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

2 Wall Street equities 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 equities 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 Wall Street 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 share price to reach $0.90 in the next twelve months. This suggests that the stock has a possible downside of 2.2%. 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 beginning of the year. Since then, HYFM shares have increased by 0.3% and is now trading at $0.92. View the best growth stocks for 2024 here .

Are investors shorting Hydrofarm Holdings Group?

Hydrofarm Holdings Group saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,390,000 shares, a decline of 11.5% from the March 15th total of 1,570,000 shares. Based on an average trading volume of 190,000 shares, the short-interest ratio is currently 7.3 days. View Hydrofarm Holdings Group's Short Interest .

When is Hydrofarm Holdings Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our HYFM earnings forecast .

How were Hydrofarm Holdings Group's earnings last quarter?

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) announced its quarterly earnings results on Thursday, February, 29th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by $0.06. The business had revenue of $47.18 million for the quarter, compared to analysts' expectations of $51.50 million. Hydrofarm Holdings Group had a negative net margin of 28.60% and a negative trailing twelve-month return on equity of 16.76%.

What ETFs hold Hydrofarm Holdings Group's stock?

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

When did Hydrofarm Holdings Group IPO?

Hydrofarm Holdings Group (HYFM) raised $130 million in an initial public offering on Thursday, December 10th 2020. The company issued 8,700,000 shares at $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.

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 .

NASDAQ:HYFM

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

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$0.92

-0.01 (-1.08%)

(As of 04/18/2024 ET)

Compare

Today's Range: $0.92
▼
$0.97
50-Day Range: $0.79
▼
$1.17
52-Week Range: $0.67
▼
$1.70

Volume: 77,178 shs
Average Volume: 183,424 shs
Market Capitalization: $42.13 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $0.90

Get Hydrofarm Holdings Group alerts:

Hydrofarm Holdings Group MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 2.2% Downside
$0.90 Price Target
Short Interest: Healthy
3.04% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -3.14
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.08) to ($0.92) 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.

1.97 out of 5 stars

Basic Materials Sector

131st out of 174 stocks

Miscellaneous Nondurable Goods Industry

5th out of 5 stocks

1.0

Analyst's Opinion

Consensus Rating
Hydrofarm Holdings Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Hydrofarm Holdings Group has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.04% of the outstanding shares of Hydrofarm Holdings Group have been sold short.
Short Interest Ratio / Days to Cover
Hydrofarm Holdings Group has a short interest ratio ("days to cover") of 7.3.
Change versus previous month
Short interest in Hydrofarm Holdings Group has recently decreased by 11.46%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Hydrofarm Holdings Group does not currently pay a dividend.
Dividend Growth
Hydrofarm Holdings Group does not have a long track record of dividend growth.

1.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Hydrofarm Holdings Group has received a -10.55% net impact score from Upright. The largest negative impact of Hydrofarm in category "GHG emissions" seems to be driven mostly by its "Hydroponic systems", "Fertilizers", and "Air conditioners" products. See details.
Environmental Sustainability
The Environmental Impact score for Hydrofarm Holdings Group is -3.14.

3.6

News and Social Media Coverage

News Sentiment
Hydrofarm Holdings Group has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.39 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Hydrofarm Holdings Group this week, compared to 0 articles on an average week.
Search Interest
3 people have searched for HYFM on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Hydrofarm Holdings Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hydrofarm Holdings Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.80% of the stock of Hydrofarm Holdings Group is held by insiders.
Percentage Held by Institutions
Only 26.61% of the stock of Hydrofarm Holdings Group is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Hydrofarm Holdings Group are expected to grow in the coming year, from ($1.08) to ($0.92) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hydrofarm Holdings Group is -0.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hydrofarm Holdings Group is -0.65, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Hydrofarm Holdings Group has a P/B Ratio of 0.14. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Hydrofarm Holdings Group Stock (NASDAQ:HYFM)

Hydrofarm Holdings Group, Inc., together with its subsidiaries, manufactures and distributes 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 nutrients and fertilizers; grow light systems; horticulture benches and racking systems; heating, ventilation, and air conditioning systems; humidity and carbon dioxide monitors and controllers; water pumps, heaters, chillers, and filters; and various growing media typically made from soil, peat, rock wool or coconut fiber, and others. The company offers its products to specialty hydroponic retailers, commercial resellers and greenhouse builders, garden centers, hardware stores, and e-commerce retailers under the Active Air, Active Aqua, Aurora Peat Products, HEAVY 16, House & Garden, Gaia Green, Grotek, Innovative Growers Equipment, Mad Farmer, Phantom, PHOTOBIO, Procision, Roots Organics, Soul, and SunBlaster brands. It serves its products through a range of commercial and home gardening equipment and supplies retailers. Hydrofarm Holdings Group, Inc. was founded in 1977 and is based in Shoemakersville, Pennsylvania.

HYFM Stock Price History

30 days | 90 days | 365 days | Advanced Chart

HYFM Stock News Headlines

April 16, 2024 | finance.yahoo.com

Hydrofarm Holdings Group, Inc. (HYFM)

March 10, 2024 | investing.com

Hydrofarm Holdings Group Inc (HYFM)

April 18, 2024 | DTI (Ad)

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March 5, 2024 | finance.yahoo.com

Bearish: Analysts Just Cut Their Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Revenue and EPS estimates

March 3, 2024 | finance.yahoo.com

Hydrofarm Holdings Group Full Year 2023 Earnings: Misses Expectations

March 2, 2024 | seekingalpha.com

Hydrofarm Holdings Group, Inc. (HYFM) Q4 2023 Earnings Call Transcript

March 1, 2024 | investorplace.com

3 Stock Picks to Ride the Vertical Farming Wave

March 1, 2024 | finance.yahoo.com

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Q4 2023 Earnings Call Transcript

