The stock of Hanesbrands Inc (HBI) has seen a -11.55% decrease in the past week, with a -6.22% drop in the past month, and a 20.99% flourish in the past quarter. The volatility ratio for the week is 6.18%, and the volatility levels for the past 30 days are at 4.63% for HBI. The simple moving average for the past 20 days is -5.09% for HBI’s stock, with a 12.10% simple moving average for the past 200 days.
Is It Worth Investing in Hanesbrands Inc (NYSE: HBI) Right Now?
HBI has 36-month beta value of 1.61. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for HBI is 346.76M, and currently, short sellers hold a 14.14% ratio of that float. The average trading volume of HBI on April 08, 2024 was 9.34M shares.
HBI) stock’s latest price update
Hanesbrands Inc (NYSE: HBI) has seen a rise in its stock price by 3.22 in relation to its previous close of 4.97. However, the company has experienced a -11.55% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-11 that Even as the S&P 500 marks new highs, some investors see small-cap value stocks as today’s best bet for long-term growth. Many are becoming increasingly nervous about index-based stock concentration.
Analysts’ Opinion of HBI
Many brokerage firms have already submitted their reports for HBI stocks, with Credit Suisse repeating the rating for HBI by listing it as a “Neutral.” The predicted price for HBI in the upcoming period, according to Credit Suisse is $7 based on the research report published on November 10, 2022 of the previous year 2022.
Wells Fargo, on the other hand, stated in their research note that they expect to see HBI reach a price target of $5, previously predicting the price at $13. The rating they have provided for HBI stocks is “Underweight” according to the report published on October 31st, 2022.
HBI Trading at 2.24% from the 50-Day Moving Average
After a stumble in the market that brought HBI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.46% of loss for the given period.
Volatility was left at 4.63%, however, over the last 30 days, the volatility rate increased by 6.18%, as shares sank -7.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.58% upper at present.
During the last 5 trading sessions, HBI fell by -11.55%, which changed the moving average for the period of 200-days by +8.69% in comparison to the 20-day moving average, which settled at $5.38. In addition, Hanesbrands Inc saw 15.02% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HBI
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.34 for the gross margin
The net margin for Hanesbrands Inc stands at -0.0. The total capital return value is set at 0.07. Equity return is now at value -4.34, with -0.29 for asset returns.
Based on Hanesbrands Inc (HBI), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 8.12. The interest coverage ratio of the stock is 1.12.
Currently, EBITDA for the company is 288.78 million with net debt to EBITDA at 8.91. When we switch over and look at the enterprise to sales, we see a ratio of 0.95. The receivables turnover for the company is 10.11for trailing twelve months and the total asset turnover is 1.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
To put it simply, Hanesbrands Inc (HBI) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
