Hydrofarm Holdings Group Inc. (NASDAQ:HYFM) currently has a daily average trading volume of 892.58K but it saw 409109 shares traded on Wednesday. With a market cap of 125.32M USD, stock’s current market price of $2.68 came rising about 2.68 while comparing to the previous closing price of $2.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.04 and as low as $1.88. In the recent trading on the day, stock has struck highest price mark of $2.75 while lowest mark touched by it was $2.59.
Taking a look at 20-day trading activity of Hydrofarm Holdings Group Inc. (HYFM) gives us an average price of $2.56, while its current price level is -92.76% below from 52-week high level whereas it is 42.93% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.40 while that of 200 days or SMA-200 reads an average of $7.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.77% during that period while stretching the period over a month that increases to 11.28%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 53.49 which implies that the stock is in neutral territory.
Hydrofarm Holdings Group Inc. (HYFM)’s stock is currently under the radar of 6 analysts who are in consensus at a 12-month price target range of between $2.00 and $5.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $2.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $5.00. Average price target assigned by them is $3.63 which highlights an upside potential of 26.17% for the stock over that period. And to attain the median price target of $3.75 assigned by those analysts, stock has to add about 28.53% of value to its current levels.
Data by FactSet Research shows that 6 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 4 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
UBS downgraded its recommendation for the stock as a “Neutral” from “Buy” on May 11, 2022 while assigning a price target range of $26-$8. Stifel also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $13 and $8.
Over the week, HYFM’s stock price is moving 0.75% up while it is 7.63% when we observe its performance for the past one month. Year-to-date it is -90.53% down and over the past year, the stock is showing a downside performance of -92.62%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of -$0.19 beat the consensus estimate of -$0.25 for the same. The company is expected to be releasing its next quarterly report in 03/28/2023, for which analysts forecasted an EPS of -$0.32 while estimate for next year EPS is -$1.13. For HYFM, analysts are forecasting an EPS-growth rate of -291.50% for current year and estimate for EPS growth in next year is 51.30%. In next quarter, company is expected to be making quarterly sales of $61.36 million as analysts are expecting the sales for current fiscal year at $337.48 million and seeing the company making $350.1 million in sales next year. Moreover, analysts are in estimates of $67.21 million for current-quarter revenue.
Currently, Hydrofarm Holdings Group Inc.’s total number of outstanding shares is 45.09M with 12.20% of that held by the insiders while 54.30% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.10% and return on equity (ROE) at -51.20%. Stock has a price to book (P/B) ratio of 0.32 while price to sale or P/S ratio amounts to 0.32. Its return on asset (ROA) is -34.60% on average.