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No Stopping Herbalife Nutrition Ltd. (NYSE: HLF)’s Stock Surged?

The trading price of Herbalife Nutrition Ltd. (NYSE:HLF) floating higher at last check on Wednesday, August 03, closing at $26.61, 9.91% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $23.82 and $24.39. The company’s P/E ratio in the trailing 12-month period was 6.49, while its 5Y monthly beta was 1.06. In examining the 52-week price action we see that the stock hit a 52-week high of $54.45 and a 52-week low of $19.30. Over the past month, the stock has gained 12.29% in value.

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Herbalife Nutrition Ltd., whose market valuation is $2.58 billion at the time of this writing, is expected to release its quarterly earnings report May 02, 2022 – May 06, 2022. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $3.92 for 2022 and $4.9 for 2023. It means analysts are expecting annual earnings per share growth of -11.50% this year and 25.00% next year.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Herbalife Nutrition Ltd. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest HLF has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned HLF a recommendation rating is 6. Out of them, 2 rate it a Hold, while 4 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Herbalife Nutrition Ltd. (HLF) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that HLF’s price is currently 15.50% off the SMA20 and 18.19% off the SMA50. The RSI metric on the 14-day chart is currently showing 67.65, and weekly volatility stands at 3.88%. When measured over the past 30 days, the indicator reaches 4.56%. Herbalife Nutrition Ltd. (NYSE:HLF)’s beta value is currently sitting at 1.13, while the Average True Range indicator is currently displaying 1.02. With analysts defining $27.00-$45.00 as the low and high price targets, we arrive at a consensus price target of $37.25 for the trailing 12-month period. The current price is about -1.47% off the estimated low and -69.11% off the forecast high, based on this estimate. Investors will be thrilled if HLF’s share price rises to $38.50, which is the median consensus price. At that level, HLF’s share price would be -44.68% below current price.

To see how Herbalife Nutrition Ltd. stock has been performing today in comparison to its peers in the industry, here are the numbers: HLF stock’s performance was 9.91% at last check in today’s session, and -52.09% in the past year, while Nu Skin Enterprises Inc. (NUS) has been trading 1.36% in recent session and positioned -19.12% lower than it was a year ago. Another comparable company Nature’s Sunshine Products Inc. (NATR) saw its stock trading 0.97% higher in today’s session but was down -40.37% in a year. Herbalife Nutrition Ltd. has a P/E ratio of 6.49, compared to Nu Skin Enterprises Inc.’s 16.16 and Nature’s Sunshine Products Inc.’s 9.72. Also during today’s trading, the S&P 500 Index has surged 1.04%, while the Dow Jones Industrial also saw a positive session, up 0.91% today.

An evaluation of the daily trading volume of Herbalife Nutrition Ltd. (NYSE:HLF) indicates that the 3-month average is 1.56 million. However, this figure has increased over the past 10 days to an average of 0.8 million.

Currently, records show that 99.90 million of the company’s shares remain outstanding. The insiders hold 1.10% of outstanding shares, whereas institutions hold 91.20%. The stats also highlight that short interest as of Jul 14, 2022, stood at 7.41 million shares, resulting in a short ratio of 3.76 at that time. From this, we can conclude that short interest is 6.84% of the company’s total outstanding shares. It is noteworthy that short shares in July were up slightly from the previous month’s figure, which was 5.34 million. However, since the stock’s price has seen -40.85% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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