Hanesbrands Inc (NYSE:HBI) shares, rose in value on Thursday, April 25, with the stock price down by -5.66% to the previous day’s close as strong demand from buyers drove the stock to $4.59.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.86. Referring to stock’s 52-week performance, its high was $5.86, and the low was $3.54. On the whole, HBI has fluctuated by -14.46% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.33B, with a low estimate of 1.17B and a high estimate of 1.24B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.19B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HBI’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HBI currently trading nearly -8.77% and -10.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.57, while the 7-day volatility ratio is showing 4.45% which for the 30-day chart, stands at 4.71%. Furthermore, Hanesbrands Inc (HBI)’s beta value is 1.61, and its average true range (ATR) is 0.24.
A comparison of Hanesbrands Inc (HBI) with its peers suggests the former has fared considerably weaker in the market. HBI showed an intraday change of -5.66% in today’s session so far, and over the past year, it shrunk by -5.85%%.
Data on historical trading for Hanesbrands Inc (NYSE:HBI) indicates that the trading volumes over the past 3 months, they’ve averaged 9.65 million. According to company’s latest data on outstanding shares, there are 350.14 million shares outstanding.
Nearly 1.22% of Hanesbrands Inc’s shares belong to company insiders and institutional investors own 86.54% of the company’s shares. The stock has risen by 2.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HBI stock heading into the next quarter.
