Scotts Miracle-Gro Co (SMG) stock has gained 0.96% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.
Scotts Miracle-Gro Co has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on SMG!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With SMG Stock Today?
Scotts Miracle-Gro Co (SMG) stock is down -0.29% while the S&P 500 is higher by 0.33% as of 2:59 PM on Wednesday, Oct 20. SMG is down -$0.43 from the previous closing price of $148.52 on volume of 172,802 shares. Over the past year the S&P 500 has gained 32.32% while SMG is down -9.59%. SMG earned $9.86 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.02.
To see InvestorsObserver's Sentiment Score for Scotts Miracle-Gro Co click here.
More About Scotts Miracle-Gro Co
Scotts Miracle-Gro is the largest provider of gardening and lawncare products in the United States. The majority of the company's sales are to large retailers that include Home Depot, Lowe's, and Walmart. Scotts Miracle-Gro can sell its products at a higher price point than its competition because of a well-recognized portfolio of brands that include Miracle-Gro, Roundup, Ortho, Tomcat, and Scotts. Scotts is also the leading supplier of cannabis-growing equipment in North America through its Hawthorne business.
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