The stock of Hasbro, Inc. (NASDAQ: HAS) has decreased by -0.93 when compared to last closing price of 66.42. Despite this, the company has experienced a -8.53% fall in its stock price over the last five trading sessions. benzinga.com reported 2024-10-25 that Analysts rerated Hasbro, Inc HAS after mixed quarterly print. On Thursday, the company reported a third-quarter sales decline of 15% to $1.281 billion, marginally missing the analyst estimate of $1.295 billion.
Is It Worth Investing in Hasbro, Inc. (NASDAQ: HAS) Right Now?
Company’s 36-month beta value is 0.61.Analysts have differing 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 130.95M, and currently, short sellers hold a 2.66% ratio of that floaft. The average trading volume of HAS on October 29, 2024 was 1.27M shares.
HAS’s Market Performance
HAS stock saw a decrease of -8.53% in the past week, with a monthly decline of -8.74% and a quarterly a decrease of 0.44%. The volatility ratio for the week is 3.46%, and the volatility levels for the last 30 days are 2.09% for Hasbro, Inc. (HAS). The simple moving average for the last 20 days is -7.45% for HAS stock, with a simple moving average of 9.45% for the last 200 days.
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 -5.72% 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 -10.43% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares sank -9.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.81% lower at present.
During the last 5 trading sessions, HAS fell by -8.53%, which changed the moving average for the period of 200-days by +32.93% in comparison to the 20-day moving average, which settled at $71.09. In addition, Hasbro, Inc. saw 28.87% 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:
- 0.11 for the present operating margin
- 0.6 for the gross margin
The net margin for Hasbro, Inc. stands at -0.15. The total capital return value is set at 0.09. Equity return is now at value -36.56, with -8.24 for asset returns.
Based on Hasbro, Inc. (HAS), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 3.03. The interest coverage ratio of the stock is 2.77.
Currently, EBITDA for the company is 851.9 million with net debt to EBITDA at 3.62. When we switch over and look at the enterprise to sales, we see a ratio of 2.76. The receivables turnover for the company is 4.04for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
In a nutshell, Hasbro, Inc. (HAS) has experienced a mixed performance in recent times. The stock has received mixed “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.
