Hanesbrands Inc (NYSE: HBI): Why Investors Shouldn’t Ditch HBI Stock In 2024

In the last trading session, 12.53 million Hanesbrands Inc (NYSE:HBI) shares changed hands as the company’s beta touched 1.62. With the company’s per share price at $4.68 changed hands at -$0.01 or -0.21% during last session, the market valuation stood at $1.65B. HBI’s last price was a discount, traded about -25.21% off its 52-week high of $5.86. The share price had its 52-week low at $3.54, which suggests the last value was 24.36% up since then. When we look at Hanesbrands Inc’s average trading volume, we note the 3-month average coming to 9.34 million.

Hanesbrands Inc (NYSE:HBI) trade information

Instantly HBI was in red as seen at the end of in last trading. With action -9.30%, the performance over the past five days has been red. The drop to weekly highs of 5.14 subtracted -0.21% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.93%, with the 5-day performance at -9.30% in the red. However, in the 30-day time frame, Hanesbrands Inc (NYSE:HBI) is -17.61% down.

Hanesbrands Inc (HBI) estimates and forecasts

Data shows that the Hanesbrands Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 18.18% over the past 6 months, a 633.33% in annual growth rate that is considerably higher than the industry average of 2.50%.

The 2024 estimates are for Hanesbrands Inc earnings to increase by 619.24%, but the outlook for the next 5-year period is at -12.40% per year.