Hydrofarm Holdings Group Inc (NASDAQ: HYFM) has experienced a decline in its stock price by -3.48 compared to its previous closing price of 0.69. However, the company has seen a fall of -3.62% in its stock price over the last five trading days. globenewswire.com reported 2024-09-18 that SHOEMAKERSVILLE, Pa., Sept. 18, 2024 (GLOBE NEWSWIRE) — Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) (the “Company,” or “Hydrofarm,”), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, announced today that it has received a 180 calendar day extension, until March 10, 2025, from the Nasdaq Stock Market (“Nasdaq”), to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) (the “Bid Price Rule”). The Bid Price Rule stipulates that the bid price of the Company’s common stock must close at $1.00 per share or more for a minimum of 10 consecutive business days.
Is It Worth Investing in Hydrofarm Holdings Group Inc (NASDAQ: HYFM) Right Now?
The stock has a 36-month beta value of 1.68. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for HYFM is 39.77M, and at present, short sellers hold a 3.19% of that float. On September 20, 2024, the average trading volume of HYFM was 199.59K shares.
HYFM’s Market Performance
The stock of Hydrofarm Holdings Group Inc (HYFM) has seen a -3.62% decrease in the past week, with a 22.18% rise in the past month, and a -9.30% fall in the past quarter. The volatility ratio for the week is 5.88%, and the volatility levels for the past 30 days are at 9.39% for HYFM. The simple moving average for the past 20 days is 11.58% for HYFM’s stock, with a -18.11% 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 9.94% 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 -55.30% of loss for the given period.
Volatility was left at 9.39%, however, over the last 30 days, the volatility rate increased by 5.88%, as shares surge +19.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.00% lower at present.
During the last 5 trading sessions, HYFM fell by -3.62%, which changed the moving average for the period of 200-days by -18.78% in comparison to the 20-day moving average, which settled at $0.6025. In addition, Hydrofarm Holdings Group Inc saw -27.41% 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 0.83. 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
To sum up, Hydrofarm Holdings Group Inc (HYFM) has seen a bad 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.
