Helen of Troy Ltd (NASDAQ:HELE) shares, rose in value, with the stock price down by -1.13% to the previous day’s close as strong demand from buyers drove the stock to $71.54.
Actively observing the price movement in the last trading, the stock closed the session at $72.36, falling within a range of $71.18 and $72.91. The value of beta (5-year monthly) was 0.857 whereas the PE ratio was 11.94 over 12-month period. Referring to stock’s 52-week performance, its high was $127.83, and the low was $48.05. On the whole, HELE has fluctuated by 28.74% over the past month.
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With the market capitalization of Helen of Troy Ltd currently standing at about $1.63 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-09.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.91B, with a low estimate of 534.33M and a high estimate of 558.61M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 540.83M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HELE’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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.33, with the price of HELE currently trading nearly 14.85% and 25.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.66, while the 7-day volatility ratio is showing 4.39% which for the 30-day chart, stands at 3.50%. Furthermore, Helen of Troy Ltd (HELE)’s beta value is 0.85, and its average true range (ATR) is 3.01.
A comparison of Helen of Troy Ltd (HELE) with its peers suggests the former has fared considerably weaker in the market. HELE showed an intraday change of -1.13% in last session, and over the past year, it shrunk by -35.36%%.
Data on historical trading for Helen of Troy Ltd (NASDAQ:HELE) indicates that the trading volumes over the past 10 days have averaged 0.86 and over the past 3 months, they’ve averaged 721.20K. According to company’s latest data on outstanding shares, there are 23.75 million shares outstanding.
Nearly 1.28% of Helen of Troy Ltd’s shares belong to company insiders and institutional investors own 108.29% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.43 million shares as on 2024-09-30, resulting in a short ratio of 3.05. According to the data, the short interest in Helen of Troy Ltd (HELE) stood at 1713.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 2.1 million. The stock has fallen by -40.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HELE stock heading into the next quarter.
