Haleon plc (NYSE:HLN) price on Friday, March 17, fall -1.50% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.88.
A look at the stock’s price movement, the close in the last trading session was $8.00, moving within a range at $7.80 and $7.945. The PE ratio in trailing twelve months stood at 28.76. Turning to its 52-week performance, $8.50 and $5.59 were the 52-week high and 52-week low respectively. Overall, HLN moved -2.72% over the past month.
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Haleon plc’s market cap currently stands at around $36.07 billion. The company has a Forward Dividend ratio of 0.12, with its dividend yield at 1.47%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s).
15 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 8 recommend HLN as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HLN’s current price about -0.23% and -0.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.89, while 7-day volatility ratio is 2.18% and 1.63% in the 30-day chart. Further, Haleon plc (HLN) has a beta value of 0, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $3.38, forecast between a low of $2.50 and high of $4.00. Looking at the price targets, the low is 68.27% off current price level while to achieve the yearly target high, price needs to move 49.24%. Nonetheless, investors will most likely welcome a 57.49% jump to $3.35 which is the analysts’ median price.
In the market, a comparison of Haleon plc (HLN) and its peers suggest the former has performed considerably weaker. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.
If we refocus on Haleon plc (NYSE:HLN), historical trading data shows that trading volumes averaged 5.01 million over the past 10 days and 4.58 million over the past 3 months. The company’s latest data on shares outstanding shows there are 4.62 billion shares.
The 6.41% of Haleon plc’s shares are in the hands of company insiders while institutional holders own 6.70% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.12 million on Jan 30, 2023, giving us a short ratio of 3.44. The data shows that as of Jan 30, 2023 short interest in Haleon plc (HLN) stood at 0.28% of shares outstanding, with shares short rising to 11.46 million registered in Dec 29, 2022. Current price change has pushed the stock -1.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HLN stock continues to rise going into the next quarter.