GrowGeneration is a company dedicated to selling hydroponics equipment.

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GROWGENERATION($NASDAQ:GRWG): GrowGeneration is a company that is dedicated to selling hydroponics equipment. They have more than 60 stores located across America. this will affect their market and earnings in the long term because people are becoming more interested in growing their own food. With the current pandemic, people are wanting to be more self-sufficient and grow their own food so that they don’t have to rely on the grocery store. I think that GrowGeneration is in a good position to capitalize on this trend.

Share Price

On Friday, GROWGENERATION stock opened at $5.3 and closed at $4.9. The company’s products are used by commercial and home growers to produce fruits, vegetables, and herbs.

VI Analysis

This means that it has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster. However, GROWGENERATION is strong in terms of asset growth and medium in terms of profitability. It is also considered to have an intermediate health score of 4/10, meaning it is likely to safely ride out any crisis without the risk of bankruptcy.

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Summary

The company’s mission is to “bring the garden indoors” and they sell everything from grow lights to hydroponic systems. They also offer classes and workshops on how to use hydroponics to grow plants. GrowGeneration was founded by Darren and Michael Salzman. Michael is the COO and has a background in finance. However, the stock price moved down the same day that news came out that Amazon was going to start selling hydroponics equipment. They are the largest hydroponics retailer in the United States and are continuing to grow.