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why is hydrofarm stock dropping

by Caleigh Lind Published 3 years ago Updated 2 years ago
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The stock declined in recent weeks as the broader cannabis sector fizzled out after a massive rally to begin the year. After the recent quarterly result, we think Hydrofarm solidified its strong growth trajectory and improvement in profitability.May 18, 2021

Should I invest in Hydrofarm?

The consensus among Wall Street equities research analysts is that investors should "buy" Hydrofarm Holdings Group stock. View analyst ratings for Hydrofarm Holdings Group or view top-rated stocks.

Is HYFM a good stock to buy?

Out of 5 analysts, 3 (60%) are recommending HYFM as a Strong Buy, 0 (0%) are recommending HYFM as a Buy, 2 (40%) are recommending HYFM as a Hold, 0 (0%) are recommending HYFM as a Sell, and 0 (0%) are recommending HYFM as a Strong Sell. What is HYFM's earnings growth forecast for 2022-2023?

Who owns Hydrofarm Holdings Group?

Top 10 Owners of Hydrofarm Holdings Group IncStockholderStakeTotal changeThe Vanguard Group, Inc.7.23%+7.78%Wasatch Advisors, Inc.7.17%+5.72%BlackRock Fund Advisors4.89%+1.94%Wellington Management Co. LLP4.06%-10.51%6 more rows

Should I buy or sell Hydrofarm Holdings Group stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hydrofarm Holdings Group in the last year. There are cur...

What is Hydrofarm Holdings Group's stock price forecast for 2022?

6 Wall Street research analysts have issued 1-year price targets for Hydrofarm Holdings Group's stock. Their forecasts range from $8.00 to $30.00....

How has Hydrofarm Holdings Group's stock price performed in 2022?

Hydrofarm Holdings Group's stock was trading at $28.29 at the start of the year. Since then, HYFM shares have decreased by 81.7% and is now trading...

When is Hydrofarm Holdings Group's next earnings date?

Hydrofarm Holdings Group is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022. View our earnings forecas...

How were Hydrofarm Holdings Group's earnings last quarter?

Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) announced its quarterly earnings results on Tuesday, May, 10th. The company reported ($0.17) earnings...

What guidance has Hydrofarm Holdings Group issued on next quarter's earnings?

Hydrofarm Holdings Group issued an update on its FY 2022 earnings guidance on Tuesday, June, 7th. The company provided EPS guidance of for the peri...

Who are Hydrofarm Holdings Group's key executives?

Hydrofarm Holdings Group's management team includes the following people: Mr. William Douglas Toler , CEO & Chairman (Age 62, Pay $843.52k) Mr....

Who are some of Hydrofarm Holdings Group's key competitors?

Some companies that are related to Hydrofarm Holdings Group include Atalaya Mining (AYM) , New Found Gold (NFGC) , Gran Tierra Energy (GTE) , S...

When did Hydrofarm Holdings Group IPO?

(HYFM) raised $130 million in an initial public offering (IPO) on Thursday, December 10th 2020. The company issued 8,700,000 shares at a price of $...

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