Hillman Solutions Corp. (NASDAQ:HLMN) finished Thursday with a subtraction of -$0.13 to close at $9.21, a downside of -1.39 percent. An average of 2,395,820 shares of common stock have been traded in the last five days. There was a fall of -$0.54 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,254,455 shares traded, while the 50-day average volume stands at 1,489,452.
HLMN stock has decreased by -3.66% in the last month. The company shares reached their 1-month lowest point of $8.91 on 07/11/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $6.59 and a high of $10.28 in 52 weeks. It has reached a new high 14 times so far this year and achieved 27.74% or $2.00 in price. In spite of this, the price is down -10.41% from the 52-week high.
Insider Transactions
HLMN stock investors should be aware that Hillman Solutions Corp. (HLMN) stock had its last reported insider trading activity 88 days ago on May 18. In this transaction, the insider spent $172,652,004. 10% Owner, CCMP Capital, LP, disposed of 28,750,000 shares at a price of $8.00 on Mar 03. The insider now owns more than $230,000,000 worth of shares. Prior to that, 10% Owner CCMP Capital, LP went on to Sale 8,400,000 shares at $7.13 each on Nov 07. An amount of $59,922,240 was transacted.
Valuation Metrics
Hillman Solutions Corp. (HLMN) stock’s beta is 1.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.20, the price-to-book (PB) ratio at 1.56, and the price-to-cash flow ratio at 22.44.
Financial Health
The quick ratio of Hillman Solutions Corp. for the recent quarter was 0.80, and the current ratio was 2.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.77 and a total debt to equity ratio of 0.78 for the recent quarter. Hillman Solutions Corp.’s EBITDA margin is 10.68%, while its operating margin for the same period stands at 2.20%. Its gross profit as reported stood at $639.78 million compared to revenue of $1.49 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Hillman Solutions Corp.’s return on assets was -0.90%.
Earnings Surprise
For the recent quarter, Hillman Solutions Corp. had $818.8 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $4.55 million in the quarter, while revenues of -$9.13 million were shrunk -93.85%. At the end of the recent quarter, Hillman Solutions Corp.’s stock balance sheet showed total liabilities of 1.31 billion. Shareholders own equity worth $194.79 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Hillman Solutions Corp. (HLMN) price momentum. RSI 9-day as of the close on 10 August was 34.49%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.17%.
As of today, HLMN’s price is $9.57 -5.54% or -$0.54 from its 5-day moving average. HLMN is currently trading -3.76% lower than its 20-day SMA and +17.77% higher than its 100-day SMA. However, the stock’s current price level is +12.59% above the SMA50 and +34.45% above the SMA200.
The stochastic %K and %D were 28.11% and 50.87%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 12.97% and the average true range at 0.31, the RSI (14) stands at 43.46%. The stock has reached -0.32 on the 9-day MACD Oscillator while the 14-day reading was at -0.30.
Analyst Ratings
Canaccord Genuity launched coverage on Hillman Solutions Corp. (NASDAQ: HLMN) in its analyst report released on July 11, 2023. The firm assigned the stock a Buy rating. The consensus rating for Hillman Solutions Corp. (HLMN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HLMN, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 7 others rate it as a “buy”.
What is HLMN’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $13.00, with a median target of $11.50. Taking a look at these predictions, the average price target given by analysts for Hillman Solutions Corp. (HLMN) stock is $11.44.
