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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 $0.98, down 0.91% from the previous day, and has decreased 85.48% in one year. It has underperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.85 percentage points. Hydrofarm Holdings Group stock is currently +2.84% from its 52-week low of $0.95, and -86.62% from its 52-week high of $7.30.

As of May 26, 2023, there are 45.37M shares of HYFM outstanding. The market cap of HYFM is $44.32M. In the past 24 hours, 290,450 HYFM shares were traded.

How to Buy Hydrofarm Holdings Group Stock

Wondering how to invest in Hydrofarm Holdings Group stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Choose your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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:

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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 Price
$0.98
1w %
-14.3%
1y %
-85.48%
5y %
N/A
P/E
-0.16x
P/B
0.13x
P/S
0.15x
PEG
N/A
Revenue
$295.30M
Earnings
-$278.97M
Fore. Rev. Growth
21.52%
Fore. Earn. Growth
N/A
Market Cap
$44.32M
Next Earnings
N/A
Next Dividend
N/A

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 0.13x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4x

You can do additional valuation analysis on HYFM's stock here.

HYFM Financial Health

Pros:

  • 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 0.67.
  • HYFM's operating cash flow of $23.19M allows it to safely service it's debt of $192.01M.
  • HYFM profit margin has gone down from -3.1% to -94.5% in the past year.
  • There are more long-term liabilities than short-term assets on the HYFM balance sheet.
  • HYFM earnings of -$267.41M is not sufficient to cover its interest payments.

Do analysts think it's a good time to buy Hydrofarm Holdings Group stock

Out of 3 sell side analysts who research HYFM, the consensus analyst rating on HYFM is a Buy

It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.

Latest HYFM Analyst Upgrades/Downgrades

Peter Grom, a bottom 12% analyst from UBS maintains HYFM with a hold rating and lowers their HYFM price target from $2.25 to $1.25, on May 16, 2023.

W. Andrew Carter, a bottom 10% analyst from Stifel Nicolaus maintains HYFM with a strong buy rating and lowers their HYFM price target from $1.80 to $1.45, on May 11, 2023.

Chris Carey, a top 11% analyst from Wells Fargo maintains HYFM with a hold rating and lowers their HYFM price target from $2.00 to $1.50, on Jan 3, 2023.

You can dig deeper into what analysts are projecting on the Hydrofarm Holdings Group stock forecast page.

HYFM Technical Indicators

SMA10
1.06
SMA20
1.18
SMA50
1.44
SMA100
1.61
SMA200
2.09
MACD
-0.13
MACD Signal
-0.12
MACD Histogram
0
RSI
33.66
Stochastic %K
9
Stochastic %D
18.65
StochRSI %K
40.28
StochRSI %D
56.54

HYFM Earnings

Last year, HYFM revenue was $295.30M. During the last 2 year, HYFM's revenue has increased by -12.61% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 7.69%.

Dive into HYFM's earnings and revenue performance here.

Latest Insiders Trades at HYFM

Over the past year, insiders at HYFM have bought more shares than they have sold.

Bruce John Lindeman, CFO of HYFM, was the latest HYFM insider to sell. They sold $3,481.68 worth of HYFM stock on May 17, 2023.

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 major reasons eToro is our top-rated brokerage is because of its social trading community.

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Step 5: Place your HYFM buy order

You have two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a specific price limit, use a limit order.

Hit the Open button and eToro will place your order.

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Step 6: Track your investment in HYFM

Now that you own some shares in HYFM, you'll want to keep up with your new stock purchase.

Create a watchlist to see the latest developments about your HYFM stock.

HYFM Feed

How to Buy Stock in Hydrofarm Holdings Group

To summarize, here are the 6 steps you need to take to buy Hydrofarm Holdings Group stock right now:

  1. Decide where to buy Hydrofarm Holdings Group stock
  2. Sign up for your brokerage account
  3. Fund your brokerage account
  4. Evaluate Hydrofarm Holdings Group stock
  5. Place your HYFM buy order
  6. Track your investment in HYFM

If you need a online brokerage, eToro is our recommended venue.

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If you want to keep tabs on your new investment in Hydrofarm Holdings Group, click below.

NASDAQ: HYFM
$0.98-0.01 (-0.91%)
Updated May 26, 2023
Open eToro Account
NASDAQ: HYFM
$0.98-0.01 (-0.91%)
Updated May 26, 2023
Open eToro Account

FAQ

How much does it cost to buy one Hydrofarm Holdings Group share?

As of May 26, 2023, it costs $0.98 to buy one share of Hydrofarm Holdings Group stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.49, you can buy 0.5 shares of HYFM.

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Is now a good time to buy Hydrofarm Holdings Group stock?

According to 3 Wall Street analysts who monitor Hydrofarm Holdings Group, their consensus recommendation is to buy Hydrofarm Holdings Group stock.

What is the best way to buy Hydrofarm Holdings Group stock?

One way to place an order for Hydrofarm Holdings Group stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.