How to Buy Scotts Miracle Gro Co Stock
Scotts Miracle Gro Co
Scotts Miracle Gro Co is a agricultural input company located in Ohio, United States, which is part of the Basic Materials sector, and is traded under the ticker SMG on the NYSE exchange.
Scotts Miracle Gro Co stock last closed at $66.74, up 4.9% from the previous day, and has decreased 30.9% in one year. It has overperformed other stocks in the Agricultural Inputs industry by 0.07 percentage points. Scotts Miracle Gro Co stock is currently +70.89% from its 52-week low of $39.06, and -34.73% from its 52-week high of $102.25.
At the moment, there are 56.07M SMG shares outstanding. The market capitalization of SMG is $3.74B. In the last 24 hours, 529,035 SMG shares were traded.
How to Buy Scotts Miracle Gro Co Stock
Not sure how to invest in Scotts Miracle Gro Co stock? Here's how.
- Figure out where to buy Scotts Miracle Gro Co stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Scotts Miracle Gro Co stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Pick your payment method and add your information.
- Analyze Scotts Miracle Gro Co stock: The Scotts Miracle Gro Co ticker symbol is SMG. Is Scotts Miracle Gro Co stock a good investment? Should you buy shares of SMG? How do SMG's underlying business fundamentals look? Do top analysts think Scotts Miracle Gro Co is a good buy? Why has SMG's stock price moved recently? (Hint: Our stock research tools can help you evaluate if SMG is a good stock to buy).
- Make your SMG buy order: Decide if you will purchase SMG shares at the current market price or use a limit order to purchase SMG shares at a specific price.
- Get the latest scoop on your investment in SMG: Create a watchlist to keep track of your new investment in Scotts Miracle Gro Co stock.
Step 1: Figure out where to buy Scotts Miracle Gro Co stock
You need an online brokerage account in order to access the NYSE market and buy SMG stock.
Our recommended brokerage: eToro
Based on our experience, eToro is the best brokerage. eToro gives you:
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Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal details so you can invest in SMG today.
How to Create a New Investment Account on eToro
- Click here to get started.
- Input your personal info to open your new brokerage account.
- Send your details by pressing the "Create Account" button.
Step 3: Deposit money your investment account
Now that you've created your account on stock market app, you need to deposit funds:
Watch the video below to see the process of transferring funds into your new brokerage account.
Step 4: Analyze Scotts Miracle Gro Co stock
After you have identified the best place to buy Scotts Miracle Gro Co stock, it's very important to analyze their stock prior to buying, so you actually wrap your head around the risk and upside.
Scotts Miracle Gro Co stock at a glance
Scotts Miracle Gro Co Overview
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on SMG's stock page.
Is SMG stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge SMG's true value.
Using relative valuations methods:
- SMG may be overvalued based on its P/B ratio of 27.22x, relative to Agricultural Inputs industry P/B ratio of 1.48x
You can access additional valuation analysis on SMG's stock here.
SMG Financial Health
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the SMG balance sheet.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the SMG balance sheet.
- SMG profit margin has gone down from 8.8% to -16.6% in the past year.
- SMG earnings of -$635.80M is not sufficient to cover its interest payments.
- SMG's operating cash flow of $446.70M allows it to safely service it's debt of $3.57B.
- SMG has a relatively high debt to equity ratio of 35.28.
- Total SMG debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy Scotts Miracle Gro Co stock
Out of 7 sell side analysts who give ratings on SMG, the consensus analyst rating on Scotts Miracle Gro Co is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest SMG Analyst Ratings
Jeffrey Zekauskas, a top 5% analyst from JP Morgan upgrades SMG to a strong buy rating and announces their SMG price target of $80.00, on May 8, 2023.
Bill Chappell, a bottom 9% analyst from Truist Securities maintains SMG with a hold rating and lowers their SMG price target from $70.00 to $65.00, on May 4, 2023.
Chris Carey, a top 12% analyst from Wells Fargo maintains SMG with a strong buy rating and lowers their SMG price target from $100.00 to $85.00, on May 4, 2023.
W. Andrew Carter, a bottom 9% analyst from Stifel Nicolaus upgrades SMG to a strong buy rating and raises their SMG price target from $65.00 to $80.00, on May 1, 2023.
Gaurav Jain, a top 16% analyst from Barclays downgrades SMG to a hold rating and lowers their SMG price target from $105.00 to $70.00, on Apr 26, 2023.
You can dig deeper into what analysts are saying on the Scotts Miracle Gro Co stock forecast page.
SMG Momentum
Is SMG Making Money?
Last year, SMG revenue was $3.74B. Over the last 5 year, SMG's revenue has grown by 7.66% per year. This was slower than the Agricultural Inputs industry average of 12.14%.
You can analyze SMG's earnings and revenue performance here.
Who is buying/selling SMG?
Over the last year, executives and large shareholders at SMG have sold more shares than they have bought.
James Hagedorn, Chairman and CEO of SMG, was the latest SMG insider to sell. They sold $999,517.36 worth of SMG stock on May 12, 2023.
Research more about who owns SMG stock here.
Does SMG provide a stable income stream?
Scotts Miracle Gro Co pays a dividend of 3.96%, compared to the Agricultural Inputs industry's average dividend yield of 7.95%. If you owned $1,000 worth of SMG stock, you would have received $39.56 in the past 12 months.
Scotts Miracle Gro Co dividend payments have consistently grown over the past decade but have not remained stable.
Find more analysis about Scotts Miracle Gro Co dividend yield and history here.
What others are saying about SMG
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your SMG buy order
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, use a limit order.
Hit the Open button and your broker will place the order.
If you require more help with buying stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your investment in SMG
Now that you own some shares in SMG, you'll want to stay up-to-date on your investment.
Start a watchlist to track the latest developments regarding your SMG stock.
SMG Feed
How to Buy Stock in Scotts Miracle Gro Co
To summarize, here are the 6 steps you need to take to buy Scotts Miracle Gro Co stock right now:
- Figure out where to buy Scotts Miracle Gro Co stock
- Sign up for your brokerage account
- Deposit money your investment account
- Analyze Scotts Miracle Gro Co stock
- Make your SMG buy order
- Get the latest scoop on your investment in SMG
If you require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Scotts Miracle Gro Co, click below.
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