Overall market sentiment has been high on Scotts Miracle-Gro Co (SMG) stock lately. SMG receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With SMG Stock Today?
Scotts Miracle-Gro Co (SMG) stock is up 3.47% while the S&P 500 is down -0.29% as of 1:25 PM on Tuesday, Jul 7. SMG is up $4.67 from the previous closing price of $134.43 on volume of 136,170 shares. Over the past year the S&P 500 has gained 6.54% while SMG is up 38.96%. SMG earned $5.74 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 24.24.
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.
