Hamilton Lane Inc (NASDAQ:HLNE) shares, rose in value on Friday, March 07, with the stock price down by -1.12% to the previous day’s close as strong demand from buyers drove the stock to $145.94.
Actively observing the price movement in the last trading, the stock closed the session at $147.59. The PE ratio was 27.25 over 12-month period. Referring to stock’s 52-week performance, its high was $203.72, and the low was $103.42. On the whole, HLNE has fluctuated by -14.24% over the past month.
With the market capitalization of Hamilton Lane Inc currently standing at about $8.32 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.92, with its dividend yield at 1.31%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 681.16M, with a low estimate of 163.3M and a high estimate of 170.93M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 167.05M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HLNE’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 100% 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 1.76, with the price of HLNE currently trading nearly -5.70% and -5.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.05, while the 7-day volatility ratio is showing 5.50% which for the 30-day chart, stands at 3.93%. Furthermore, Hamilton Lane Inc (HLNE)’s beta value is 1.35, and its average true range (ATR) is 6.71.
A comparison of Hamilton Lane Inc (HLNE) with its peers suggests the former has fared considerably weaker in the market. HLNE showed an intraday change of -1.12% in last session, and over the past year, it grew by 35.37%%.
Data on historical trading for Hamilton Lane Inc (NASDAQ:HLNE) indicates that the trading volumes over the past 3 months, they’ve averaged 537.56K. According to company’s latest data on outstanding shares, there are 41.77 million shares outstanding.
Nearly 10.77% of Hamilton Lane Inc’s shares belong to company insiders and institutional investors own 94.20% of the company’s shares. The stock has fallen by -1.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HLNE stock heading into the next quarter.
