Hydrofarm Holdings Group, Inc. (HYFM)
Market Cap | 33.11M |
Revenue (ttm) | 210.32M |
Net Income (ttm) | -71.16M |
Shares Out | 45.98M |
EPS (ttm) | -1.55 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 351,324 |
Open | 0.690 |
Previous Close | 0.700 |
Day's Range | 0.680 - 0.720 |
52-Week Range | 0.430 - 1.560 |
Beta | 1.79 |
Analysts | Hold |
Price Target | 0.70 (-2.78%) |
Earnings Date | Nov 7, 2024 |
About HYFM
Hydrofarm Holdings Group, Inc., together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment. It is also involved in the distribution of CEA equipment and supplies comprising nutrients and fertilizers... [Read more]
Financial Performance
In 2023, Hydrofarm Holdings Group's revenue was $226.58 million, a decrease of -34.23% compared to the previous year's $344.50 million. Losses were -$64.81 million, -77.29% less than in 2022.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for HYFM stock is "Hold." The 12-month stock price forecast is $0.7, which is a decrease of -2.78% from the latest price.
News
Top Marijuana Stocks Gaining Momentum in Mid-September
The US cannabis industry continues to grow at a remarkable pace. Recent estimates predict that the market could reach $41 billion by 2025. This rapid growth is fueled by increasing legalization and ac...
Water Tower Research Publishes Initiation of Coverage Report on Hydrofarm Holdings Group, Inc. “Best-in-Class Execution in a Long-Term Favorable Growth Category”
Water Tower Research has published an Initiation of Coverage Report on Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) titled, “Best-in-Class Execution in a Long-Term Favorable Growth Category.” Water T...
Best Ancillary Cannabis Stocks to Keep an Eye on This September
The US cannabis industry has grown significantly, with projections estimating the market could reach $40 billion by 2025. As more states legalize cannabis, ancillary companies supporting the industry ...
3 Top Marijuana Stocks Anyalst Feel Are Good Investments
Marijuana stocks are caught once again in a downward trend due to more industry hold-ups. In recent news, the DEA who not long ago was on board and on track to reschedule cannabis has now put that act...
Hydrofarm Holdings Group, Inc. (HYFM) Q2 2024 Earnings Call Transcript
Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Q2 2024 Results Conference Call August 8, 2024 8:30 AM ET Company Participants Anna Kate Heller - Investor Relations William Toler - Chairman and Chief Ex...
Hydrofarm Holdings Group, Inc. to Announce Second Quarter 2024 Results on August 8, 2024
SHOEMAKERSVILLE, Pa., July 25, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydr...
Top Contending Marijuana Stocks For Investors Today
Finding the best marijuana stocks to buy in today's market takes a proper strategy. With all that is going on in the cannabis sector knowing when to buy or sell becomes the concern. Even if you see yo...
Ancillary Cannabis Stocks Leading the Hydroponics Market
The cultivation sector is essential to the cannabis industry, driving growth and innovation. Investors are gaining attention from ancillary cannabis stocks, which support cultivation. These companies ...
Investing in Ancillary Cannabis: Top Stocks for June 2024
The US cannabis industry and top marijuana stocks are booming, with legal sales expected to reach $41 billion by 2025. This growth presents numerous investment opportunities, especially in ancillary c...
These Marijuana Stocks Could Soon Rise In Momentum
Marijuana stock investors see the future of cannabis as being even more profitable in the market. But what is triggering this speculation surrounding investing in cannabis? The cannabis industry has c...
Hydrofarm Holdings Group, Inc. (HYFM) Q1 2024 Earnings Call Transcript
Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Q1 2024 Results Conference Call May 14, 2024 8:30 AM ET Company Participants Anna Heller - ICR, IR William Toler - Chairman, Chief Executive Officer John ...
Hydrofarm Holdings Group Announces First Quarter 2024 Results
Significant Cost Savings Continue to Drive Improvement in Key Operating Metrics Significant Cost Savings Continue to Drive Improvement in Key Operating Metrics
Marijuana Stocks To Watch As The DEA Works To Reschedule Cannabis
The big focus for marijuana stocks and the cannabis industry is reform. Right now there is a major uproar about the recent announcement from the DEA about rescheduling cannabis. The DEA has agreed tha...
Hydrofarm Holdings Group, Inc. to Announce First Quarter 2024 Results on May 14, 2024
SHOEMAKERSVILLE, Pa., April 30, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hyd...
Marijuana Stocks To Buy And Hold In Today's Market
In today's world of cannabis investing marijuana stocks could soon see less volatile trading. This possibility comes from a few future factors. For starters the reason there is currently a large amoun...
Hydrofarm Holdings Group, Inc. (HYFM) Q4 2023 Earnings Call Transcript
Hydrofarm Holdings Group, Inc. (HYFM) Q4 2023 Earnings Call Transcript
Hydrofarm Holdings Group Announces Fourth Quarter and Full Year 2023 Results
Significant Improvement in Net Loss and Adjusted EBITDA for the Fourth Quarter and Full Year 2023 2024 Outlook Calls for Lower Net Sales, Positive Adjusted EBITDA and Positive Free Cash Flow SHOEMAKER...
3 Marijuana Stocks For Possible Gains Today
The cannabis sector since the start of 2024 has been building up its momentum slowly. Now this momentum has come in waves but it has still led to some form of rise in trading for marijuana stocks. Wit...
Hydrofarm Holdings Group, Inc. to Announce Fourth Quarter and Full Year 2023 Results on February 29, 2024
SHOEMAKERSVILLE, Pa., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded hydr...
Here Are Some Top Marijuana Stocks To Follow Now
Many marijuana stocks still trade with high levels of volatility. Even as 2024 is still just getting underway. So far over the last 6-8 weeks, there has been an increase in price fluctuation. To be fa...
Hydrofarm Showcases Sustainable Indoor Gardening Solutions on 'The Balancing Act'
Innovative Products for Eco-Friendly Living Featured, Airing February 5th Innovative Products for Eco-Friendly Living Featured, Airing February 5th
Hydrofarm: Why I Still Think It Could More Than Double
Hydrofarm stock has decreased since the previous positive perspective article, currently lagging behind other cannabis stocks. The potential delisting by NASDAQ poses a challenge for the company, but ...
Essential Ancillary Cannabis Stocks to Consider Before February 2024
The ancillary cannabis stocks are a key area to watch, especially as we approach February 2024. This sector includes companies not directly involved in cannabis cultivation or sales, but supporting th...
3 Marijuana Stocks To Buy Mid-January 2024
Marijuana stocks have already begun to see an increase in momentum. Much of this has to do with various factors including cannabis reform and politics. To start 2024 is an election year so this means ...
Top Picks for January 2024: Spotlight on Ancillary Cannabis Market Leaders
The U.S. cannabis industry and marijuana stocks are a rapidly evolving sector, forecasted for significant growth. Ancillary cannabis companies, supporting cultivation and production, are gaining inves...