Investors Considering Selling Hain Celestial Group Inc (Hain Celestial Group Inc:HAIN) Holdings?

Hain Celestial Group Inc (NASDAQ:HAIN) traded at $8.00 at close of the session on current trade day and made an upward move of 0.25% on its previous day’s price.

Looking at the stock we see that its previous close was $7.98 and the beta (5Y monthly) reads 0.75 with the day’s price range being $7.84 – $8.15. In terms of its 52-week price range, HAIN has a high of $12.49 and a low of $5.68. The company’s stock has gained about 4.71% over that past 30 days.

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Hain Celestial Group Inc has a market cap of $718.72 million and is expected to release its quarterly earnings report in October. Estimates by analysts give the company expected earnings per share (EPS) of -0.01, with the EPS growth for the year raised at 0.48 for current year and 0.48 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 398.11M, with a low of 389M and a high of 407.8M. The median projection represents growth adding up to -7.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.71B, or -1.60% down from figures reported last year.

On the other hand, looking at the outlook for the HAIN stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold.

Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Hain Celestial Group Inc (HAIN) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 13.66% off its SMA20 and 12.05% from its 50-day simple moving average. The RSI (14) is pointing at 61.80 while the volatility over the past week is 11.54% and jumps to 6.31% over the past one month. The beta value is 0.75, while the average true range (ATR) is currently pointing at 0.51. The average price target for the stock over the next 12 months is $9.35, with the estimates having a low of $8 and a high of $24. These price ends are 0.0% and -200.0% off the current price level respectively, although investors could be excited at the prospect of a -16.87% if the HAIN share price touches on the median price of $9.35.

Coming back to Hain Celestial Group Inc (NASDAQ:HAIN), we note that the average 3-month trading volume was 1.18 million, while that of the preceding 10-day period stands at 2.7 million. Current shares outstanding are 89.85 million.

The insiders hold 1.56% of the company’s shares while institutions hold 101.06%. The data shows that short shares as of 2024-08-15, stood at 3.17 million at a short ratio of 3.84. This represents a 506.00 short interest in shares outstanding on 2024-08-15. Shares short fall in August from the previous month at 3.81 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -26.94% down in year-to-date price movement.

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