Hydrofarm Holdings Group Inc (NASDAQ:HYFM)’s traded shares stood at 15.71 million during the last session, with the company’s beta value hitting 2.28. At the close of trading, the stock’s price was $2.15, to imply an increase of 27.98% or $0.47 in intraday trading. The HYFM share’s 52-week high remains $10.40, putting it -383.72% down since that peak but still an impressive 30.23% since price per share fell to its 52-week low of $1.50. The company has a valuation of $9.92M, with an average of 1.6 million shares in intraday trading volume over the past 10 days and average of 24.20K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Hydrofarm Holdings Group Inc (HYFM), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give HYFM a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -2.1.
Hydrofarm Holdings Group Inc (NASDAQ:HYFM) trade information
After registering a 27.98% upside in the last session, Hydrofarm Holdings Group Inc (HYFM) has traded red over the past five days. The 5-day price performance for the stock is 13.16%, and -34.85% over 30 days. With these gigs, the year-to-date price performance is -62.93%. Short interest in Hydrofarm Holdings Group Inc (NASDAQ:HYFM) saw shorts transact 97453.0 shares and set a 2.95 days time to cover.
The extremes give us $1.5 and $1.5 for target low and target high price respectively. As such, HYFM has been trading 30.23% off suggested target high and 30.23% from its likely low.
Hydrofarm Holdings Group Inc (HYFM) estimates and forecasts
The rating firms project that company’s revenue will grow 2.08% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 52.58M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 53.35M.Earnings reports from the last fiscal year show that sales brought in 54.17M and 54.79M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -2.94% before dropping -2.64% in the following quarter.
HYFM Dividends
Hydrofarm Holdings Group Inc has its next earnings report out on 2025-Mar-04. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Hydrofarm Holdings Group Inc (NASDAQ:HYFM)’s Major holders
Hydrofarm Holdings Group Inc insiders hold 22.13% of total outstanding shares, with institutional holders owning 22.90% of the shares at 29.41% float percentage. In total, 22.90% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 1.88 million shares (or 4.0968% of shares), all amounting to roughly $1.3 million.
The next major institution holding the largest number of shares is TEXAS CAPITAL BANK WEALTH MANAGEMENT SERVICES INC with 1.32 million shares, or about 0.2872% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.91 million.
