Haemonetics Corp. (NYSE:HAE) shares, rose in value, with the stock price up by 0.70% to the previous day’s close as strong demand from buyers drove the stock to $74.97.
Actively observing the price movement in the last trading, the stock closed the session at $74.45, falling within a range of $74.32 and $75.73. The value of beta (5-year monthly) was 0.304 whereas the PE ratio was 33.58 over 12-month period. Referring to stock’s 52-week performance, its high was $97.97, and the low was $70.74. On the whole, HAE has fluctuated by 2.33% over the past month.
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With the market capitalization of Haemonetics Corp. currently standing at about $3.84 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.4B, with a low estimate of 339M and a high estimate of 347.83M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 342.65M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HAE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.10, with the price of HAE currently trading nearly -2.39% and -2.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.60, while the 7-day volatility ratio is showing 1.97% which for the 30-day chart, stands at 2.50%. Furthermore, Haemonetics Corp. (HAE)’s beta value is 0.31, and its average true range (ATR) is 1.93.
A comparison of Haemonetics Corp. (HAE) with its peers suggests the former has fared considerably weaker in the market. HAE showed an intraday change of 0.70% in last session, and over the past year, it shrunk by -16.49%%.
Data on historical trading for Haemonetics Corp. (NYSE:HAE) indicates that the trading volumes over the past 10 days have averaged 0.53 and over the past 3 months, they’ve averaged 578.77K. According to company’s latest data on outstanding shares, there are 50.79 million shares outstanding.
Nearly 1.10% of Haemonetics Corp.’s shares belong to company insiders and institutional investors own 109.86% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.42 million shares as on 2024-09-30, resulting in a short ratio of 8.29. According to the data, the short interest in Haemonetics Corp. (HAE) stood at 1658.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 6.09 million. The stock has fallen by -12.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HAE stock heading into the next quarter.
