In the past week, HIBB stock has gone down by -0.43%, with a monthly gain of 18.88% and a quarterly surge of 29.24%. The volatility ratio for the week is 0.52%, and the volatility levels for the last 30 days are 2.36% for Hibbett Inc The simple moving average for the past 20 days is 13.72% for HIBB’s stock, with a 44.52% simple moving average for the past 200 days.
Is It Worth Investing in Hibbett Inc (NASDAQ: HIBB) Right Now?
The price-to-earnings ratio for Hibbett Inc (NASDAQ: HIBB) is 10.52x, which is above its average ratio. Moreover, the 36-month beta value for HIBB is 1.72. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 11 as “hold,” and 3 as “sell.”
The public float for HIBB is 11.55M and currently, short sellers hold a 12.89% of that float. On May 02, 2024, HIBB’s average trading volume was 406.97K shares.
HIBB) stock’s latest price update
Hibbett Inc (NASDAQ: HIBB)’s stock price has plunge by -0.12relation to previous closing price of 86.24. Nevertheless, the company has seen a -0.43% plunge in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-23 that JD Sports is buying Hibbett for $87.50, which is about where the stock trades now. Shareholders may have little incentive to hold now and will need to diligently find an alternative investment.
Analysts’ Opinion of HIBB
Many brokerage firms have already submitted their reports for HIBB stocks, with Monness Crespi & Hardt repeating the rating for HIBB by listing it as a “Buy.” The predicted price for HIBB in the upcoming period, according to Monness Crespi & Hardt is $82 based on the research report published on March 18, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see HIBB reach a price target of $74, previously predicting the price at $82. The rating they have provided for HIBB stocks is “Market Perform” according to the report published on March 18th, 2024.
Telsey Advisory Group gave a rating of “Outperform” to HIBB, setting the target price at $82 in the report published on March 13th of the current year.
HIBB Trading at 13.93% from the 50-Day Moving Average
After a stumble in the market that brought HIBB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.65% of loss for the given period.
Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 0.52%, as shares surge +20.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.82% upper at present.
During the last 5 trading sessions, HIBB fell by -0.43%, which changed the moving average for the period of 200-days by +119.91% in comparison to the 20-day moving average, which settled at $76.49. In addition, Hibbett Inc saw 19.61% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HIBB starting from QUINN WILLIAM G, who sale 2,632 shares at the price of $65.27 back on Dec 01 ’23. After this action, QUINN WILLIAM G now owns 14,452 shares of Hibbett Inc, valued at $171,791 using the latest closing price.
BLAHNIK RONALD P, the SVP and CIO of Hibbett Inc, sale 2,200 shares at $58.85 during a trade that took place back on Nov 24 ’23, which means that BLAHNIK RONALD P is holding 41,979 shares at $129,470 based on the most recent closing price.
Stock Fundamentals for HIBB
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.34 for the gross margin
The net margin for Hibbett Inc stands at 0.07. The total capital return value is set at 0.18. Equity return is now at value 25.94, with 11.16 for asset returns.
Based on Hibbett Inc (HIBB), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 29.85.
Currently, EBITDA for the company is 57.61 million with net debt to EBITDA at 2.57. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 83.41for trailing twelve months and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.72.
Conclusion
To wrap up, the performance of Hibbett Inc (HIBB) has been better in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
