Hain Celestial Group Inc (NASDAQ: HAIN)’s stock price has plunge by -7.13relation to previous closing price of 6.73. Nevertheless, the company has seen a -10.84% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-10 that Hain Celestial Group’s (HAIN) portfolio now remains strategically positioned in snacks, baby & kids’ food, beverages, meal preparation and personal care segments.
Is It Worth Investing in Hain Celestial Group Inc (NASDAQ: HAIN) Right Now?
The 36-month beta value for HAIN is also noteworthy at 0.70. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 5 rating it as “overweight,” 12 rating it as “hold,” and 1 rating it as “sell.”
The public float for HAIN is 88.59M, and at present, short sellers hold a 3.74% of that float. The average trading volume of HAIN on April 11, 2024 was 1.18M shares.
HAIN’s Market Performance
The stock of Hain Celestial Group Inc (HAIN) has seen a -10.84% decrease in the past week, with a -33.93% drop in the past month, and a -42.92% fall in the past quarter. The volatility ratio for the week is 5.69%, and the volatility levels for the past 30 days are at 4.27% for HAIN. The simple moving average for the past 20 days is -20.50% for HAIN’s stock, with a -41.40% simple moving average for the past 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 -31.26% 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 -65.89% of loss for the given period.
Volatility was left at 4.27%, however, over the last 30 days, the volatility rate increased by 5.69%, as shares sank -31.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.23% lower at present.
During the last 5 trading sessions, HAIN fell by -10.84%, which changed the moving average for the period of 200-days by -50.32% in comparison to the 20-day moving average, which settled at $7.71. In addition, Hain Celestial Group Inc saw -42.92% 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 0.79. 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
In summary, Hain Celestial Group Inc (HAIN) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
