The trading price of Hibbett Inc (NASDAQ:HIBB) closed higher on Tuesday, April 23, closing at $86.15, 18.84% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 10.52. In examining the 52-week price action we see that the stock hit a 52-week high of $83.00 and a 52-week low of $34.86. Over the past month, the stock has gained 18.96% in value.
Hibbett Inc, whose market valuation is $1.02 billion at the time of this writing. The dividend yield on the company stock is 1.16%, while its Forward Dividend ratio is 1.00. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 2.63 per share this quarter, however they have predicted annual earnings per share of 8.21 for current year and 9.16 for next year.
Analysts have forecast the company to bring in revenue of 453.02M for the current quarter, with the likely lows of 443M and highs of 462.7M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.75B.
On the technical side, indicators suggest HIBB has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.33, which symbolizes a positive outlook. A quick review shows that HIBB’s price is currently 19.49% off the SMA20 and 16.35% off the SMA50. The RSI metric on the 14-day chart is currently showing 73.85, and weekly volatility stands at 2.89%. When measured over the past 30 days, the indicator reaches 3.22%. Hibbett Inc (NASDAQ:HIBB)’s beta value is currently sitting at 1.73, while the Average True Range indicator is currently displaying 3.47.
To see how Hibbett Inc stock has been performing in comparison to its peers in the industry, here are the numbers: HIBB stock’s performance was 18.84% in the latest trading, and 49.80% in the past year. Hibbett Inc has a P/E ratio of 10.52.
An evaluation of the daily trading volume of Hibbett Inc (NASDAQ:HIBB) indicates that the 3-month average is 323.73K.
Currently, records show that 11.79 million of the company’s shares remain outstanding. The insiders hold 3.32% of outstanding shares, whereas institutions hold 99.62%. However, since the stock’s price has seen 19.62% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
