Last Updated: 18 Sep 2024
Executive Summary
Hydrofarm Holdings Group Inc. (HYFM) is a manufacturer and distributor of controlled environment agriculture (CEA) equipment and supplies. The company's stock has underperformed the market in recent years, and it currently trades at $0.7, below its 52-week high of $1.34.
Company Overview
Hydrofarm Holdings Group Inc. is headquartered in Fairless Hills, Pennsylvania. The company's products are used to grow plants in indoor environments, such as greenhouses and grow rooms. Hydrofarm Holdings Group Inc. sells its products to a variety of customers, including commercial growers, hobbyists, and researchers.
Fundamental Analysis
Hydrofarm Holdings Group Inc.'s financial performance has been mixed in recent years. The company's revenue has grown in recent quarters, but its earnings have declined. In the most recent quarter, Hydrofarm Holdings Group Inc. reported a loss of $1.55 per share.
The company's financial ratios are also mixed. Hydrofarm Holdings Group Inc. has a negative profit margin and a negative return on equity. However, the company's price-to-sales ratio is below the industry average.
Technical Analysis
Hydrofarm Holdings Group Inc.'s stock price has been in a downtrend in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
Hydrofarm Holdings Group Inc.'s stock is likely to continue to trade in a downtrend in the short term. The stock's technical indicators are bearish, and the company's financial performance has been mixed.
Long Term Outlook
Hydrofarm Holdings Group Inc.'s long-term outlook is more positive. The company's products are in high demand, and the market for CEA equipment is expected to grow in the coming years. However, the company's financial performance will need to improve in order for the stock to perform well in the long term.
Analyst Recommendations
Two analysts have issued hold ratings on Hydrofarm Holdings Group Inc. in the past three months. The average analyst target price is $0.7.
