Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Scotts Miracle-Gro Co before investing.

In this article, we go over a few key elements for understanding Scotts Miracle-Gro Co’s stock price such as:

• Scotts Miracle-Gro Co’s current stock price and volume
• Why Scotts Miracle-Gro Co’s stock price changed recently
• Upgrades and downgrades for SMG from analysts
• SMG’s stock price momentum as measured by its relative strength

About Scotts Miracle-Gro Co (SMG)

Before we jump into Scotts Miracle-Gro Co’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

The Scotts Miracle-Gro Company is a manufacturer and marketer of branded consumer products for lawn and garden care. The Company's segments include United States (U.S.) Consumer, Hawthorne and Other. The U.S. Consumer segment consists of its consumer lawn and garden business in the United States. Its consumer lawn and garden brands include Scotts and Turf Builder lawn fertilizer and Scotts grass seed products; Miracle-Gro soil, plant food and gardening products; Ortho herbicide and pesticide products, and Tomcat rodent control and animal repellent products. The Hawthorne segment manufactures, markets and distributes lighting, nutrients, growing media, growing environments and hardware products for indoor and hydroponic gardening in North America. Its brands include General Hydroponics, Gavita, Botanicare, Agrolux, Gro Pro, Mother Earth, Grower's Edge, HydroLogic Purification System and Cyco. The Other segment primarily consists of its consumer lawn and garden business in Canada.

Want to learn more about Scotts Miracle-Gro Co’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Scotts Miracle-Gro Co.

Scotts Miracle-Gro Co’s Stock Price as of Market Close

As of September 23, 2024, 4:00 PM, CST, Scotts Miracle-Gro Co’s stock price was $77.92.

Scotts Miracle-Gro Co is up 5.47% from its previous closing price of $73.88.

During the last market session, Scotts Miracle-Gro Co’s stock traded between $73.00 and $74.75. Currently, there are 56.80 million shares of Scotts Miracle-Gro Co stock available for purchase.

Unfortunately, Scotts Miracle-Gro Co’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Scotts Miracle-Gro Co Stock Price History

Scotts Miracle-Gro Co’s (SMG) price is currently up 9.78% so far this month.

During the month of September, Scotts Miracle-Gro Co’s stock price has reached a high of $78.34 and a low of $65.36.

Over the last year, Scotts Miracle-Gro Co has hit prices as high as $82.11 and as low as $43.67. Year to date, Scotts Miracle-Gro Co’s stock is up 60.36%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Scotts Miracle-Gro Co Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 20, 2024, there were 6 analysts who downgraded Scotts Miracle-Gro Co’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Scotts Miracle-Gro Co’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Scotts Miracle-Gro Co’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Scotts Miracle-Gro Co’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Scotts Miracle-Gro Co (SMG) by visiting AAII Stock Evaluator.

Relative Price Strength of Scotts Miracle-Gro Co

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 20, 2024, Scotts Miracle-Gro Co has a weighted four-quarter relative price strength of 3.23%, which translates to a Momentum Score of 72 and is considered to be Strong.

Want to learn more about how Scotts Miracle-Gro Co is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Scotts Miracle-Gro Co Stock Price: Bottom Line

As of September 23, 2024, Scotts Miracle-Gro Co’s stock price is $77.92, which is up 5.47% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Scotts Miracle-Gro Co stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.