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.
- 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
We believe that eToro is the best brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to global markets: From Technology to Healthcare, New York to London — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by signing up for an account with eToro now.
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.
- Input your personal data to open a new brokerage account.
- Submit your details by clicking the "Create Account" button.
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 0.13x, 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
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.
Click below to see what other community members have to say.
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.
If you require additional help buying stocks on eToro, click the helpful video below:
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:
- 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 online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Hydrofarm Holdings Group, click below.
Other Content You Might Find Useful
FAQ
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeInformation 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.