Hain Celestial Group Inc (NASDAQ: HAIN) Stock: Can It Surge Further?

In today’s recent session, 7.06 million shares of the Hain Celestial Group Inc (NASDAQ:HAIN) have been traded, and its beta is 0.75. Most recently the company’s share price was $8.63, and it changed around $1.8 or 26.35% from the last close, which brings the market valuation of the company to $775.32M. HAIN at last check was trading at a discount to its 52-week high of $12.49, offering almost -44.73% off that amount. The share price’s 52-week low was $5.68, which indicates that the recent value has risen by an impressive 34.18% since then. We note from Hain Celestial Group Inc’s average daily trading volume that its 10-day average is 1.08 million shares, with the 3-month average coming to 932.50K.

Hain Celestial Group Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.27. If we narrow it down even further, the data shows that 1 out of 19 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 12 recommended HAIN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Hain Celestial Group Inc is expected to report earnings per share of 0.08 for the current quarter.

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Hain Celestial Group Inc (NASDAQ:HAIN) trade information

Instantly HAIN has been showing a green trend so far today with a performance of 26.35% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.32 on recent trading dayincreased the stock’s daily price by 7.4%. The company’s shares are currently down -21.19% year-to-date, but still up 38.52% over the last five days. On the other hand, Hain Celestial Group Inc (NASDAQ:HAIN) is 16.31% up in the 30-day period. We can see from the shorts that 3.58 million shares have been sold at a short interest cover period of 4.28 day(s).

The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to increase their stock price by 4.11% from its current value. Analyst projections state that HAIN is forecast to be at a low of $8 and a high of $24.

Hain Celestial Group Inc (HAIN) estimates and forecasts

Hain Celestial Group Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -11.21 percent over the past six months and at a -42.00% annual growth rate that is well below the industry average of 8.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -27.30% in revenue this quarter, and will report an increase of 125.00% in the next quarter. The year-over-year growth rate is expected to be -3.40%, down from the previous year.

Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 421.21M in revenue for the current quarter. 10 analysts expect Hain Celestial Group Inc to make 425.28M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 447.84M and 431.7M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5.90%. Forecasts for the next quarter put sales growth at -1.50%.

HAIN Dividends

Hain Celestial Group Inc’s next quarterly earnings report is expected to be released in September.

Hain Celestial Group Inc (NASDAQ:HAIN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.43% of Hain Celestial Group Inc shares, and 103.53% of them are in the hands of institutional investors. The stock currently has a share float of 105.03%. Hain Celestial Group Inc stock is held by 349.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 16.5035% of the shares, which is about 14.83 million shares worth $102.44 million.

VANGUARD GROUP INC, with 13.1559% or 11.82 million shares worth $81.66 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jul 31, 2024. The former held 5.94 shares worth $50.15 million, making up 6.61% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.8 shares worth around $23.66 million, which represents about 3.12% of the total shares outstanding.