April 18, 2024 | DTI (Ad)

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February 29, 2024 | finanznachrichten.de

Hydrofarm Holdings Group, Inc.: Hydrofarm Holdings Group Announces Fourth Quarter and Full Year 2023 Results

February 29, 2024 | msn.com

Restructuring Plan Pays Off For Ancillary Cannabis Co. Despite YoY Net Sales Drop In Q4

February 29, 2024 | globenewswire.com

Hydrofarm Holdings Group Announces Fourth Quarter and Full Year 2023 Results

February 16, 2024 | finance.yahoo.com

Zacks Industry Outlook Highlights like West Fraser Timber, CalMaine Foods, GrowGeneration, Hydrofarm and Arcadia Biosciences

February 15, 2024 | finance.yahoo.com

Hydrofarm Holdings Group, Inc. to Announce Fourth Quarter and Full Year 2023 Results on February 29, 2024

February 15, 2024 | globenewswire.com

Hydrofarm Holdings Group, Inc. to Announce Fourth Quarter and Full Year 2023 Results on February 29, 2024

February 6, 2024 | finance.yahoo.com

13 Best Hemp Stocks To Buy Now

February 4, 2024 | morningstar.com

Hydrofarm Holdings Group Inc Ordinary Shares HYFM

February 1, 2024 | finance.yahoo.com

Hydrofarm Showcases Sustainable Indoor Gardening Solutions on 'The Balancing Act'

January 2, 2024 | finance.yahoo.com

Hydrofarm Holdings Group to Participate in the 2024 ICR Conference

December 6, 2023 | finance.yahoo.com

3 Top-Rated Cannabis Stocks That Analysts Are Loving Now

November 10, 2023 | msn.com

Restructuring Efforts Yield Results For Cannabis-Focused Agriculture Equipment Maker Despite 27% YoY Revenue Drop In Q3

November 10, 2023 | finance.yahoo.com

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Q3 2023 Earnings Call Transcript

November 8, 2023 | markets.businessinsider.com

Here's what Wall Street expects from Hydrofarm's earnings

November 8, 2023 | finance.yahoo.com

ICL Group (ICL) Q3 Earnings and Revenues Surpass Estimates

October 26, 2023 | finance.yahoo.com

Hydrofarm Holdings Group, Inc. to Announce Third Quarter 2023 Results on November 9, 2023

September 27, 2023 | finance.yahoo.com

Top 20 Weed Smoking Countries in the World

August 14, 2023 | finance.yahoo.com

These Analysts Just Made A Neat Downgrade To Their Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) EPS Forecasts

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Basic Materials
Industry: Miscellaneous nondurable goods
Sub-Industry: N/A
Current Symbol: NASDAQ:HYFM
CUSIP: N/A
CIK: 1695295
Web: www.hydrofarm.com
Phone: 707-765-9990
Fax: N/A
Employees: 369
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: -3.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.42)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-64,810,000.00
Net Margins: -28.60%
Pretax Margin: -28.70%
Return on Equity: -16.76%
Return on Assets: -9.83%

Debt

Debt-to-Equity Ratio: 0.43
Current Ratio: 3.40
Quick Ratio: 1.40

Sales & Book Value

Annual Sales: $226.58 million
Price / Sales: 0.19
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $6.35 per share
Price / Book: 0.15

Miscellaneous

Outstanding Shares: 45,790,000
Free Float: 44,055,000
Market Cap: $42.53 million
Optionable: Optionable
Beta: 1.95

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Key Executives

Mr. William Douglas Toler (Age 64)
CEO & Chairman of the Board
Comp: $712.16k
Mr. B. John Lindeman (Age 54)
Executive VP & CFO
Comp: $542.03k
Mr. Mark S. Parker (Age 63)
Executive Vice President of Sales & Business Development
Comp: $378.83k
Mr. Kevin Patrick O'Brien (Age 43)
Chief Accounting Officer
Mr. Jeffrey Peterson
Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

HYFM Stock Analysis - Frequently Asked Questions

Should I buy or sell Hydrofarm Holdings Group stock right now?: 2 Wall Street equities 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 equities 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 Wall Street 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 share price to reach $0.90 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
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 beginning of the year. Since then, HYFM shares have increased by 0.3% and is now trading at $0.92.
View the best growth stocks for 2024 here.
Are investors shorting Hydrofarm Holdings Group?: Hydrofarm Holdings Group saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,390,000 shares, a decline of 11.5% from the March 15th total of 1,570,000 shares. Based on an average trading volume of 190,000 shares, the short-interest ratio is currently 7.3 days.
View Hydrofarm Holdings Group's Short Interest.
When is Hydrofarm Holdings Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our HYFM earnings forecast.

How were Hydrofarm Holdings Group's earnings last quarter?: Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) announced its quarterly earnings results on Thursday, February, 29th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by $0.06. The business had revenue of $47.18 million for the quarter, compared to analysts' expectations of $51.50 million. Hydrofarm Holdings Group had a negative net margin of 28.60% and a negative trailing twelve-month return on equity of 16.76%.
What ETFs hold Hydrofarm Holdings Group's stock?: ETFs with the largest weight of Hydrofarm Holdings Group (NASDAQ:HYFM) stock in their portfolio include AXS Cannabis ETF (THCX), Cambria Cannabis ETF (TOKE), Amplify Seymour Cannabis ETF (CNBS) and Amplify Alternative Harvest ETF (MJ).Global X AgTech & Food Innovation ETF (KROP).
When did Hydrofarm Holdings Group IPO?: Hydrofarm Holdings Group (HYFM) raised $130 million in an initial public offering on Thursday, December 10th 2020. The company issued 8,700,000 shares at $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.
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 4/18/2024 by MarketBeat.com Staff

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