Hanesbrands Stock Price on May 1, 2024
| HBI Stock | USD 4.48 0.01 0.22% |
Below is the normalized historical share price chart for Hanesbrands extending back to August 16, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Hanesbrands stands at 4.48, as last reported on the 29th of April, with the highest price reaching 4.60 and the lowest price hitting 4.46 during the day.
If you're considering investing in Hanesbrands Stock, it is important to understand the factors that can impact its price. We consider Hanesbrands relatively risky. Hanesbrands holds Efficiency (Sharpe) Ratio of 0.0054, which attests that the entity had a 0.0054% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hanesbrands, which you can use to evaluate the volatility of the firm. Please check out Hanesbrands' Market Risk Adjusted Performance of 0.0591, risk adjusted performance of 0.0309, and Downside Deviation of 4.19 to validate if the risk estimate we provide is consistent with the expected return of 0.0199%.
As of now, Hanesbrands' Other Stockholder Equity is decreasing as compared to previous years. The Hanesbrands' current Sale Purchase Of Stock is estimated to increase to 0.00, while Total Stockholder Equity is projected to decrease to under 398.4 M. . As of now, Hanesbrands' Price Sales Ratio is decreasing as compared to previous years. The Hanesbrands' current Price Fair Value is estimated to increase to 5.06, while Price Earnings Ratio is forecasted to increase to (18.54). Hanesbrands Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 6th of September 2006 | 200 Day MA 4.5986 | 50 Day MA 5.0958 | Beta 1.593 |
Hanesbrands |
Sharpe Ratio = 0.0054
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Estimated Market Risk
| 3.71 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hanesbrands is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hanesbrands by adding Hanesbrands to a well-diversified portfolio.
Price Book 4.0659 | Enterprise Value Ebitda 14.8181 | Price Sales 0.3025 | Shares Float 349 M | Wall Street Target Price 4.19 |
Hanesbrands Valuation on May 1, 2024
It is possible to determine the worth of Hanesbrands on a given historical date. On May 1, 2024 Hanesbrands was worth 4.46 at the beginning of the trading date compared to the closed value of 4.48. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hanesbrands stock. Still, in general, we apply an absolute valuation method to find Hanesbrands' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hanesbrands where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hanesbrands' related companies.
| Open | High | Low | Close | Volume | |
| 4.46 | 4.60 | 4.46 | 4.48 | 5,241,925 | |
04/29/2024 | 4.46 | 4.60 | 4.46 | 4.48 | 0.00 |
| Backtest Hanesbrands | | | Hanesbrands History | | | Hanesbrands Valuation | Previous |
Hanesbrands Trading Date Momentum on May 1, 2024
| On April 29 2024 Hanesbrands was traded for 4.48 at the closing time. Highest Hanesbrands's price during the trading hours was 4.60 and the lowest price during the day was 4.46 . There was no trading activity during the period 0.0. Lack of trading volume on the 29th of April did not cause price change. The trading delta at closing time to current price is 0.45% . |
Hanesbrands Fundamentals Correlations and Trends
By evaluating Hanesbrands' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hanesbrands' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hanesbrands financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hanesbrands Stock history
Hanesbrands investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hanesbrands is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hanesbrands will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hanesbrands stock prices may prove useful in developing a viable investing in Hanesbrands
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 350.6 M | 304.8 M | |
| Net Loss | -114.5 M | -108.8 M |
Hanesbrands Quarterly Net Working Capital |
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Hanesbrands Stock Technical Analysis
Hanesbrands technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Hanesbrands Period Price Range
Low | April 29, 2024
| High |
4.46 | 4.48 |
Hanesbrands April 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Hanesbrands stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hanesbrands shares will generate the highest return on investment. By undertsting and applying Hanesbrands stock market strength indicators, traders can identify Hanesbrands entry and exit signals to maximize returns
Hanesbrands Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hanesbrands' price direction in advance. Along with the technical and fundamental analysis of Hanesbrands Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hanesbrands to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0309 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0104 | |||
| Treynor Ratio | 0.0491 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanesbrands. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more detail on how to invest in Hanesbrands Stock please use our How to Invest in Hanesbrands guide.Note that the Hanesbrands information on this page should be used as a complementary analysis to other Hanesbrands' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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When running Hanesbrands' price analysis, check to measure Hanesbrands' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hanesbrands is operating at the current time. Most of Hanesbrands' value examination focuses on studying past and present price action to predict the probability of Hanesbrands' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanesbrands' price. Additionally, you may evaluate how the addition of Hanesbrands to your portfolios can decrease your overall portfolio volatility.
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Is Hanesbrands' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hanesbrands. If investors know Hanesbrands will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hanesbrands listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.47) | Earnings Share (0.05) | Revenue Per Share 16.077 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0374 |
The market value of Hanesbrands is measured differently than its book value, which is the value of Hanesbrands that is recorded on the company's balance sheet. Investors also form their own opinion of Hanesbrands' value that differs from its market value or its book value, called intrinsic value, which is Hanesbrands' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hanesbrands' market value can be influenced by many factors that don't directly affect Hanesbrands' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hanesbrands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hanesbrands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hanesbrands' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.