Hain Celestial Group Inc [NASDAQ: HAIN] gained 18.59% or 1.27 points to close at $8.10 with a heavy trading volume of 11600289 shares.
The daily chart for HAIN points out that the company has recorded -16.67% loss over the past six months.
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If we look at the average trading volume of 932.50K shares, HAIN reached to a volume of 11600289 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Hain Celestial Group Inc [HAIN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HAIN shares is $9.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HAIN stock is a recommendation set at 2.43. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
DA Davidson have made an estimate for Hain Celestial Group Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 01, 2024. While these analysts kept the previous recommendation, Maxim Group dropped their target price from $25 to $18. The new note on the price target was released on February 08, 2024, representing the official price target for Hain Celestial Group Inc stock. Previously, the target price had yet another raise to $17, while Stephens analysts kept a Overweight rating on HAIN stock. On May 10, 2023, analysts decreased their price target for HAIN shares from 17 to 16.
The Average True Range (ATR) for Hain Celestial Group Inc is set at 0.48, with the Price to Sales ratio for HAIN stock in the period of the last 12 months amounting to 0.41. The Price to Book ratio for the last quarter was 0.77, with the Price to Cash per share for the same quarter was set at 0.55. Price to Free Cash Flow for HAIN in the course of the last twelve months was 8.44 with Quick ratio for the last quarter at 1.07.
Trading performance analysis for HAIN stock
Hain Celestial Group Inc [HAIN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 30.02. With this latest performance, HAIN shares gained by 9.16% in over the last four-week period, additionally sinking by -16.67% over the last 6 months – not to mention a drop of -31.70% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HAIN stock in for the last two-week period is set at 64.93, with the RSI for the last a single of trading hit 71.25, and the three-weeks RSI is set at 61.15 for Hain Celestial Group Inc [HAIN]. The present Moving Average for the last 50 days of trading for this stock 7.10, while it was recorded at 6.78 for the last single week of trading, and 8.52 for the last 200 days.
Hain Celestial Group Inc [HAIN]: A deeper dive into fundamental analysis
Hain Celestial Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.07 and a Current Ratio set at 2.10.
Hain Celestial Group Inc [HAIN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Hain Celestial Group Inc posted 0.11/share EPS, while the average EPS was predicted by analysts to be reported at 0.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HAIN.
An analysis of Institutional ownership at Hain Celestial Group Inc [HAIN]
There are presently around $103.53%, or 105.03%% of HAIN stock, in the hands of institutional investors. The top three institutional holders of HAIN stocks are: BLACKROCK INC. with ownership of 14.83 million shares, which is approximately 16.5035%. VANGUARD GROUP INC, holding 11.82 million shares of the stock with an approximate value of $$81.66 million in HAIN stocks shares; and VANGUARD GROUP INC, currently with $$39.38 million in HAIN stock with ownership which is approximately 6.344%.
