Market cap of Hydrofarm Holdings Group Inc. [HYFM] reaches 2.21B – now what?

Hydrofarm Holdings Group Inc. [NASDAQ: HYFM] loss -4.93% or -2.79 points to close at $53.78 with a heavy trading volume of 1503751 shares. The company report on June 2, 2021 that Hydrofarm Completes Acquisition of Premium Nutrient Producer House and Garden.

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Hydrofarm Holdings Group, Inc. (“Hydrofarm”) (Nasdaq: HYFM), a leading distributor and manufacturer of hydroponics equipment and supplies, announced that it has completed its previously announced acquisition of House & Garden, Inc., Humboldt Wholesale, Inc., Allied Imports & Logistics, Inc., and South Coast Horticultural Supply, Inc. (collectively “House & Garden”), a Humboldt County, Calif.-based producer of quality nutrients under the House & Garden and Mad Farmer brands. The announcement follows Hydrofarm’s recent acquisition of nutrient manufacturer HEAVY 16 and continues Hydrofarm’s strategic efforts to acquire manufacturers of branded products in key CEA product categories.

About Hydrofarm Holdings Group, Inc.Hydrofarm is a leading distributor and manufacturer of controlled environment agriculture equipment and supplies, including high-intensity grow lights, climate control solutions, and growing media, as well as a broad portfolio of innovative and proprietary branded products. For more than 40 years, Hydrofarm has helped growers in the U.S. and Canadian markets make growing easier and more productive. The Company’s mission is to empower growers, farmers and cultivators with products that enable greater quality, efficiency, consistency and speed in their grow projects. For additional information, please visit: www.hydrofarm.com.

If we look at the average trading volume of 675.77K shares, HYFM reached to a volume of 1503751 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 $81.33 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 3.92, with the Price to Sales ratio for HYFM stock in the period of the last 12 months amounting to 5.72. The Price to Book ratio for the last quarter was 8.56, with the Price to Cash per share for the same quarter was set at 1.47.

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 -8.24.

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 41.13, with the RSI for the last a single of trading hit 37.49, and the three-weeks RSI is set at 43.31 for Hydrofarm Holdings Group Inc. [HYFM]. The present Moving Average for the last 50 days of trading for this stock 59.46, while it was recorded at 57.30 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 +1.50 and a Gross Margin at +18.59. Hydrofarm Holdings Group Inc.’s Net Margin is presently recorded at -2.13.

Return on Total Capital for HYFM is now 2.64, given the latest momentum, and Return on Invested Capital for the company is -4.20. Return on Equity for this stock declined to -6.01, with Return on Assets sitting at -3.15. 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 9.51. Additionally, HYFM Total Debt to Total Capital is recorded at 8.68, with Total Debt to Total Assets ending up at 7.27.

Reflecting on the efficiency of the workforce at the company, Hydrofarm Holdings Group Inc. [HYFM] managed to generate an average of -$22,242 per employee. Receivables Turnover for the company is 15.27 with a Total Asset Turnover recorded at a value of 1.48.Hydrofarm Holdings Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 3.70.

An analysis of insider ownership at Hydrofarm Holdings Group Inc. [HYFM]

There are presently around $483 million, or 23.90% of HYFM stock, in the hands of institutional investors. The top three institutional holders of HYFM stocks are: ALLIANCEBERNSTEIN L.P. with ownership of 903,561, which is approximately -3.494% of the company’s market cap and around 5.80% of the total institutional ownership; VANGUARD GROUP INC, holding 741,927 shares of the stock with an approximate value of $39.9 million in HYFM stocks shares; and BLACKROCK INC., currently with $36.28 million in HYFM stock with ownership of nearly 1139.443% of the company’s market capitalization.

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Positions in Hydrofarm Holdings Group Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 77 institutional holders increased their position in Hydrofarm Holdings Group Inc. [NASDAQ:HYFM] by around 3,476,958 shares. Additionally, 46 investors decreased positions by around 2,099,221 shares, while 7 investors held positions by with 3,410,956 shares. The mentioned changes placed institutional holdings at 8,987,135 shares, according to the latest SEC report filing. HYFM stock had 57 new institutional investments in for a total of 1,445,115 shares, while 25 institutional investors sold positions of 1,228,257 shares during the same period.

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