- The shares of GrowGeneration (NASDAQ: GRWG) have received a $5 price target from Craig-Hallum. These are the details.
The shares of GrowGeneration (NASDAQ: GRWG) have received a $5 price target from Craig-Hallum. And Craig-Hallum analyst Eric Des Lauriers is maintaining a “Hold” rating on the shares.
Lauriers adjusted the rating following the company’s first-quarter results. These are the Q1 2022 highlights compared to the prior-year period:
— Net sales declined 9.2% to $81.8 million driven by softer industry demand
— Comparable store sales for the quarter decreased 35.5%
— Net loss of $5.2 million compared to net income of $6.1 million last year
— Loss per share of $0.09 in the quarter
— Adjusted EBITDA loss of $0.7 million
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