Hydrofarm Holdings Group Inc. (NASDAQ:HYFM) traded with an addition of $0.19 to close at $1.66 on Thursday, an upside of 12.93 percent. An average of 599,562 shares of common stock have been traded in the last five days. There was a gain of $0.0600 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 907,285 shares traded, while the 50-day average volume stands at 890,670.
HYFM stock has decreased by -38.49% in the last month. The company shares reached their 1-month lowest point of $1.4200 on 12/28/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $1.42 and a high of $29.80 in 52 weeks. It has reached a new high 1 time so far this year and lost -94.80% or -$26.6400 in price. In spite of this, the price is down -94.43% from the 52-week high.
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HYFM stock investors should be aware that Hydrofarm Holdings Group Inc. (HYFM) stock had its last reported insider trading activity 288 days ago on Aug 12. In this transaction, the insider spent $51,240. President, Fitch Terence, disposed of 13,100 shares at a price of $13.38 on Mar 15. The insider now owns more than $175,278 worth of shares.
Hydrofarm Holdings Group Inc. (HYFM) has a trailing price-to-sales (P/S) ratio at 0.17, the price-to-book (PB) ratio at 0.17.
The quick ratio of Hydrofarm Holdings Group Inc. for the three months ended September 29 was 1.00, and the current ratio was 3.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.31 and a total debt to equity ratio of 0.32 for the quarter ending September 29. Its gross profit as reported stood at $101.49 million compared to revenue of $479.42 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Hydrofarm Holdings Group Inc.’s return on assets was -34.60%.
For the three-month period that ended September 29, Hydrofarm Holdings Group Inc. had $118.81 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$23.54 million in the quarter, while revenues were grew 173.36%. The analyst consensus anticipated Hydrofarm Holdings Group Inc.’s latest quarter earnings to come in at -$0.32 per share, but it turned out to be -$0.33, a -3.10% surprise. For the quarter, EBITDA amounted to -$11.88 million. Shareholders own equity worth $45.17 million.
From a technical analysis perspective, let’s take a brief look at Hydrofarm Holdings Group Inc. (HYFM) price momentum. RSI 9-day as of the close on 28 December was 38.76%, suggesting the stock is Neutral, with historical volatility in this time frame at 86.57%.
As of today, HYFM’s price is $1.5680 +3.77% or $0.0600 from its 5-day moving average. HYFM is currently trading -34.26% lower than its 20-day SMA and -44.07% lower than its 100-day SMA. However, the stock’s current price level is -30.67% below the SMA50 and -88.21% below the SMA200.
The stochastic %K and %D were 10.40% and 7.58%, respectively, and the average true range (ATR) was 0.1936. With the 14-day stochastic at 23.23% and the average true range at 0.2152, the RSI (14) stands at 38.91%. The stock has reached -0.0789 on the 9-day MACD Oscillator while the 14-day reading was at -0.2099.
JP Morgan downgraded Hydrofarm Holdings Group Inc. (NASDAQ: HYFM) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Hydrofarm Holdings Group Inc. (HYFM) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HYFM, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is HYFM’s price target for the next 12 months?
Analysts predict a range of price targets between $2.00 and $5.00, with a median target of $3.75. Taking a look at these predictions, the average price target given by analysts for Hydrofarm Holdings Group Inc. (HYFM) stock is $3.63.