DA Davidson has recently initiated Hain Celestial Group Inc (HAIN) stock to Neutral rating, as announced on March 1, 2024, according to Finviz. Earlier, on February 8, 2024, Maxim Group had reiterated the stock to Buy, setting a price target of $18 for HAIN stock. Stephens also initiated Overweight rating with a price target of $17. Additionally, Piper Sandler raised Neutral rating on May 10, 2023, with a target price of $16. Piper Sandler analysts, in their report published on February 8, 2023, also reduced Underweight rating and set a price target of $19 for Hain Celestial Group Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Sponsored
Hain Celestial Group Inc (HAIN) Stock Trading Recap
On Monday, Hain Celestial Group Inc (HAIN) stock saw a decline, ending the day at $7.25 which represents a decrease of $-0.16 or -2.16% from the prior close of $7.41. The stock opened at $7.37 and touched a low of $7.14 during the day, reaching a high of $7.51. The volume of shares traded was 1.70 million exceeding the average volume of 1.32 million.
HAIN Stock Performance and Moving Averages
In recent trading, Hain Celestial Group Inc (HAIN) stock price has shown some volatility, fluctuating -19.98% over the last five trades and -13.59% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -4.61%, and it has gained 7.81% in the previous three months. Currently, HAIN is trading at -15.16%, -13.66%, and -7.98% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, HAIN, a Consumer Defensive sector stock, is trading -39.43% below its 52-week high but remains 27.53% above its 52-week low. The Average True Range (ATR) (14 days) of 0.46 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Hain Celestial Group Inc’s Profitability and Valuation Ratios
Hain Celestial Group Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 5.75% and a profit margin of -4.94%, with a gross margin of -4.61%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Hain Celestial Group Inc’s market capitalization stands at $648.65 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.64. Additionally, the Price-to-Sales Ratio is 0.38, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.68, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.09% of Hain Celestial Group Inc (HAIN)’s shares, while financial institutions hold 100.78%.
