Grocery Outlet Holding Corp. Common Stock | GO

Daily Technical Analysis of Grocery Outlet Holding Corp. Common Stock

Grocery Outlet Holding is down a bit on the day, funds flowing out kept the price down -2.28% since yesterday.

Grocery Outlet Holding doesn't seem to be at a very clear reversal point in either direction. Grocery Outlet Holding hasn't shown a lot of strength recently, shareholders don't seem that energized about the asset's future prospects. GO might find some support at the 13.86 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Grocery Outlet Holding By Price Target And Rating

The analysts are pretty neutral on Grocery Outlet Holding right now, so not much useful information here. The current Analysts Sentiment Score is 0.35. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-02-28 Telsey Advisory Group lowered their price target by -7.5% to $37.00. Craig Hallum upgraded from Hold to Buy on 2024-02-28 and provided a price target of $36.00. The Goldman Sachs Group downgraded from Buy to Sell on 2023-12-12 and they lowered their price target by -27.27% to $24.00 from a previous target of $33.00. Morgan Stanley announced a lowering of their price target to $20.00 from $27.00 on 2023-11-09. Roth Mkm dropped their price target by -6.45% to $29.00 on 2023-11-08. On 2023-08-09 Credit Suisse Group increased their price target by 10% to $33.00. Deutsche Bank Aktiengesel gave a boost to their price target and moved to $39.00 from $38.00 on 2023-08-09. On 2023-08-09 UBS Group increased their price target by 31.03% to $38.00. On 2023-08-02 Jefferies Financial Group increased their price target by 16.67% to $35.00. On 2023-03-02 there was confirmation of the previous rating by Roth Capital which was Neutral.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Grocery Outlet Holding

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Grocery Outlet Holding

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.