In yesterday’s Wall Street session, Hanesbrands Inc (NYSE:HBI) shares traded at $4.93, up 1.86% from the previous session.
HBI stock price is now 1.37% away from the 50-day moving average and 8.12% away from the 200-day moving average. The market capitalization of the company currently stands at $1.73B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $10 to $7, Credit Suisse Downgraded its rating from Outperform to Neutral for Hanesbrands Inc (NYSE: HBI). On October 31, 2022, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Underweight’ on the stock reducing its target price from $13 to quote $5, while ‘Evercore ISI’ rates the stock as ‘In-line’
A total of 1.22% of the company’s stock is owned by insiders.
During the past 12 months, Hanesbrands Inc has had a low of $3.54 and a high of $5.86. As of last week, the company has a debt-to-equity ratio of 11.03, a current ratio of 1.59, and a quick ratio of 0.62. The fifty day moving average price for HBI is $4.868 and a two-hundred day moving average price translates $4.5607 for the stock.
The latest earnings results from Hanesbrands Inc (NYSE: HBI) was released for 2024-03-30. According to the Apparel Manufacturing Company, earnings per share came in at -0.01, beating analysts’ expectations of -0.02 by 0.01. This compares to -$0.10 EPS in the same period last year. The net profit margin was -0.42% and return on equity was -6.62% for HBI. The company reported revenue of $1.16 billion for the quarter, compared to $1.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -16.78 percent. For the current quarter, analysts expect HBI to generate $1.35B in revenue.
