Hershey Company (NYSE:HSY) shares, rose in value, with the stock price up by 3.89% to the previous day’s close as strong demand from buyers drove the stock to $161.97.
Actively observing the price movement in the recent trading, the stock is buoying the session at $155.90. The PE ratio was 19.98 over 12-month period. Referring to stock’s 52-week performance, its high was $208.03, and the low was $140.13. On the whole, HSY has fluctuated by -1.88% over the past month.
With the market capitalization of Hershey Company currently standing at about $32.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 5.48, with its dividend yield at 3.38%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.44B, with a low estimate of 2.44B and a high estimate of 2.54B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.5B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HSY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell 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 100% Sell.
The stock’s technical analysis shows that the price of HSY currently trading nearly -0.03% and -1.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.58, while the 7-day volatility ratio is showing 1.54% which for the 30-day chart, stands at 1.74%. Furthermore, Hershey Company (HSY)’s beta value is 0.27, and its average true range (ATR) is 4.53.
A comparison of Hershey Company (HSY) with its peers suggests the former has fared considerably weaker in the market. HSY showed an intraday change of 3.89% in today’s session so far, and over the past year, it shrunk by -17.78%%.
Data on historical trading for Hershey Company (NYSE:HSY) indicates that the trading volumes over the past 3 months, they’ve averaged 1.72 million. According to company’s latest data on outstanding shares, there are 147.98 million shares outstanding.
Nearly 27.30% of Hershey Company’s shares belong to company insiders and institutional investors own 61.23% of the company’s shares. The stock has fallen by -4.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HSY stock heading into the next quarter.
