Hain Celestial Group Inc (HAIN) Shares Down Despite Recent Market Volatility

Hain Celestial Group Inc (NASDAQ: HAIN)’s stock price has gone decline by -3.07 in comparison to its previous close of 7.49, however, the company has experienced a -9.02% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-08 that Hain Celestial (HAIN) reported earnings 30 days ago. What’s next for the stock?

Is It Worth Investing in Hain Celestial Group Inc (NASDAQ: HAIN) Right Now?

Moreover, the 36-month beta value for HAIN is 0.69. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 5 as “overweight,” 12 as “hold,” and 1 as “sell.”

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The public float for HAIN is 88.59M and currently, short sellers hold a 4.32% of that float. On April 03, 2024, HAIN’s average trading volume was 1.12M shares.

HAIN’s Market Performance

HAIN stock saw a decrease of -9.02% in the past week, with a monthly decline of -22.85% and a quarterly a decrease of -33.70%. The volatility ratio for the week is 3.72%, and the volatility levels for the last 30 days are 3.93% for Hain Celestial Group Inc (HAIN). The simple moving average for the last 20 days is -15.82% for HAIN’s stock, with a simple moving average of -32.93% for the last 200 days.

Analysts’ Opinion of HAIN

Many brokerage firms have already submitted their reports for HAIN stocks, with DA Davidson repeating the rating for HAIN by listing it as a “Neutral.” The predicted price for HAIN in the upcoming period, according to DA Davidson is $10 based on the research report published on March 01, 2024 of the current year 2024.

Maxim Group, on the other hand, stated in their research note that they expect to see HAIN reach a price target of $18, previously predicting the price at $25. The rating they have provided for HAIN stocks is “Buy” according to the report published on February 08th, 2024.

Stephens gave a rating of “Overweight” to HAIN, setting the target price at $17 in the report published on June 23rd of the previous year.

HAIN Trading at -23.88% from the 50-Day Moving Average

After a stumble in the market that brought HAIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.38% of loss for the given period.

Volatility was left at 3.93%, however, over the last 30 days, the volatility rate increased by 3.72%, as shares sank -21.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.83% lower at present.

During the last 5 trading sessions, HAIN fell by -9.02%, which changed the moving average for the period of 200-days by -39.85% in comparison to the 20-day moving average, which settled at $8.52. In addition, Hain Celestial Group Inc saw -33.70% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at HAIN starting from Davidson Wendy P, who purchase 5,000 shares at the price of $9.46 back on Feb 13 ’24. After this action, Davidson Wendy P now owns 58,309 shares of Hain Celestial Group Inc, valued at $47,294 using the latest closing price.

ZIER DAWN M., the Director of Hain Celestial Group Inc, purchase 5,000 shares at $11.25 during a trade that took place back on Nov 15 ’23, which means that ZIER DAWN M. is holding 68,755 shares at $56,250 based on the most recent closing price.

Stock Fundamentals for HAIN

Current profitability levels for the company are sitting at:

  • 0.02 for the present operating margin
  • 0.22 for the gross margin

The net margin for Hain Celestial Group Inc stands at -0.09. The total capital return value is set at 0.01. Equity return is now at value -15.05, with -6.78 for asset returns.

Based on Hain Celestial Group Inc (HAIN), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is 0.5.

Currently, EBITDA for the company is 149.76 million with net debt to EBITDA at 6.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.84. The receivables turnover for the company is 9.26for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.24.

Conclusion

To wrap up, the performance of Hain Celestial Group Inc (HAIN) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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