These 3 Marijuana Stocks Should Be On Your May Watchlist
Some marijuana stock investors are still feeling the uncertainty of seeing more sustained momentum in the sector. As many can see the last several months of trading for some of the top marijuana stocks to watch have dropped significantly. Even with news of potential federal reform and more states going legal, it has not moved the needle for most cannabis companies. Currently, companies are starting to release earnings and some are showing positive results.
However, as some cannabis companies show good earnings news like this hasnât resonated well with other marijuana stocks the way it used to. This current drop in trading for some goes way beyond volatility. Many events that have occurred in the last year have all played a factor in both operational and market performance. Yet some investors see whatâs happening with the cannabis sector and have turned it into a buying and hold type of game. With the sector continuo
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.
The ancillary cannabis company Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM), announced Wednesday that it priced an underwritten public offering of 4.81 million of its shares at a price of $59 per share to collect roughly $269.3 million.
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The ancillary cannabis company Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM), announced Wednesday that it priced an underwritten public offering of 4.81 million of its shares at a price of $59 per share to collect roughly $269.3 million.
The lead book-running managers for the. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: