In today’s recent session, 0.42 million shares of the Hydrofarm Holdings Group Inc (NASDAQ:HYFM) have been traded, and its beta is 2.00. Most recently the company’s share price was $0.57, and it changed around -$0.05 or -7.90% from the last close, which brings the market valuation of the company to $26.51M. HYFM at last check was trading at a discount to its 52-week high of $1.20, offering almost -110.53% off that amount. The share price’s 52-week low was $0.43, which indicates that the recent value has risen by an impressive 24.56% since then. We note from Hydrofarm Holdings Group Inc’s average daily trading volume that its 10-day average is 47520.0 shares, with the 3-month average coming to 125.14K.
Hydrofarm Holdings Group Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended HYFM as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Hydrofarm Holdings Group Inc is expected to report earnings per share of -0.24 for the current quarter.
Hydrofarm Holdings Group Inc (NASDAQ:HYFM) trade information
Instantly HYFM has been showing red trend so far today with a performance of -7.90% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.6558 on recent trading dayincreased the stock’s daily price by 13.08%. The company’s shares are currently down -0.95% year-to-date, but still down -11.60% over the last five days. On the other hand, Hydrofarm Holdings Group Inc (NASDAQ:HYFM) is -11.89% down in the 30-day period. We can see from the shorts that 1.05 million shares have been sold at a short interest cover period of 7.92 day(s).
The consensus price target as assigned by Wall Street analysts is $1.5, which translates to bulls needing to increase their stock price by 62.0% from its current value. Analyst projections state that HYFM is forecast to be at a low of $1.5 and a high of $1.5.
Hydrofarm Holdings Group Inc (HYFM) estimates and forecasts
The year-over-year growth rate is expected to be -14.34%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 41.1M in revenue for the current quarter. 2 analysts expect Hydrofarm Holdings Group Inc to make 52.58M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 47.18M and 54.17M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -12.89%. Forecasts for the next quarter put sales growth at -2.94%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.74%. Hydrofarm Holdings Group Inc earnings are expected to increase by -9.92% in 2025, but the outlook is positive 13.92% per year for the next five years.
HYFM Dividends
Hydrofarm Holdings Group Inc’s next quarterly earnings report is expected to be released in March.
Hydrofarm Holdings Group Inc (NASDAQ:HYFM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 18.99% of Hydrofarm Holdings Group Inc shares, and 22.94% of them are in the hands of institutional investors. The stock currently has a share float of 28.32%. Hydrofarm Holdings Group Inc stock is held by 60.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.0968% of the shares, which is about 1.88 million shares worth $1.3 million.
TEXAS CAPITAL BANK WEALTH MANAGEMENT SERVICES INC, with 2.8824% or 1.32 million shares worth $0.91 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 1.24 shares worth $0.72 million, making up 2.69% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 577.65 shares worth around $0.33 million, which represents about 1.25% of the total shares outstanding.
