Do Traders Think Hydrofarm Holdings Group Inc (HYFM) Can Turn Around Thursday?

Hydrofarm Holdings Group Inc (HYFM) stock is lower by 3.40% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Hydrofarm Holdings Group Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on HYFM!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With HYFM Stock Today?

Hydrofarm Holdings Group Inc (HYFM) stock is trading at $1.42 as of 2:19 PM on Thursday, Jan 5, a loss of -$0.11, or -7.01% from the previous closing price of $1.53. The stock has traded between $1.37 and $1.50 so far today. Volume today is low. So far 481,941 shares have traded compared to average volume of 834,926 shares.

More About Hydrofarm Holdings Group Inc

Hydrofarm Holdings Group Inc is a distributor and manufacturer of agriculture equipment and supplies. Some of its products include lighting solutions, growing media (i.e., premium soils and soil alternatives), nutrients, equipment, and supplies sold under leading proprietary, exclusive/preferred brands or non-exclusive/distributed brands. The business is organized into two operating segments, the U.S. and Canada. Click Here to get the full Stock Report for Hydrofarm Holdings Group Inc stock.