Overall market sentiment has been down on Hydrofarm Holdings Group Inc (HYFM) stock lately. HYFM receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Hydrofarm Holdings Group Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on HYFM!
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.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With HYFM Stock Today?
Hydrofarm Holdings Group Inc (HYFM) stock is lower by -3.95% while the S&P 500 is up 0.34% as of 3:49 PM on Monday, Mar 27. HYFM is down -$0.07 from the previous closing price of $1.77 on volume of 97,711 shares. Over the past year the S&P 500 is down -12.92% while HYFM is down -89.05%. HYFM lost -$6.35 per share in the over the last 12 months.
To see InvestorsObserver's Sentiment Score for 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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