Hanesbrands Inc (HBI) concluded trading on Wednesday at a closing price of $7.36, with 3.53 million shares of worth about $25.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 56.26% during that period and on October 16, 2024 the price saw a loss of about -0.14%. Currently the company’s common shares owned by public are about 350.14M shares, out of which, 347.40M shares are available for trading.
Stock saw a price change of 0.27% in past 5 days and over the past one month there was a price change of 8.24%. Year-to-date (YTD), HBI shares are showing a performance of 65.02% which increased to 76.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.58 but also hit the highest price of $7.50 during that period. The average intraday trading volume for Hanesbrands Inc shares is 8.42 million. The stock is currently trading 2.91% above its 20-day simple moving average (SMA20), while that difference is up 10.88% for SMA50 and it goes to 37.44% higher than SMA200.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Hanesbrands Inc (NYSE: HBI) currently have 350.14M outstanding shares and institutions hold larger chunk of about 95.05% of that.
The stock has a current market capitalization of $2.59B and its 3Y-monthly beta is at 1.58. It has posted earnings per share of -$0.85 in the same period. It has Quick Ratio of 0.86 while making debt-to-equity ratio of 55.14. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HBI, volatility over the week remained 2.88% while standing at 3.11% over the month.
Stock’s fiscal year EPS is expected to rise by 481.17% while it is estimated to increase by 63.37% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Credit Suisse on November 10, 2022 offering a Neutral rating for the stock and assigned a target price range of between $10 and $7 to it. Coverage by Wells Fargo stated Hanesbrands Inc (HBI) stock as an Underweight in their note to investors on October 31, 2022, suggesting a price target of $5 for the stock. On July 13, 2022, Evercore ISI Downgrade their recommendations, while on June 08, 2022, Barclays Downgrade their ratings for the stock with a price target of $13. Stock get a Hold rating from Stifel on May 06, 2022.
