The market performance of Hormel Foods Corp.’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $38.27 on 10/05/23, while the lowest value for the same duration was $28.51 on 02/14/24.
52-week price history of HRL Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Hormel Foods Corp.’s current trading price is -18.71% away from its 52-week high, while its distance from the 52-week low is 9.12%. The stock’s price range during the 52-week period has remained between $28.51 and $38.27. In the Consumer Defensive sector, the company’s shares saw a trading volume of around 2.16 million for the day, which was evidently lower than the average daily volume of 2.27 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Hormel Foods Corp. (HRL) has experienced a quarterly rise of 2.71% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 17.06B and boasts a workforce of 20000 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 31.96, with a change in price of -4.52. Similarly, Hormel Foods Corp. recorded 2,437,208 in trading volume during the last 100 days, posting a change of -12.69%.
Examining HRL’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for HRL stands at 0.36. Similarly, the long-term debt-to-equity ratio is also 0.36.
HRL Stock Stochastic Average
As of today, Hormel Foods Corp.’s raw stochastic average for the last 50 days stands at 48.10%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 11.83%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 37.26% and 52.13%, respectively.
HRL Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -3.11%. However, over the last six months, the performance has been stronger by -11.54%. The price of HRL increased 0.32% over the last 30 days. And in the last five days, it has fallen by -1.46%.
