Herbalife Ltd (NYSE:HLF) shares, rose in value, with the stock price down by -6.02% to the previous day’s close as strong demand from buyers drove the stock to $7.65.
Actively observing the price movement in the last trading, the stock closed the session at $8.14. The value of beta (5-year monthly) was 1.23 whereas the PE ratio was 5.38 over 12-month period. Referring to stock’s 52-week performance, its high was $19.48, and the low was $6.68. On the whole, HLF has fluctuated by -9.36% over the past month.
With the market capitalization of Herbalife Ltd currently standing at about $759.34 million, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.34, which is expected to increase to $0.71 for fiscal year $2.06 and then to about $2.64 by fiscal year 2025. Data indicates that the EPS growth is expected to be -6.80% in 2025, while the next year’s EPS growth is forecast to be 28.20%.
Analysts have estimated the company’s revenue for the quarter at $1.26 billion, with a low estimate of $1.23 billion and a high estimate of $1.27 billion. According to the average forecast, sales growth in current quarter could jump up 0.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $5.12 billion, representing an increase of 1.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that HLF’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HLF currently trading nearly -15.22% and -22.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.04, while the 7-day volatility ratio is showing 10.34% which for the 30-day chart, stands at 6.88%. Furthermore, Herbalife Ltd (HLF)’s beta value is 1.25, and its average true range (ATR) is 0.66.
A comparison of Herbalife Ltd (HLF) with its peers suggests the former has fared considerably weaker in the market. HLF showed an intraday change of -6.02% in last session, and over the past year, it shrunk by -52.31%%.
Data on historical trading for Herbalife Ltd (NYSE:HLF) indicates that the trading volumes over the past 10 days have averaged 2.53 million and over the past 3 months, they’ve averaged 2.15 million. According to company’s latest data on outstanding shares, there are 99.20 million shares outstanding.
Nearly 3.99% of Herbalife Ltd’s shares belong to company insiders and institutional investors own 106.08% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.08 million shares as on Mar 15, 2024, resulting in a short ratio of 4.18. According to the data, the short interest in Herbalife Ltd (HLF) stood at 13.11% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 13.13 million. The stock has fallen by -49.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HLF stock heading into the next quarter.
