Marijuana Stock Movers For November 8, 2022
GAINERS:
GrowGeneration (NASDAQ:GRWG) shares closed up 35.05% at $4.47
JP Morgan Maintains Neutral on Scotts Miracle Gro, Lowers Price Target to $45
JP Morgan analyst Jeffrey Zekauskas maintains Scotts Miracle Gro (NYSE:SMG) with a Neutral and lowers the price target from $80 to $45.
The Scotts Miracle-Gro Hawthorne Sales Drop 50% YoY, Here Are The Details
The Scotts Miracle-Gro Company (NYSE: SMG) fiscal year 2022 company-wide sales decreased 20%, to $3.92 billion, compared with $4.93 billion a year ago. Hawthorne sales decreased 50% to $716.2 million.
ScottsMiracle-Gro Sees FY23 Mid-Single Digit Percentage Growth In Adj. EBITDA vs 2022
Fiscal 2023 Outlook
The Company provided direction for fiscal 2023 that includes the following:
Low single-digit percentage growth in adjusted operating income versus fiscal 2022
Mid-single digit percentage
Cannabis Stock Gainers And Losers From September 21, 2022
GAINERS:
Icanic Brands (OTC:ICNAF) shares closed up 18.62% at $0.07