Overall market sentiment has been high on Hydrofarm Holdings Group Inc (HYFM) stock lately. HYFM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Hydrofarm Holdings Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HYFM!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With HYFM Stock Today?
Hydrofarm Holdings Group Inc (HYFM) stock is lower by -7.89% while the S&P 500 has risen 0.06% as of 10:33 AM on Thursday, Aug 18. HYFM is lower by -$0.37 from the previous closing price of $4.75 on volume of 334,964 shares. Over the past year the S&P 500 has fallen -3.86% while HYFM is lower by -89.49%. HYFM lost -$4.92 per share in the over the last 12 months.
To screen for more stocks like Hydrofarm Holdings Group Inc click here.
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.
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