Hydrofarm Holdings Group Inc (NASDAQ:HYFM) is an excellent, undervalued pot company doing everything it can to support long-term financial growth. It has completed five acquisitions, increased its prices, reduced its headcount, and made moves to mitigate cost pressures in 2022.
Hydrofarm Holdings Group Inc (NASDAQ:HYFM) and GrowGeneration Corp (NASDAQ:GRWG) are excellent U.S. cannabis stocks that are, according to Wall Street analysts, trading at a steep discount. The companies, which have a strong foothold in the North American hydroponics industry, have been reporting record results.
Looking at the stock we see that its previous close was $65.55 and the beta (5Y monthly) reads 0 with the day’s price range being $63.31 – 68.49. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, HYFM has a high of $95.48 and a low of $41.59. The company’s stock has gained about 8.92% over that past 30 days.
Hydrofarm Holdings Group, Inc. has a market cap of $2.23 Billion and is expected to release its quarterly earnings report in June. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the HYFM stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.07, with the EPS growth for the year raised at $0.45 for 2021 and $0.73 for next year. These figures represent -1.98% and 0.62% growth in EPS for the two years respectively.