At the time of writing, Hydrofarm Holdings Group Inc [HYFM] stock is trading at $0.60, up 18.30%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HYFM shares have gain 18.11% over the last week, with a monthly amount glided 9.29%, and seem to be holding up well over a long-time horizon.
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
From an analyst’s perspective:
Hydrofarm Holdings Group Inc [NASDAQ: HYFM] stock has seen the most recent analyst activity on May 04, 2023, when Truist downgraded its rating to a Hold. Previously, JP Morgan downgraded its rating to Neutral on August 03, 2022. On May 11, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $8 on the stock. Stifel downgraded its rating to a Hold and decreased its price target to $8 on May 11, 2022. Wells Fargo initiated its recommendation with a Equal Weight and recommended $33 as its price target on December 07, 2021. UBS started tracking with a Buy rating for this stock on June 24, 2021, and assigned it a price target of $66. In a note dated January 04, 2021, Truist initiated an Buy rating and provided a target price of $65 on this stock.
For the past year, the stock price of Hydrofarm Holdings Group Inc fluctuated between $0.43 and $1.64. Currently, Wall Street analysts expect the stock to reach $1.5 within the next 12 months. Hydrofarm Holdings Group Inc [NASDAQ: HYFM] shares were valued at $0.60 at the most recent close of the market. An investor can expect a potential return of 150.0% based on the average HYFM price forecast.
Analyzing the HYFM fundamentals
According to Hydrofarm Holdings Group Inc [NASDAQ:HYFM], the company’s sales were 210.32M for trailing twelve months, which represents an -13.10% plunge. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.34%, and Net Profit Margin reading is -0.34%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.25 and Total Capital is -0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.5305 points at the first support level, and at 0.4597 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6497, and for the 2nd resistance point, it is at 0.6981.
Ratios To Look Out For
It is important to note that Hydrofarm Holdings Group Inc [NASDAQ:HYFM] has a current ratio of 3.15. In addition, the Quick Ratio stands at 1.49 and the Cash Ratio stands at 0.85. Considering the valuation of this stock, the price to sales ratio is 0.13.
Transactions by insiders
Recent insider trading involved Toler William Douglas, CEO and Chairman of the Board, that happened on Aug 28 ’24 when 100000.0 shares were purchased.
