Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Hormel Foods Corp.’s current trading price is -14.38% away from its 52-week high, while its distance from the 52-week low is 10.70%. The stock’s price range during this period has varied between $28.51 and $36.86. The company, active in the Consumer Defensive sector, saw a trading volume of around 1.93 million for the day, considerably lower average daily volume of 2.25 million observed over the last three months.
Hormel Foods Corp.’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $36.86 on 05/20/24, and the lowest price during that time was $28.51, recorded on 02/14/24.
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How Financial Performance Impacts Market Capitalization
Hormel Foods Corp. (HRL) has experienced a quarterly decline of -0.72% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 17.31B and boasts a workforce of 20000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 31.50, with a change in price of -3.55. Similarly, Hormel Foods Corp. recorded 2,394,899 in trading volume during the last 100 days, posting a change of -10.11%.
How HRL’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its 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, the raw stochastic average of Hormel Foods Corp. over the last 50 days is at 59.49%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 55.40%. Further, the company’s Stochastic %K and %D values for the last 20 days were 33.37% and 24.83%, respectively.
HRL Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded a decrease of -1.71%. However, over the last six months, the performance has been stronger by -8.20%. The price of HRL decreased -2.59% over the last 30 days. And in the last five days, it has surged by 1.84%.
