Hillman Solutions Corp (NASDAQ:HLMN) shares, rose in value, with the stock price up by 0.62% to the previous day’s close as strong demand from buyers drove the stock to $9.74.
Actively observing the price movement in the last trading, the stock closed the session at $9.68. Referring to stock’s 52-week performance, its high was $10.85, and the low was $6.02. On the whole, HLMN has fluctuated by -8.63% 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 1.51B, with a low estimate of 345.85M and a high estimate of 360M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 354.64M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HLMN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy 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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HLMN currently trading nearly -1.92% and -0.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.01, while the 7-day volatility ratio is showing 2.45% which for the 30-day chart, stands at 2.74%. Furthermore, Hillman Solutions Corp (HLMN)’s beta value is 1.71, and its average true range (ATR) is 0.27.
A comparison of Hillman Solutions Corp (HLMN) with its peers suggests the former has fared considerably weaker in the market. HLMN showed an intraday change of 0.62% in last session, and over the past year, it grew by 23.45%%.
Data on historical trading for Hillman Solutions Corp (NASDAQ:HLMN) indicates that the trading volumes over the past 3 months, they’ve averaged 926.61K. According to company’s latest data on outstanding shares, there are 194.91 million shares outstanding.
Nearly 1.33% of Hillman Solutions Corp’s shares belong to company insiders and institutional investors own 98.07% of the company’s shares. The stock has risen by 5.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HLMN stock heading into the next quarter.
