Wall Street predicts Hain Celestial Group Inc (HAIN) stock to surge by 39.6%

Hain Celestial Group Inc [HAIN] stock is trading at $8.94, up 1.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The HAIN shares have gain 4.81% over the last week, with a monthly amount glided 3.59%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Hain Celestial Group Inc [NASDAQ: HAIN] stock has seen the most recent analyst activity on March 01, 2024, when DA Davidson initiated its Neutral rating and assigned the stock a price target of $10. Previously, Maxim Group reaffirmed its Buy rating on February 08, 2024, and dropped its price target to $18. On June 23, 2023, Stephens initiated with a Overweight rating and assigned a price target of $17 on the stock. Piper Sandler upgraded its rating to a Neutral and decreased its price target to $16 on May 10, 2023. Piper Sandler downgraded its rating to a Underweight and reduced its price target to $17 on February 08, 2023. JP Morgan downgraded its rating to Neutral for this stock on February 08, 2023, and downed its price target to $21. In a note dated December 20, 2022, Stifel initiated an Hold rating and provided a target price of $17 on this stock.

Hain Celestial Group Inc [HAIN] stock has fluctuated between $5.68 and $12.49 over the past year. Currently, Wall Street analysts expect the stock to reach $12.48 within the next 12 months. Hain Celestial Group Inc [NASDAQ: HAIN] shares were valued at $8.94 at the most recent close of the market. An investor can expect a potential return of 39.6% based on the average HAIN price forecast.

Analyzing the HAIN fundamentals

Hain Celestial Group Inc [NASDAQ:HAIN] reported sales of 1.74B for the trailing twelve months, which represents a drop of -6.48%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.08 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.8.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.71 points at the first support level, and at 8.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.07, and for the 2nd resistance point, it is at 9.19.

Ratios To Look Out For

For context, Hain Celestial Group Inc’s Current Ratio is 1.98. On the other hand, the Quick Ratio is 1.01, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 0.85.

Transactions by insiders

Recent insider trading involved Marquardt Chad D., President, North America, that happened on Sep 10 ’24 when 100.0 shares were purchased. President and CEO, Davidson Wendy P completed a deal on Sep 09 ’24 to buy 100.0 shares. Meanwhile, President, North America Marquardt Chad D. bought 5300.0 shares on Sep 04 ’24.

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