Stay Ahead of Wall Street. Find out what is happening to The Hain Celestial Group, Inc. (NASDAQ:HAIN) stock today? Its price is nose-diving -0.95 points, trading at $21.11 levels, and is down -4.31% from its previous close of $22.06. The shares seem to have an active trading volume day with a reported 417694 contracts so far this session. HAIN shares had a relatively better volume day versus average trading capacity of 1.18 million shares, but with a 0.1 billion float and a 2.99% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for HAIN stock indicates that the average analyst price target is $23.07 per share. This means the stock has a potential increase of 9.28% from where the HAIN share price has been trading recently which is between $21.27 and $22.14. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $16.
The shorts are climbing into The Hain Celestial Group, Inc. (HAIN) stock. The latest set of short interest data was released on 31 July 2019, and the numbers show a rise in short interest in HAIN shares. While short interest still represents only 10.75% of HAIN’s float, the number of shares shorted have risen by 478591. The number of shares shorted advanced to 11344242 shares, up from 10865651 shares during the preceding fortnight. With average daily trading volumes at 1297595 shares, days to cover decreased to about 13.31581 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Is The Hain Celestial Group, Inc. (NASDAQ:HAIN) Potentially Undervalued?” and dated August 09, 2019.
During the recent trading session for The Hain Celestial Group, Inc. (NASDAQ:HAIN), the company witnessed their stock drop by $-0.28 over a week and surge $0.48 from the price 20 days ago. When compared to their established 52-week high of $29.42, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/10/18. The recent low of $14.45 stood for a -28.25% since 02/07/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.3 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for The Hain Celestial Group, Inc., the two-week RSI stands at 47.3. This figure suggests that HAIN stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current HAIN readings is similarly very revealing as it has a stochastic reading of 51.36% at this stage. This figure means that HAIN share price today is being neutral.
Technical chart claims that The Hain Celestial Group, Inc. (HAIN) would settle between $22.38/share to $22.69/share level. However, if the stock price goes below the $21.51 mark, then the market for The Hain Celestial Group, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $20.95 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.18. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Evercore ISI, assumed coverage of HAIN assigning In-line rating, according to their opinion released on June 12. Wolfe Research analysts have lowered their rating of The Hain Celestial Group, Inc. (NASDAQ:HAIN) stock from Outperform to Peer Perform in a separate flash note issued to investors on May 17. Analysts at Maxim Group are sticking to their Buy stance. However, on May 10, they lifted price target for these shares to $28 from $25.