Hanesbrands Inc (NYSE:HBI) shares, rose in value, on Thursday, July 18, with the stock price up by 3.19% to the previous day’s close as strong demand from buyers drove the stock to $5.66.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.49. Referring to stock’s 52-week performance, its high was $5.86, and the low was $3.54. On the whole, HBI has fluctuated by 12.62% over the past month.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HBI currently trading nearly 14.63% and 14.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.61, while the 7-day volatility ratio is showing 5.31% which for the 30-day chart, stands at 4.57%. Furthermore, Hanesbrands Inc (HBI)’s beta value is 1.60, and its average true range (ATR) is 0.23.
A comparison of Hanesbrands Inc (HBI) with its peers suggests the former has fared considerably weaker in the market. HBI showed an intraday change of 3.19% in today’s session so far, and over the past year, it grew by 19.26%%.
Data on historical trading for Hanesbrands Inc (NYSE:HBI) indicates that the trading volumes over the past 3 months, they’ve averaged 6.49 million. According to company’s latest data on outstanding shares, there are 350.14 million shares outstanding.
Nearly 1.22% of Hanesbrands Inc’s shares belong to company insiders and institutional investors own 96.44% of the company’s shares. The stock has risen by 27.02% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HBI stock heading into the next quarter.
