Hain Celestial Group Inc (NASDAQ:HAIN) shares, rose in value, with the stock price up by 1.70% to the previous day’s close as strong demand from buyers drove the stock to $8.39.
Actively observing the price movement in the last trading, the stock closed the session at $8.25, falling within a range of $8.26 and $8.53. The value of beta (5-year monthly) was 0.754. Referring to stock’s 52-week performance, its high was $12.49, and the low was $5.68. On the whole, HAIN has fluctuated by 3.20% over the past month.
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With the market capitalization of Hain Celestial Group Inc currently standing at about $753.76 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-05.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.7B, with a low estimate of 388.55M and a high estimate of 406M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 395.26M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HAIN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of HAIN currently trading nearly 1.02% and 7.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.47, while the 7-day volatility ratio is showing 4.32% which for the 30-day chart, stands at 4.39%. Furthermore, Hain Celestial Group Inc (HAIN)’s beta value is 0.75, and its average true range (ATR) is 0.40.
A comparison of Hain Celestial Group Inc (HAIN) with its peers suggests the former has fared considerably weaker in the market. HAIN showed an intraday change of 1.70% in last session, and over the past year, it shrunk by -19.64%%.
Data on historical trading for Hain Celestial Group Inc (NASDAQ:HAIN) indicates that the trading volumes over the past 10 days have averaged 1.34 and over the past 3 months, they’ve averaged 1.26 million. According to company’s latest data on outstanding shares, there are 89.85 million shares outstanding.
Nearly 0.90% of Hain Celestial Group Inc’s shares belong to company insiders and institutional investors own 100.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.29 million shares as on 2024-09-30, resulting in a short ratio of 4.65. According to the data, the short interest in Hain Celestial Group Inc (HAIN) stood at 835.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 4.66 million. The stock has fallen by -23.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HAIN stock heading into the next quarter.
