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NASDAQ:HYFM

Hydrofarm Holdings Group (HYFM) Stock Price, News & Analysis

$0.90
+0.04 (+4.64%)
(As of 02/29/2024 ET)
Today's Range
$0.83
$0.92
50-Day Range
$0.87
$1.04
52-Week Range
$0.67
$2.01
Volume
230,533 shs
Average Volume
167,518 shs
Market Capitalization
$41.32 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$0.90

Hydrofarm Holdings Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.3% Downside
$0.90 Price Target
Short Interest
Healthy
3.45% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.98
Upright™ Environmental Score
News Sentiment
0.72mentions of Hydrofarm Holdings Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.09) to ($0.62) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.88 out of 5 stars

Basic Materials Sector

133rd out of 172 stocks

Miscellaneous Nondurable Goods Industry

4th out of 4 stocks


HYFM stock logo

About Hydrofarm Holdings Group Stock (NASDAQ:HYFM)

Hydrofarm Holdings Group, Inc., together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment. It is also involved in the distribution of CEA equipment and supplies comprising grow light systems; heating, ventilation, and air conditioning systems; humidity and carbon dioxide monitors and controllers; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media made from soil, rock wool or coconut fiber. The company offers its products under the Phantom, PhotoBio, Active Aqua, Active Air, HEAVY 16, House & Garden, Mad Farmer, Roots Organics, Soul, Procision, Grotek, Gaia Green, and Innovative Growers Equipment brands. Hydrofarm Holdings Group, Inc. was founded in 1977 and is based in Shoemakersville, Pennsylvania.

HYFM Stock Price History

HYFM Stock News Headlines

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Here's what Wall Street expects from Hydrofarm's earnings
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Q2 2023 Hydrofarm Holdings Group Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
11/11/2021
Today
2/29/2024
Next Earnings (Confirmed)
2/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous nondurable goods
Sub-Industry
N/A
Current Symbol
NASDAQ:HYFM
Fax
N/A
Employees
498
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$0.90
High Stock Price Target
$0.90
Low Stock Price Target
$0.90
Potential Upside/Downside
-0.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-285,420,000.00
Pretax Margin
-33.10%

Debt

Sales & Book Value

Annual Sales
$240.86 million
Book Value
$7.75 per share

Miscellaneous

Free Float
44,021,000
Market Cap
$41.32 million
Optionable
Optionable
Beta
1.95
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HYFM Stock Analysis - Frequently Asked Questions

Should I buy or sell Hydrofarm Holdings Group stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hydrofarm Holdings Group in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HYFM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HYFM, but not buy additional shares or sell existing shares.
View HYFM analyst ratings
or view top-rated stocks.

What is Hydrofarm Holdings Group's stock price target for 2024?

2 equities research analysts have issued 1-year target prices for Hydrofarm Holdings Group's stock. Their HYFM share price targets range from $0.90 to $0.90. On average, they anticipate the company's stock price to reach $0.90 in the next year. This suggests that the stock has a possible downside of 0.3%.
View analysts price targets for HYFM
or view top-rated stocks among Wall Street analysts.

How have HYFM shares performed in 2024?

Hydrofarm Holdings Group's stock was trading at $0.9175 at the start of the year. Since then, HYFM shares have decreased by 1.6% and is now trading at $0.9029.
View the best growth stocks for 2024 here
.

When is Hydrofarm Holdings Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 29th 2024.
View our HYFM earnings forecast
.

How were Hydrofarm Holdings Group's earnings last quarter?

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) posted its earnings results on Thursday, November, 11th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by $0.08. The firm earned $123.82 million during the quarter, compared to analyst estimates of $122.72 million. Hydrofarm Holdings Group had a negative trailing twelve-month return on equity of 18.51% and a negative net margin of 35.24%.

What ETFs hold Hydrofarm Holdings Group's stock?

ETFs with the largest weight of Hydrofarm Holdings Group (NASDAQ:HYFM) stock in their portfolio include Global X AgTech & Food Innovation ETF (KROP), Axs Cannabis Etf (THCX), Cambria Cannabis ETF (TOKE) and Amplify Seymour Cannabis ETF (CNBS).Amplify Alternative Harvest ETF (MJ).

What guidance has Hydrofarm Holdings Group issued on next quarter's earnings?

Hydrofarm Holdings Group issued an update on its FY 2023 earnings guidance on Monday, December, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $230.0 million-$240.0 million, compared to the consensus revenue estimate of $233.6 million.

When did Hydrofarm Holdings Group IPO?

(HYFM) raised $130 million in an initial public offering on Thursday, December 10th 2020. The company issued 8,700,000 shares at a price of $14.00-$16.00 per share. J.P.Morgan, Stifel, Deutsche Bank Securities, Truist Securities and William Blair served as the underwriters for the IPO.

Who are Hydrofarm Holdings Group's major shareholders?

Hydrofarm Holdings Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include GSA Capital Partners LLP (1.25%), AXS Investments LLC (1.19%), Bridgeway Capital Management LLC (0.46%), Stifel Financial Corp (0.09%), Mirae Asset Global Investments Co. Ltd. (0.07%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Patrick Chung, Terence Fitch and William Douglas Toler.
View institutional ownership trends
.

How do I buy shares of Hydrofarm Holdings Group?

Shares of HYFM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HYFM) was last updated on 2/29/2024 by MarketBeat.com Staff