While Hydrofarm Holdings Group Inc has underperformed by -2.99%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HYFM fell by -32.26%, with highs and lows ranging from $1.20 to $0.43, whereas the simple moving average fell by -17.60% in the last 200 days.
On May 04, 2023, Truist Downgraded Hydrofarm Holdings Group Inc (NASDAQ: HYFM) to Hold. A report published by JP Morgan on August 03, 2022, Downgraded its rating to ‘Neutral’ for HYFM. UBS also Downgraded HYFM shares as ‘Neutral’, setting a target price of $8 on the company’s shares in a report dated May 11, 2022. Stifel May 11, 2022d the rating to Hold on May 11, 2022, and set its price target from $13 to $8. Wells Fargo initiated its ‘Equal Weight’ rating for HYFM, as published in its report on December 07, 2021. UBS’s report from June 24, 2021 suggests a price prediction of $66 for HYFM shares, giving the stock a ‘Buy’ rating. Truist also rated the stock as ‘Buy’.
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Analysis of Hydrofarm Holdings Group Inc (HYFM)
Further, the quarter-over-quarter decrease in sales is -18.75%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Hydrofarm Holdings Group Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -23.56% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.41, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and HYFM is recording an average volume of 135.07K. On a monthly basis, the volatility of the stock is set at 7.11%, whereas on a weekly basis, it is put at 6.76%, with a loss of -4.84% over the past seven days. Furthermore, long-term investors anticipate a median target price of $0.65, showing growth from the present price of $0.60, which can serve as yet another indication of whether HYFM is worth investing in or should be passed over.
How Do You Analyze Hydrofarm Holdings Group Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 20.54%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 22.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HYFM shares are owned by institutional investors to the tune of 22.30% at present.
