Grocery Outlet Holding Corp. Common Stock | GO

Daily Technical Analysis of Grocery Outlet Holding Corp. Common Stock

Grocery Outlet Holding is up a bit on the day, funds flowing in kept the price up 1.37% since yesterday.

Grocery Outlet Holding doesn't seem to be at a very clear reversal point in either direction. Grocery Outlet Holding hasn't established a very strong momentum in either direction over the last 3 months. We'll see if a stronger consensus among market participants emerges. GO might find some support at the 33.14 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 balance of viewpoints by the analysts is positive. The current Analysts Sentiment Score is 90.21. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Morgan Stanley gave a boost to their price target and increased it to 25.0027.00 on 2023-08-22. Roth Mkm boosted their price target to 29.0031.00 on 2023-08-14. On 2023-08-09 UBS Group increased their price target to 29.0038.00. Deutsche Bank Aktiengesel gave a boost to their price target and increased it to 38.0039.00 on 2023-08-09. On 2023-08-09 Credit Suisse Group increased their price target to 30.0033.00. Telsey Advisory Group reiterated a rating of Outperform ➝ Outperform on 2023-08-09 and provided a price target of $40.00. On 2023-08-02 Jefferies Financial Group increased their price target to 30.0035.00. On 2023-03-02 there was confirmation of the previous rating by Roth Capital which was Neutral. Craig Hallum downgraded the stock of Buy ➝ Hold on 2023-03-01. On 2023-03-01 The Goldman Sachs Group decreased their price target to 38.0034.00.

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.