How to Buy Hydrofarm Holdings Group Stock
Hydrofarm Holdings Group Inc
Hydrofarm Holdings Group, Inc. , together with its subsidiaries, engages in the manufacture and distribution of controlled environment agriculture (CEA) equipment and supplies in the United States and Canada.
Hydrofarm Holdings Group stock last closed at $0.89, down 2.75% from the previous day, and has decreased 37.23% in one year. It has underperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.54 percentage points. Hydrofarm Holdings Group stock is currently +21.07% from its 52-week low of $0.73, and -46.04% from its 52-week high of $1.64.
As of Apr 24, 2024, there are 45.79M shares of HYFM outstanding. The market cap of HYFM is $40.53M. In the past 24 hours, 146,425 HYFM shares were traded.
How to Buy Hydrofarm Holdings Group Stock
Wondering how to invest in Hydrofarm Holdings Group stock? Here's how.
- Decide where to buy Hydrofarm Holdings Group stock: You need to pick an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Hydrofarm Holdings Group stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your method of payment and add your information.
- Evaluate Hydrofarm Holdings Group stock: The Hydrofarm Holdings Group ticker symbol is HYFM. Is Hydrofarm Holdings Group stock a good investment? Should you buy shares of HYFM? How do HYFM's underlying business fundamentals look? Do top analysts think Hydrofarm Holdings Group is a good buy? Why has HYFM's stock price moved recently? (Hint: Our stock research website can help you figure out if HYFM is a good stock to buy).
- Place your HYFM buy order: Decide if you will purchase HYFM shares at the current market price or use a limit order to purchase HYFM stock at a given price.
- Track your investment in HYFM: Create a watchlist to key updates about your investment in Hydrofarm Holdings Group shares.
Step 1: Decide where to buy Hydrofarm Holdings Group stock
You need an online brokerage account in order to access the NASDAQ market and buy HYFM shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal details so you are able to invest in HYFM stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open a new brokerage account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've finished signing up on one of the most highly reviewed stock apps, you can securely and quickly fund your account:
Watch this video walkthrough if you need help depositing funds into your brokerage account.
Step 4: Evaluate Hydrofarm Holdings Group stock
After you have identified the best place to buy Hydrofarm Holdings Group stock, it's absolutely critical to research their stock prior to buying, so you actually comprehend the risk and opportunity.
Hydrofarm Holdings Group shares at a glance
HYFM Overview
WallStreetZen was built to help part-time investors do more accurate fundamental analysis.
You can view all of the due diligence checks on HYFM's stock page.
What is the fair value of HYFM stock?
You can use many financial metrics, analyses, models, and charts to gauge HYFM's true value.
Using relative valuations metrics:
- HYFM could be undervalued based on its P/B ratio of 0.14x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4.9x
You can do additional valuation analysis on HYFM's stock here.
HYFM Financial Health
Pros:
- Total HYFM debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the HYFM balance sheet.
Cons:
- HYFM has a relatively high debt to equity ratio of 0.75.
- HYFM profit margin has gone up by 0.54 percentage points in the past year, but the company is still unprofitable.
- There are more long-term liabilities than short-term assets on the HYFM balance sheet.
- HYFM earnings of -$49.58M is not sufficient to cover its interest payments.
- HYFM's operating cash flow of $7.04M allows it to safely service it's debt of $183.93M.
Do analysts think it's a good time to buy HYFM stock
Out of 1 sell side analysts who research HYFM, the consensus analyst rating on Hydrofarm Holdings Group is a Hold
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Hydrofarm Holdings Group stock forecast page.
HYFM Technicals
How are HYFM Revenues/Earnings doing?
Last year, HYFM revenue was $226.58M. Over the last five year, HYFM's revenue has gone up by 1.36% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 6.44%.
You can research HYFM's earnings and revenue performance here.
Who is buying/selling HYFM?
Over the last 12 months, executives and large shareholders at HYFM have sold more shares than they have bought.
Mark S. Parker, Executive Vice President of HYFM, was the latest HYFM insider to sell. They sold $152.51 worth of HYFM stock on Apr 3, 2024.
Learn more about who owns HYFM shares here.
Can I get consistent income from HYFM stock?
No, Hydrofarm Holdings Group doesn't provide an income stream by paying out dividends.
What do other investors have to say about HYFM?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your HYFM buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount, place a limit order.
Hit the Open button and eToro will place the order.
If you need additional info about buying stocks on eToro, click the how to video below:
Step 6: Track your investment in HYFM
Now that you own some HYFM stock, you'll want to stay up-to-date on your investment.
Make a watchlist to keep track of your HYFM stock.
HYFM Feed
How to Buy Stock in Hydrofarm Holdings Group
To summarize, here are the 6 steps to buy stock in Hydrofarm Holdings Group:
- Decide where to buy Hydrofarm Holdings Group stock
- Sign up for your brokerage account
- Fund your brokerage account
- Evaluate Hydrofarm Holdings Group stock
- Place your HYFM buy order
- Track your investment in HYFM
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Hydrofarm Holdings Group, click below.
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