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The lawn care industry has witnessed a remarkable surge in performance, with a substantial 14.82% increase over the past week. This surge is reflected in the positive outlook of key tickers within this sector. In this article, we will explore the thematic landscape and delve into the specifics of the four major players: Scotts Miracle-Gro Company (SMG), Central Garden & Pet (CENT), Central Garden & Pet Class A (CENTA), and Dogness (International) (DOGZ).
Positive Outlook and Volume Indicator
The stocks in the lawn care theme exhibit a positive outlook, substantiated by the Volume Indicator. Tickeron, a prominent stock analysis platform, shares this optimism, predicting a further increase of more than 4.00% within the next month, with a likelihood of 63%. Over the last month, the daily ratio of advancing to declining volumes was 1.44 to 1.
Moreover, the Moving Average (MA50) indicator reinforces this positive sentiment, with 78% of the stocks in the thematic group confirming the upward trend.
Market Capitalization Dynamics
Diversity characterizes the market capitalization within the lawn care theme. The average market capitalization is 1.8 billion dollars. SMG holds the crown with a valuation of 3.2 billion dollars, while DOGZ takes the position as the lowest valued company at 6.3 million dollars.
Highs and Lows: Price Notables
The weekly price growth across all stocks in the lawn care theme averaged an impressive 14.77%. On a monthly scale, this growth surged to 60.23%, while the quarterly growth maintained a steady 2.9%. DOGZ stands out with the highest price growth at 64.67%, while SMG faced a temporary dip with a fall of -6.97%.
Noteworthy is the volatility witnessed in individual stocks:
Volume Surge: A Clear Indicator
Volume growth is a key metric, and the lawn care theme stocks have not disappointed. The average weekly volume growth is a robust 15.56%. Monthly and quarterly growth percentages are even more striking, standing at 78.47% and 155.21%, respectively.
Several individual instances stand out:
Individual Stock Analysis
1. Scotts Miracle-Gro Company (SMG)
2. Central Garden & Pet (CENT)
3. Dogness (International) (DOGZ)
In summary, the lawn care industry, as reflected by the performance of SMG, CENT, CENTA, and DOGZ, is experiencing a notable upswing. Investors are advised to carefully consider individual stock trends and market dynamics before making informed decisions in this green haven.
SMG moved above its 50-day moving average on May 13, 2024 date and that indicates a change from a downward trend to an upward trend. In of 31 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 47 cases where SMG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 09, 2024. You may want to consider a long position or call options on SMG as a result. In of 73 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for SMG just turned positive on May 13, 2024. Looking at past instances where SMG's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SMG advanced for three days, in of 299 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for SMG moved out of overbought territory on April 10, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The 10-day moving average for SMG crossed bearishly below the 50-day moving average on April 30, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SMG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SMG broke above its upper Bollinger Band on May 03, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for SMG entered a downward trend on May 10, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: SMG's P/B Ratio (21.946) is very high in comparison to the industry average of (3.986). P/E Ratio (11.455) is within average values for comparable stocks, (22.688). Projected Growth (PEG Ratio) (1.186) is also within normal values, averaging (1.575). Dividend Yield (0.037) settles around the average of (0.055) among similar stocks. P/S Ratio (1.176) is also within normal values, averaging (591.248).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SMG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SMG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of consumer lawn and garden products
Industry ChemicalsAgricultural