Hain Celestial Group Inc (NASDAQ:HAIN) Adds 4.94 Percent In A Week: What Motivates The Stock?

In last trading session, Hain Celestial Group Inc (NASDAQ:HAIN) saw 1.25 million shares changing hands with its beta currently measuring 0.73. Company’s recent per share price level of $8.50 trading at $0.18 or 2.10% at ring of the bell on the day assigns it a market valuation of $763.64M. That closing price of HAIN’s stock is at a discount of -46.94% from its 52-week high price of $12.49 and is indicating a premium of 33.18% from its 52-week low price of $5.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.8 million shares which gives us an average trading volume of 1.18 million if we extend that period to 3-months.

For Hain Celestial Group Inc (HAIN), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.47. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.01 in the current quarter.

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Hain Celestial Group Inc (NASDAQ:HAIN) trade information

Upright in the green during last session for gaining 2.10%, in the last five days HAIN remained trading in the green while hitting it’s week-highest on Wednesday, 08/28/24 when the stock touched $8.50 price level, adding 7.1% to its value on the day. Hain Celestial Group Inc’s shares saw a change of -22.37% in year-to-date performance and have moved 4.94% in past 5-day. Hain Celestial Group Inc (NASDAQ:HAIN) showed a performance of 14.56% in past 30-days. Number of shares sold short was 3.17 million shares which calculate 3.84 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 9.35 to the stock, which implies a rise of 9.09% to its current value. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 24. It follows that stock’s current price would jump 5.88% in reaching the projected high whereas dropping to the targeted low would mean a gain of 5.88% for stock’s current value.

Hain Celestial Group Inc (HAIN) estimates and forecasts

Statistics highlight that Hain Celestial Group Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -11.37% of value to its shares in past 6 months, showing an annual growth rate of 39.39% while that of industry is 10.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -1.40% from the last financial year’s standing.

12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 398.11M for the same. And 12 analysts are in estimates of company making revenue of 446.72M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 9.39% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 43.96% while estimates for its earnings growth in next 5 years are of 32.50%.

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

Insiders are in possession of 1.43% of company’s total shares while institution are holding 103.44 percent of that, with stock having share float percentage of 104.95%. Investors also watch the number of corporate investors in a company very closely, which is 103.44% institutions for Hain Celestial Group Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at HAIN for having 14.83 million shares of worth $102.44 million. And as of 2024-06-30, it was holding 16.5035 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 11.82 million shares on 2024-06-30. The number of shares represents firm’s hold over 13.1559 of outstanding shares, having a total worth of $81.66 million.