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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
10/08/2024 10:06:00 EST
Scotts Miracle-Gro Company (SMG)
Industry: Agricultural Inputs
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, SMG has been trading in a range between $87.11 and $66.35 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Scotts Miracle-Gro Company $SMG entered a Red zone 4 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $62.29, a potential down side of -25.91% from the recent price of 84.07. The stock is trading 5.09% (potential upside) below its 52 week high of $88.35 and 100.93 % (potential downside) above its 52 week low of $41.84 - based on the recent price.
Company Summary
The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally It operates through three segments: U. S.
News
| Top Ancillary Cannabis Companies to Watch in October 2024 The US cannabis industry is rapidly expanding, with sales projected to reach $45.8 billion by 2025. Ancillary cannabis companies, which provide essential products and services to the industry, are crucial to this growth. These companies support everything from cultivation to packaging, helping marijuana businesses thrive. Recently, headlines have been buzzing about potential federal legalization, as several bills have been introduced in Congress. If passed, these could accelerate industry expansion and lead to even greater investment opportunities. With the market's future looking bright, it's essential to keep an eye on key ancillary stocks this week. Source: MarijuanaStocks Tue, 08 Oct 2024 10:00:29 -0400 Sentiment: Positive |
| Here's Why Scotts Miracle-Gro (SMG) is a Strong Momentum Stock Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service. Source: Zacks Investment Research Wed, 02 Oct 2024 10:51:24 -0400 Sentiment: Positive |
| NYSE: SMG Lawsuit against Directors filed - Investors in shares of The Scotts Miracle-Gro Company (NYSE: SMG) should contact the Shareholders Foundation SAN DIEGO , Sept. 30, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announces that a lawsuit was filed by a NYSE: SMG investor against certain directors of Scotts Miracle-Gro Company. Source: PRNewsWire Mon, 30 Sep 2024 13:30:00 -0400 Sentiment: Neutral |
| Best Ancillary Cannabis Stocks Poised for Growth Before Q4 2024 The US cannabis industry is growing at a rapid pace, with sales expected to reach $52 billion by 2026. As more states move toward legalization, ancillary companies that provide essential products and services are also gaining traction. These companies, which do not directly handle cannabis but support its production, are vital to the industry's expansion. Recently, headlines have focused on discussions around federal legalization, sparking optimism for future growth. Investors looking to capitalize on this momentum should watch ancillary cannabis stocks, which often experience less regulatory risk than direct cannabis producers. Source: MarijuanaStocks Tue, 24 Sep 2024 09:00:51 -0400 Sentiment: Positive |
| Scotts Miracle-Gro: A Turnaround Is Very Probable The strong recovery since their decline between 2021-2022, especially in the US consumer segment, is driving overall revenue growth despite challenges in the Hawthorne division. I'm encouraged by management's effective debt reduction efforts, which decreased borrowings by $600 million over the past year. Despite a 28% revenue decline in the Hawthorne segment, I find the segment's return to profitability and improving fundamentals quite promising. Source: Seeking Alpha Fri, 20 Sep 2024 04:54:08 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 88.35 52 Week Low: 41.8373 Beta: 1.742 50 Day MA: 73.7262 200 Day MA: 67.3558 Earnings / Revenue Trends Qtr Earnings Growth YOY: 1.961 Qtr Revenue Growth YOY: 0.075 Forward PE: 20.6186 Trailing PE: 0