Hormel Foods Corp (NYSE:HRL) shares, rose in value, with the stock price down by -0.53% to the previous day’s close as strong demand from buyers drove the stock to $30.04.
Actively observing the price movement in the last trading, the stock closed the session at $30.20. The PE ratio was 21.81 over 12-month period. Referring to stock’s 52-week performance, its high was $35.00, and the low was $27.59. On the whole, HRL has fluctuated by 1.76% over the past month.
With the market capitalization of Hormel Foods Corp currently standing at about $16.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.15, with its dividend yield at 3.81%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 12.11B, with a low estimate of 2.86B and a high estimate of 2.95B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.9B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HRL’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 Hold 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 2.98, with the price of HRL currently trading nearly 1.46% and 0.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.17, while the 7-day volatility ratio is showing 1.38% which for the 30-day chart, stands at 1.36%. Furthermore, Hormel Foods Corp (HRL)’s beta value is 0.33, and its average true range (ATR) is 0.61.
A comparison of Hormel Foods Corp (HRL) with its peers suggests the former has fared considerably weaker in the market. HRL showed an intraday change of -0.53% in last session, and over the past year, it shrunk by -13.55%%.
Data on historical trading for Hormel Foods Corp (NYSE:HRL) indicates that the trading volumes over the past 3 months, they’ve averaged 3.10 million. According to company’s latest data on outstanding shares, there are 549.79 million shares outstanding.
Nearly 47.25% of Hormel Foods Corp’s shares belong to company insiders and institutional investors own 42.98% of the company’s shares. The stock has fallen by -4.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HRL stock heading into the next quarter.
