$GRWG Volume Profile Indicates the End of the Bear Run is Near.

2 déc. 2021

Surely we are close to finding the buyers of GRWG? There was a lot of volume the last time we were at these price levels on GRWG. Though the growth is decelerating, there is still plenty of Growth projected for GRWG in 2022. According to 8 analysts polled, GRWG is expected to generate 531.24M revenue in 2022 which equates to a 1.74 Price Sales Ratio for 2022 based on a current market cap of 924.63M at the end of the day December 2, 2021. 2021 Revenue is projected to finish around $435 to $440 million which is a 2.1 Price to Sales Ratio in 2021. 2021-->2022 Growth Rate of around 25%. Compare these fundamentals to a Lowes or a Home Depot and figure out which is cheaper to buy right now.

Past Volume and fundamentals are there for this stock to find bottom, but will it? Marijuana sector is very weak, so my guess is maybe GRWG must wait for the summer of 2022 for elections to get things smoking again in the marijuana sector.

I have shares of this stock so maybe I am biased. Please share with me why I shouldn't buy more here?