Hydrofarm Holdings Group Inc’s recently made public that its CEO and Chairman of the Board Toler William Douglas acquired Company’s shares for reported $49800.0 on Aug 28 ’24. In the deal valued at $0.50 per share,100,000 shares were bought. As a result of this transaction, Toler William Douglas now holds 1,875,815 shares worth roughly $1.13 million.
Truist downgraded its Hydrofarm Holdings Group Inc [HYFM] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “a Neutral”. UBS also remained covering HYFM and has decreased its forecast on May 11, 2022 with a “Neutral” recommendation from previously “Buy” rating. Stifel revised its rating on May 11, 2022. It rated HYFM as “a Hold” which previously was an “a Buy”.
Price Performance Review of HYFM
On Tuesday, Hydrofarm Holdings Group Inc [NASDAQ:HYFM] saw its stock fall -2.99% to $0.60. Over the last five days, the stock has lost -4.84%. Hydrofarm Holdings Group Inc shares have fallen nearly -35.69% since the year began. Nevertheless, the stocks have fallen -32.26% over the past one year. While a 52-week high of $1.20 was reached on 04/04/24, a 52-week low of $0.43 was recorded on 08/30/24. SMA at 50 days reached $0.6541, while 200 days put it at $0.7245.
Levels Of Support And Resistance For HYFM Stock
The 24-hour chart illustrates a support level at 0.5862, which if violated will result in even more drops to 0.5755. On the upside, there is a resistance level at 0.6115. A further resistance level may holdings at 0.6261. The Relative Strength Index (RSI) on the 14-day chart is 37.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0461, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.77%. Stochastics %K at 13.92% indicates the stock is a buying.
How much short interest is there in Hydrofarm Holdings Group Inc?
A steep rise in short interest was recorded in Hydrofarm Holdings Group Inc stocks on 2024-11-29, dropping by 73247.0 shares to a total of 1.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.2 million shares. There was a decline of -6.53%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 07, 2021 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $33 price target.
