Hydrofarm Holdings Group Inc (HYFM) Shares Rise Despite Market Challenges

Hydrofarm Holdings Group Inc (NASDAQ: HYFM)’s stock price has gone rise by 15.84 in comparison to its previous close of 1.01, however, the company has experienced a 19.31% increase in its stock price over the last five trading days. MarijuanaStocks reported 2024-03-27 that In today’s world of cannabis investing marijuana stocks could soon see less volatile trading. This possibility comes from a few future factors. For starters the reason there is currently a large amount of volatile trading is from lack of reform and better regulations. Even with all the growth and success some feel that the green rush is just a bubble soon to burst. At this time cannabis is still federally illegal even with more than half of the United States having legalized the substance. In the US there is an increase in the demand for more cannabis products which companies plan to meet.

Is It Worth Investing in Hydrofarm Holdings Group Inc (NASDAQ: HYFM) Right Now?

The stock has a 36-month beta value of 1.95. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for HYFM is 41.08M, and at present, short sellers hold a 3.82% of that float. On April 04, 2024, the average trading volume of HYFM was 182.36K shares.

HYFM’s Market Performance

HYFM’s stock has seen a 19.31% increase for the week, with a 37.26% rise in the past month and a 20.00% gain in the past quarter. The volatility ratio for the week is 10.31%, and the volatility levels for the past 30 days are at 8.02% for Hydrofarm Holdings Group Inc The simple moving average for the past 20 days is 32.43% for HYFM’s stock, with a 17.88% simple moving average for the past 200 days.

Analysts’ Opinion of HYFM

UBS gave a rating of “Neutral” to HYFM, setting the target price at $8 in the report published on May 11th of the previous year.

HYFM Trading at 28.38% from the 50-Day Moving Average

After a stumble in the market that brought HYFM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.52% of loss for the given period.

Volatility was left at 8.02%, however, over the last 30 days, the volatility rate increased by 10.31%, as shares surge +38.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.95% upper at present.

During the last 5 trading sessions, HYFM rose by +19.31%, which changed the moving average for the period of 200-days by +25.29% in comparison to the 20-day moving average, which settled at $0.8999. In addition, Hydrofarm Holdings Group Inc saw 27.52% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at HYFM starting from Toler William Douglas, who purchase 15,000 shares at the price of $1.04 back on May 16 ’23. After this action, Toler William Douglas now owns 1,799,328 shares of Hydrofarm Holdings Group Inc, valued at $15,600 using the latest closing price.

Toler William Douglas, the CEO and Chairman of the Board of Hydrofarm Holdings Group Inc, purchase 35,000 shares at $1.09 during a trade that took place back on May 15 ’23, which means that Toler William Douglas is holding 1,784,328 shares at $38,150 based on the most recent closing price.

Stock Fundamentals for HYFM

Current profitability levels for the company are sitting at:

  • -0.21 for the present operating margin
  • 0.14 for the gross margin

The net margin for Hydrofarm Holdings Group Inc stands at -0.29. The total capital return value is set at -0.1. Equity return is now at value -20.24, with -11.99 for asset returns.

Based on Hydrofarm Holdings Group Inc (HYFM), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 0.44. The interest coverage ratio of the stock is -6.36.

Currently, EBITDA for the company is -6.36 million with net debt to EBITDA at -3.82. When we switch over and look at the enterprise to sales, we see a ratio of 0.91. The receivables turnover for the company is 13.42for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.40.

Conclusion

To sum up, Hydrofarm Holdings Group Inc (HYFM) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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