California-based hydroponics company Hydrofarm (HYFM) went public on the Nasdaq today, December 10. Trading started at $46 per share, well above the offering price of $20 per share. Hereās how investors can buy in.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Hydrofarm's shares have ranged in value from as little as $0.672 up to $1.64. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Hydrofarm's is 1.964. This would suggest that Hydrofarm's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Historical closes compared with the last close of $0.885
| 1 week (2024-04-17) | -3.80% |
|---|---|
| 1 month (2024-03-24) | -1.67% |
| 3 months (2024-01-24) | -11.50% |
| 6 months (2023-10-24) | -12.38% |
| 1 year (2023-04-24) | -39.38% |
| 2 years (2022-04-24) | -91.97% |
| 3 years (2021-04-22) | -98.56% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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