Hanesbrands Inc (NYSE: HBI): To Buy Or Not To Buy?

Hanesbrands Inc (NYSE:HBI) shares, rose in value, with the stock price down by -3.31% to the previous day’s close as strong demand from buyers drove the stock to $6.04.

Actively observing the price movement in the recent trading, the stock is buoying the session at $6.25, falling within a range of $6.01 and $6.2599. The value of beta (5-year monthly) is 1.583. Referring to stock’s 52-week performance, its high was $9.10, and the low was $4.06. On the whole, HBI has fluctuated by -29.24% over the past month.

With the market capitalization of Hanesbrands Inc currently standing at about $2.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.52B, with a low estimate of 746.26M and a high estimate of 765.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 757.47M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HBI’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% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the price of HBI currently trading nearly -23.42% and -26.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 21.00, while the 7-day volatility ratio is showing 5.99% which for the 30-day chart, stands at 4.19%. Furthermore, Hanesbrands Inc (HBI)’s beta value is 1.71, and its average true range (ATR) is 0.42.

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 -3.31% in today’s session so far, and over the past year, it grew by 33.70%%.

Data on historical trading for Hanesbrands Inc (NYSE:HBI) indicates that the trading volumes over the past 10 days have averaged 9.05 and over the past 3 months, they’ve averaged 5.91 million. According to company’s latest data on outstanding shares, there are 352.50 million shares outstanding.

Nearly 1.37% of Hanesbrands Inc’s shares belong to company insiders and institutional investors own 99.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 38.33 million shares as on 2025-01-31, resulting in a short ratio of 8.62. According to the data, the short interest in Hanesbrands Inc (HBI) stood at 1501.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 43.89 million. The stock has fallen by -25.76% 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.

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