Hydrofarm Holdings Group Inc. [NASDAQ: HYFM] gained 13.53% or 7.19 points to close at $60.32 with a heavy trading volume of 1000092 shares. The company report on March 31, 2021 that Hydrofarm Holdings Group Announces Fourth Quarter and Full Year 2020 Results.
Company Provides Full Year 2021 Outlook.
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Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture (“CEA”), announced financial results for its fourth quarter and full fiscal year ended December 31, 2020.
If we look at the average trading volume of 438.71K shares, HYFM reached to a volume of 1000092 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Hydrofarm Holdings Group Inc. [HYFM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HYFM shares is $77.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HYFM stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Truist have made an estimate for Hydrofarm Holdings Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 04, 2021. While these analysts kept the previous recommendation, Stifel raised their target price to Buy. The new note on the price target was released on January 04, 2021, representing the official price target for Hydrofarm Holdings Group Inc. stock. Previously, the target price had yet another raise to $63, while JP Morgan analysts kept a Overweight rating on HYFM stock.
The Average True Range (ATR) for Hydrofarm Holdings Group Inc. is set at 6.99, with the Price to Sales ratio for HYFM stock in the period of the last 12 months amounting to 6.69.
Trading performance analysis for HYFM stock
Hydrofarm Holdings Group Inc. [HYFM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.80.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HYFM stock in for the last two-week period is set at 46.98, with the RSI for the last a single of trading hit 48.37, and the three-weeks RSI is set at 47.04 for Hydrofarm Holdings Group Inc. [HYFM]. The present Moving Average for the last 50 days of trading for this stock 70.81, while it was recorded at 57.22 for the last single week of trading.
Hydrofarm Holdings Group Inc. [HYFM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Hydrofarm Holdings Group Inc. [HYFM] shares currently have an operating margin of -7.10 and a Gross Margin at +11.52. Hydrofarm Holdings Group Inc.’s Net Margin is presently recorded at -17.05.
Return on Total Capital for HYFM is now -10.91, given the latest momentum, and Return on Invested Capital for the company is -32.32. Return on Equity for this stock declined to -101.83, with Return on Assets sitting at -22.26. When it comes to the capital structure of this company, Hydrofarm Holdings Group Inc. [HYFM] has a Total Debt to Total Equity ratio set at 406.99. Additionally, HYFM Total Debt to Total Capital is recorded at 80.28, with Total Debt to Total Assets ending up at 68.35.
Reflecting on the efficiency of the workforce at the company, Hydrofarm Holdings Group Inc. [HYFM] managed to generate an average of -$140,150 per employee. Receivables Turnover for the company is 12.50 with a Total Asset Turnover recorded at a value of 1.31.Hydrofarm Holdings Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.60.
An analysis of insider ownership at Hydrofarm Holdings Group Inc. [HYFM]
There are presently around $405 million, or 24.70% of HYFM stock, in the hands of institutional investors. The top three institutional holders of HYFM stocks are: ALLIANCEBERNSTEIN L.P. with ownership of 936,271, which is approximately New of the company’s market cap and around 7.50% of the total institutional ownership; DRIEHAUS CAPITAL MANAGEMENT LLC, holding 561,364 shares of the stock with an approximate value of $33.86 million in HYFM stocks shares; and VANGUARD GROUP INC, currently with $33.72 million in HYFM stock with ownership of nearly New of the company’s market capitalization.
Positions in Hydrofarm Holdings Group Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 74 institutional holders increased their position in Hydrofarm Holdings Group Inc. [NASDAQ:HYFM] by around 7,624,398 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 7,624,398 shares, according to the latest SEC report filing. HYFM stock had 74 new institutional investments in for a total of 7,624,398 shares, while 0 institutional investors sold positions of 0 shares during the same period.