The -13.88% Decline of Hasbro, Inc.’s (HAS) Stock in the Past Quarter

In the past week, HAS stock has gone up by 0.75%, with a monthly gain of 7.30% and a quarterly surge of 21.09%. The volatility ratio for the week is 1.52%, and the volatility levels for the last 30 days are 1.66% for Hasbro, Inc. The simple moving average for the past 20 days is 0.98% for HAS’s stock, with a 22.81% simple moving average for the past 200 days.

Is It Worth Investing in Hasbro, Inc. (NASDAQ: HAS) Right Now?

Moreover, the 36-month beta value for HAS is 0.61. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 4 as “overweight,” 7 as “hold,” and 0 as “sell.”

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The public float for HAS is 130.61M and currently, short sellers hold a 2.49% of that float. On October 11, 2024, HAS’s average trading volume was 1.34M shares.

HAS) stock’s latest price update

Hasbro, Inc. (NASDAQ: HAS)’s stock price has increased by 0.14 compared to its previous closing price of 72.24. However, the company has seen a 0.75% increase in its stock price over the last five trading sessions. zacks.com reported 2024-10-08 that In the most recent trading session, Hasbro (HAS) closed at $72.11, indicating a -0.52% shift from the previous trading day.

Analysts’ Opinion of HAS

Many brokerage firms have already submitted their reports for HAS stocks, with BofA Securities repeating the rating for HAS by listing it as a “Buy.” The predicted price for HAS in the upcoming period, according to BofA Securities is $90 based on the research report published on September 16, 2024 of the current year 2024.

BofA Securities, on the other hand, stated in their research note that they expect to see HAS reach a price target of $80, previously predicting the price at $70. The rating they have provided for HAS stocks is “Buy” according to the report published on June 14th, 2024.

JP Morgan gave a rating of “Overweight” to HAS, setting the target price at $74 in the report published on May 23rd of the current year.

HAS Trading at 5.86% from the 50-Day Moving Average

After a stumble in the market that brought HAS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.52% of loss for the given period.

Volatility was left at 1.66%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares surge +7.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.22% upper at present.

During the last 5 trading sessions, HAS rose by +0.75%, which changed the moving average for the period of 200-days by +41.79% in comparison to the 20-day moving average, which settled at $71.64. In addition, Hasbro, Inc. saw 41.68% 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 HAS starting from Sibley Tarrant L., who sale 13,000 shares at the price of $60.26 back on May 29 ’24. After this action, Sibley Tarrant L. now owns 53,003 shares of Hasbro, Inc., valued at $783,442 using the latest closing price.

Stock Fundamentals for HAS

Current profitability levels for the company are sitting at:

  • 0.0 for the present operating margin
  • 0.57 for the gross margin

The net margin for Hasbro, Inc. stands at -0.23. The total capital return value is set at 0.0. Equity return is now at value -57.63, with -13.38 for asset returns.

Based on Hasbro, Inc. (HAS), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 3.47. The interest coverage ratio of the stock is 0.06.

Currently, EBITDA for the company is 851.9 million with net debt to EBITDA at 4.28. When we switch over and look at the enterprise to sales, we see a ratio of 2.96. The receivables turnover for the company is 4.79for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.

Conclusion

To wrap up, the performance of Hasbro, Inc. (HAS) has been better in recent times. The stock has received a mixed of “buy” 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.

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