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Hasbro Inc. (NASDAQ: HAS)’s Share Price Jumped 2.89%, What’s Next? Heres Is A Hint: Don’t Be Too Excited

Hasbro Inc. (NASDAQ:HAS) shares, rose in value on Friday, 05/13/22, with the stock price up by 2.89% to the previous day’s close as strong demand from buyers drove the stock to $92.10.

Actively observing the price movement in the last trading, the stock closed the session at $89.51, falling within a range of $90.04 and $92.38. The value of beta (5-year monthly) was 0.98 whereas the PE ratio was 30.92 over 12-month period. Referring to stock’s 52-week performance, its high was $105.73, and the low was $81.16. On the whole, HAS has fluctuated by 9.90% over the past month.

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With the market capitalization of Hasbro Inc. currently standing at about $12.87 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2022 – Apr 29, 2022. The company’s Forward Dividend Ratio is 2.80, with its dividend yield at 3.04%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.86, which is expected to increase to $0.97 for fiscal year $4.84 and then to about $5.36 by fiscal year 2022. Data indicates that the EPS growth is expected to be 29.40% in 2022, while the next year’s EPS growth is forecast to be 10.70%.

Analysts have estimated the company’s revenue for the quarter at $1.87 billion, with a low estimate of $1.82 billion and a high estimate of $1.93 billion. According to the average forecast, sales growth in current quarter could jump up 8.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $6.27 billion, representing an increase of 14.80% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that HAS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 1.75, with the price of HAS currently trading nearly 3.32% and 5.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.46, while the 7-day volatility ratio is showing 3.23% which for the 30-day chart, stands at 2.94%. Furthermore, Hasbro Inc. (HAS)’s beta value is 0.83, and its average true range (ATR) is 2.60.

A comparison of Hasbro Inc. (HAS) with its peers suggests the former has fared considerably weaker in the market. HAS showed an intraday change of 2.89% in last session, and over the past year, it shrunk by -4.36%%. On the other hand, the price of Activision Blizzard Inc. (ATVI) has risen 0.47% on the day. The stock, however, is off -16.72% from where it was a year ago. Additionally, there is a gain of 3.30% for Electronic Arts Inc. (EA) in last trading while the stock has seen an overall depriciation of -9.87%% over the past year. The PE ratio stands at 30.92 for Hasbro Inc., and 24.62 for Activision Blizzard Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.

Data on historical trading for Hasbro Inc. (NASDAQ:HAS) indicates that the trading volumes over the past 10 days have averaged 1.14 million and over the past 3 months, they’ve averaged 1.34 million. According to company’s latest data on outstanding shares, there are 139.30 million shares outstanding.

Nearly 0.40% of Hasbro Inc.’s shares belong to company insiders and institutional investors own 79.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.42 million shares as on Feb 14, 2022, resulting in a short ratio of 4.73. According to the data, the short interest in Hasbro Inc. (HAS) stood at 4.62% of shares outstanding as of Feb 14, 2022; the number of short shares registered in Jan 13, 2022 reached 6.19 million. The stock has fallen by -9.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HAS stock heading into the next quarter.

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