante Moran, a 90-year-old, 3100-man public accounting firm, with 25 offices in the US and Internationally
• Total new store and acquired stores for 2019 totaled 10 new store locations
• Fully deployed enterprise resource planning (ERP) platform across all locations.
• Up listed to the NASDAQ Exchange

The Basic Materials sector company, GrowGeneration Corp. noticed change of -1.14% to $4.35 along volume of 806929 shares in recent session compared to an average volume of 486.84K shares. The stock observed return of 44.52% in 5 days trading activity. The stock was at -12.30% over one month performance. GRWG’s shares are at 1.40% for the quarter and driving a 50.00% return over the course of the past year and is now at 6.10% since this point in 2018.

The average volatility for the week at 15.75% and for month was at 15.43%. There are 35.13M shares outstanding and 25.39M shares are floated in market. Right now the stock beta is 2.1.