15 Cheapest Stocks Insiders Are Buying In March

12. GrowGeneration Corp. (NASDAQ:GRWG)

Market Capitalization: $76.11 million

GrowGeneration owns and operates retail hydroponic and organic gardening stores across the U.S. It sells a variety of cultivation products, including nutrients, lighting, and growing media, through physical stores and an online platform. The company also provides storage solutions and services such as site surveys, floor plan designs, and installations, serving markets like agriculture, retail, and hospitality.

For the full year of 2024, GrowGeneration reported net sales of $37.0 million, compared to $225.9 million in 2023. Gross profit was $43.7 million, compared to $61.3 million in 2023. Selling, general, and administrative expenses amounted to $29.2 million, which compares to $29.8 million for 2023, a decrease of 1.9%. GAAP net loss was $49.5 million for the year, compared to $46.5 million in 2023.

In March, two insiders, including the CEO, bought around $201,753 worth of GrowGeneration shares at an average price of $1.20 per share. The stock now trades at $1.28 per share, down 24.26% year-to-date, and 49.61% over the past 12 months.

Based on the estimates of two Wall Street analysts, GrowGeneration stock is rated a “Moderate Buy,” according to TipRanks. The average price target of $2.63 suggests a 105.47% upside from the last price of $1.28.