Herbalife Ltd (NYSE: HLF) Could Soar To Much Higher Prices In Coming Months

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In the last trading session, 1.14 million Herbalife Ltd (NYSE:HLF) shares changed hands as the company’s beta touched 1.18. With the company’s per share price at $7.77 changed hands at -$0.27 or -3.36% during last session, the market valuation stood at $756.85M. HLF’s last price was a discount, traded about -101.54% off its 52-week high of $15.66. The share price had its 52-week low at $6.59, which suggests the last value was 15.19% up since then. When we look at Herbalife Ltd’s average trading volume, we note the 10-day average is 2.01 million shares, with the 3-month average coming to 2.06 million.

Analysts gave the Herbalife Ltd (HLF) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.57. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended HLF as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.

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Herbalife Ltd (NYSE:HLF) trade information

Instantly HLF was in red as seen at the end of in last trading. With action -8.59%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -49.08%, with the 5-day performance at -8.59% in the red. However, in the 30-day time frame, Herbalife Ltd (NYSE:HLF) is 14.10% up. Looking at the short shares, we see there were 10.53 million shares sold at short interest cover period of 4.22 days.

The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need an upside of 29.36% from its current market value. According to analyst projections, HLF’s forecast low is 9.5 with 36 as the target high. To hit the forecast high, the stock’s price needs a -363.32% plunge from its current level, while the stock would need to soar -22.27% for it to hit the projected low.

Herbalife Ltd (HLF) estimates and forecasts

Data shows that the Herbalife Ltd 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 -24.56% over the past 6 months, a -31.67% in annual growth rate that is considerably higher than the industry average of -39.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -6.48%. The 2024 estimates are for Herbalife Ltd earnings to decrease by -21.58%, but the outlook for the next 5-year period is at 18.95% per year.

HLF Dividends

Herbalife Ltd is expected to release its next quarterly earnings report in January. During the past 5 years, the average dividend yield was 1.7 per year.

Herbalife Ltd (NYSE:HLF)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 1.77% of Herbalife Ltd shares while 109.00% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 110.96%. There are 109.00% institutions holding the Herbalife Ltd stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 10.3538% of the shares, roughly 10.42 million HLF shares worth $108.22 million.

WINDACRE PARTNERSHIP LLC holds the second largest percentage of outstanding shares, with 8.6516% or 8.7 million shares worth $90.43 million as of 2024-06-30.