Hydrofarm Holdings Group Inc [NASDAQ: HYFM] gained 27.98% on the last trading session, reaching $2.15 price per share at the time.
If compared to the average trading volume of 24.20K shares, HYFM reached a trading volume of 15705900 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 $6.50 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 3.00. 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 Hold, with their previous recommendation back on May 04, 2023. The new note on the price target was released on August 03, 2022, representing the official price target for Hydrofarm Holdings Group Inc stock. Previously, the target price had yet another drop from $26 to $8, while UBS kept a Neutral rating on HYFM stock. On May 11, 2022, analysts decreased their price target for HYFM shares from 13 to 8.
The Average True Range (ATR) for Hydrofarm Holdings Group Inc is set at 0.32, with the Price to Sales ratio for HYFM stock in the period of the last 12 months amounting to 0.05. The Price to Book ratio for the last quarter was 0.04, with the Price to Cash per share for the same quarter was set at 5.66.
Trading performance analysis for HYFM stock
Hydrofarm Holdings Group Inc [HYFM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.16. With this latest performance, HYFM shares dropped by -34.85% in over the last four-week period, additionally sinking by -67.27% over the last 6 months – not to mention a drop of -79.33% in the past year of trading.
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 37.27, with the RSI for the last a single of trading hit 46.15, and the three-weeks RSI is set at 34.21 for Hydrofarm Holdings Group Inc [HYFM]. The present Moving Average for the last 50 days of trading for this stock 4.0900, while it was recorded at 1.7600 for the last single week of trading, and 5.8000 for the last 200 days.
Hydrofarm Holdings Group Inc [HYFM]: A deeper dive into fundamental analysis
Hydrofarm Holdings Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.27 and a Current Ratio set at 2.72.
An analysis of Institutional ownership at Hydrofarm Holdings Group Inc [HYFM]
There are presently around $22.90%, or 29.41%% of HYFM stock, in the hands of institutional investors. The top three institutional holders of HYFM stocks are: VANGUARD GROUP INC with ownership of 1.88 million shares, which is approximately 4.0968%. TEXAS CAPITAL BANK WEALTH MANAGEMENT SERVICES INC, holding 1.32 million shares of the stock with an approximate value of $$0.91 million in HYFM stocks shares; and TEXAS CAPITAL BANK WEALTH MANAGEMENT SERVICES INC, currently with $$0.55 million in HYFM stock with ownership which is approximately 0.1733%.
