Hydrofarm Holdings Group Inc (NASDAQ: HYFM)’s stock price has plunge by -5.72relation to previous closing price of 0.46. Nevertheless, the company has seen a -22.81% plunge in its stock price over the last five trading sessions. marijuanastocks.com reported 2024-08-28 that Marijuana stocks are caught once again in a downward trend due to more industry hold-ups. In recent news, the DEA who not long ago was on board and on track to reschedule cannabis has now put that action on pause. What a surprise! This is not an unfamiliar occurrence for the cannabis industry, especially during an election year. During this time candidates are focused on winning votes and meeting the needs of those voters.
Is It Worth Investing in Hydrofarm Holdings Group Inc (NASDAQ: HYFM) Right Now?
The 36-month beta value for HYFM is at 1.82. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for HYFM is 39.87M, and currently, shorts hold a 3.37% of that float. The average trading volume for HYFM on September 02, 2024 was 126.74K shares.
HYFM’s Market Performance
HYFM stock saw a decrease of -22.81% in the past week, with a monthly decline of -32.38% and a quarterly a decrease of -44.94%. The volatility ratio for the week is 12.02%, and the volatility levels for the last 30 days are 9.21% for Hydrofarm Holdings Group Inc (HYFM). The simple moving average for the last 20 days is -19.12% for HYFM stock, with a simple moving average of -47.50% for the last 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 -30.04% 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 -73.45% of loss for the given period.
Volatility was left at 9.21%, however, over the last 30 days, the volatility rate increased by 12.02%, as shares sank -25.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.69% lower at present.
During the last 5 trading sessions, HYFM fell by -22.81%, which changed the moving average for the period of 200-days by -47.74% in comparison to the 20-day moving average, which settled at $0.5310. In addition, Hydrofarm Holdings Group Inc saw -52.53% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HYFM starting from Toler William Douglas, who purchase 100,000 shares at the price of $0.50 back on Aug 28 ’24. After this action, Toler William Douglas now owns 1,875,815 shares of Hydrofarm Holdings Group Inc, valued at $49,800 using the latest closing price.
Stock Fundamentals for HYFM
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.08 for the gross margin
The net margin for Hydrofarm Holdings Group Inc stands at -0.34. The total capital return value is set at -0.1. Equity return is now at value -24.56, with -14.10 for asset returns.
Based on Hydrofarm Holdings Group Inc (HYFM), the company’s capital structure generated 0.33 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 0.49. The interest coverage ratio of the stock is -5.28.
Currently, EBITDA for the company is -6.36 million with net debt to EBITDA at -8.2. When we switch over and look at the enterprise to sales, we see a ratio of 0.78. The receivables turnover for the company is 11.33for 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 3.15.
Conclusion
In conclusion, Hydrofarm Holdings Group Inc (HYFM) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
