Home  »  Finance   »  These Numbers Show Just How Powerful Hanesbrands I...

These Numbers Show Just How Powerful Hanesbrands Inc (NYSE: HBI) Stock ‎Is

Hanesbrands Inc (NYSE:HBI) price is hovering lower on Tuesday, February 13, dropping -7.82% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $4.86. The company’s 5Y monthly beta was ticking 1.57. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.96 and 52-week low of $3.54. The stock added 8.74% on its value in the past month.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

Hanesbrands Inc, which has a market valuation of $1.57 billion, is expected to release its quarterly earnings report Feb 15, 2024. Analysts tracking HBI have forecast the quarterly EPS to grow by 0.09 per share this quarter, while the same analysts predict the annual EPS to hit $0.11 for the year 2024 and up to $0.48 for 2024. In this case, analysts estimate an annual EPS growth of -88.80% for the year and 336.40% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $1.36 billion, with the likely lows of $1.34 billion and highs of $1.39 billion. The average estimate suggests sales growth for the quarter will likely fall by -7.60% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $5.7 billion for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow -8.50% below that which the company brought in 2023.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give HBI a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.

The overview shows that HBI’s price is at present 1.44% off the SMA20 and 6.01% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.48, with weekly volatility standing at 4.88%. The indicator jumps to 4.27% when calculated based on the past 30 days. Hanesbrands Inc (NYSE:HBI)’s beta value is holding at 1.55, while the average true range (ATR) indicator is currently reading 0.22.

Turning out attention to how the Hanesbrands Inc stock has performed in comparison to its peers in the industry, here’s what we find: HBI’s stock is -7.82% on the day and -20.14% in the past 12 months. Turning out attention to how the Hanesbrands Inc stock has performed in comparison to its peers in the industry, here’s what we find: HBI’s stock is -7.82% on the day and -20.14% in the past 12 months.

An analysis of the Hanesbrands Inc (NYSE:HBI) stock in terms of its daily trading volume indicates that the 3-month average is 1.07. However, this figure increases on the past 10-day timeline to an average of 7.96 million.

Current records show that the company has 349.01M in outstanding shares. The insiders’ percentage holdings are 1.10% of outstanding shares while the percentage share held by institutions stands at 86.06%. The stats also highlight that short interest as of Jan 31, 2024, stood at 35.86 million shares, which puts the short ratio at the time at 5.9. From this we can glean that short interest is 10.25% of company’s current outstanding shares. Notably, we see that shares short in January fall slightly given the previous month’s figure stood at 40.03 million. But the 0.45% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.