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HRL’s Market Ups and Downs: What’s Behind the 2023 Stock Performance?

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. This year’s metric has recorded a Price decrease of -16.05%. However, over the past six months, we’ve seen a stronger performance of -22.42%. The price of HRL leaped by -4.02% over the last 30 days. And in the last five days, it has fallen by -2.62%.

The stock price for Hormel Foods Corporation (HRL) currently stands at $38.24. The stock experienced a substantial increase in the last session, hitting $38.8598 after starting at $38.62. The stock’s lowest price was $38.19 before closing at $38.89.

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Hormel Foods Corporation experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $51.69 on 08/26/22, while the lowest price for the same period was registered at $37.78 on 03/23/23.

52-week price history of HRL Stock

Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Hormel Foods Corporation’s current trading price is -26.02% away from its 52-week high, while its distance from the 52-week low is 1.23%. The stock’s price range during this time has been between $37.78 and $51.69. The trading volume for the Consumer Defensive sector company’s shares reached about 2.49 million for the day, which was higher than the average daily volume of 2.25 million over the last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Hormel Foods Corporation (HRL) has experienced a quarterly decline of -15.21% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 20.86B and boasts a workforce of 20000 employees.

Hormel Foods Corporation: Analysts’ Ratings Unveiled

As of right now, 0 analyst is rating Hormel Foods Corporation as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts are recommending to HOLD this stock, 2 of them gave the stock UNDERWEIGHT rating, and 2 analysts are rating the stock as SELL.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 41.96, with a change in price of -7.31. Similarly, Hormel Foods Corporation recorded 1,993,810 in trading volume during the last 100 days, posting a change of -16.05%.

HRL’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for HRL stands at 0.43. Similarly, the long-term debt-to-equity ratio is also 0.43.

HRL Stock Stochastic Average

Today’s raw stochastic average for Hormel Foods Corporation over the last 50 days is 13.01%.This indicates a increase from the raw stochastic average of the past 20 days, which was 1.62%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 11.39% and 14.69%, respectively.

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