The stock of The Hain Celestial Group Inc. (NASDAQ:HAIN) increased by $0.88 on Wednesday to $10.60, up 9.00 percent. The last five days have seen an average of 1,457,829 shares of common stock traded. 14 times new highs were reached in the current year, with a fall of -$5.66. The average number of shares traded over the last 20 days was 1,223,277, while the average volume over the last 50 days totaled 938,593.
HAIN stock dropped -12.94% since last month. On 09/08/23, the company’s shares reached a one-month low of $9.36. The stock touched a high of $22.14 on 02/02/23, after rallying from a low of $9.36 in 52 weeks. The price of HAIN stock has declined by -34.52% or -$5.66 this year, reaching a new high 14 times. Still, the stock price is down -52.15% from the 52-week high.
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Insider Transactions
HAIN stock investors should be aware that The Hain Celestial Group Inc. (HAIN) stock had its last reported insider trading activity 5 days ago on Sep 15. On Sep 15, Global Ch Supply Chain Officer Golliher Steven R. acquired 30,000 shares at $10.16 each. This transaction resulted in the insider spending $304,803. On Sep 15, Davidson Wendy P added 10,000 shares at a price of US$10.00. After the transaction, the insider now owns 16,636 shares. Director Schiller Mark L. had earlier sold 25,000 shares on Feb 17 for $18.75 a share. The transaction was completed for $468,630.
Valuation Metrics
Beta for the stock is 0.95. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.54, the price-to-book (PB) ratio of 0.93, and the price-to-cash flow ratio of 25.00.
Financial Health
For the three months ended June 30, The Hain Celestial Group Inc.’s quick ratio was 1.20, while its current ratio was 2.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 30 is 0.81, and the total debt to equity ratio is 0.81. As far as profitability goes, gross margin for the trailing twelve months is 22.10% percent. The Hain Celestial Group Inc.’s operating margin stood at -4.80% for the same period. Based on annual data, it had gross profit of $396.41 million and revenue of $1.8 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HAIN’s return on assets (ROA) during the last 12 months has been -5.00%. There was a -3.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -11.20%.
Earnings Surprise
According to The Hain Celestial Group Inc.’s quarterly financial report for the quarter that ended June 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $447.61 million, while revenues fell by -2.1% to $455.24 million. It was predicted that The Hain Celestial Group Inc.’s quarterly earnings would be $0.11, but it ended up being $0.1. EBITDA was $24.96 million for the quarter. At the end of The Hain Celestial Group Inc.’s most recent quarter ended June 30, its liabilities totaled 1.24 billion, while its total debt was $929.25 million. Equity owned by shareholders amounts to $89.47 million.
Technical Picture
Here’s a quick look at The Hain Celestial Group Inc.’s (HAIN) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 53.65%, suggesting the stock is Neutral, with a 61.39% historical volatility rate.
The stochastic %K and %D were 34.29% and 25.53% respectively, while the average true range (ATR) was 0.57. Based on the 14-day stochastic reading of 69.54%, the RSI (14) reading is 47.82%. On the 9-day MACD Oscillator, the stock is at -0.02, and the 14-day reading is at -0.05.
Analyst Ratings
In its analyst report released on June 23, 2023, Stephens began covering The Hain Celestial Group Inc. (NASDAQ: HAIN). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned The Hain Celestial Group Inc. (HAIN) an Overweight rating. HAIN is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 3 others recommend it as a buy.
What is HAIN’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $30.00, with a median target price of $12.00. In analyzing these forecasts, the average price target given by analysts for The Hain Celestial Group Inc. (HAIN) is $15.00.
