Hanesbrands Inc. (HBI) is primed for evolution with the beta value of 1.49 – Invest Chronicle

Hanesbrands Inc. (HBI) is primed for evolution with the beta value of 1.49

Hanesbrands Inc. (HBI) is priced at $16.65 after the most recent trading session. Recently in News on December 8, 2021, Champion and Hasbro Gaming – Come Together with Winning Collection. New Apparel and Footwear Line Features Characters and Graphics from Monopoly, Twister, Scrabble and Candy Land. You can read further details here

Hanesbrands Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $17.55 on 01/05/22, with the lowest value was $16.20 for the same time period, recorded on 01/10/22.

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Hanesbrands Inc. (HBI) full year performance was 6.46%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Hanesbrands Inc. shares are logging -27.02% during the 52-week period from high price, and 12.23% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $14.84 and $22.82.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 2468684 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Hanesbrands Inc. (HBI) recorded performance in the market was -0.42%, having the revenues showcasing 0.60% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.87B, as it employees total of 61000 workers.

Specialists analysis on Hanesbrands Inc. (HBI)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 17.51, with a change in the price was noted -2.30. In a similar fashion, Hanesbrands Inc. posted a movement of -12.14% for the period of last 100 days, recording 4,751,584 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for HBI is recording 5.76 at the time of this writing. In addition, long term Debt to Equity ratio is set at 5.70.

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Trends and Technical analysis: Hanesbrands Inc. (HBI)

Raw Stochastic average of Hanesbrands Inc. in the period of last 50 days is set at 39.22%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 58.24%. In the last 20 days, the company’s Stochastic %K was 54.83% and its Stochastic %D was recorded 57.31%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -0.42%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -7.40%, alongside a boost of 6.46% for the period of the last 12 months. The shares increased approximately by -1.71% in the 7-day charts and went down by 0.24% in the period of the last 30 days. Common stock shares were driven by 0.60% during last recorded quarter.

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