Hormel Foods Corp. (HRL) average volume reaches $2.21M: Is Wall Street expecting a rally?

Hormel Foods Corp. (NYSE: HRL) kicked off on Tuesday, down -0.81% from the previous trading day, before settling in for the closing price of $30.94. Over the past 52 weeks, HRL has traded in a range of $28.51-$36.86.

During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 5.16%. While this was happening, its average annual earnings per share was recorded -1.65%. With a float of $290.56 million, this company’s outstanding shares have now reached $546.60 million.

Let’s determine the extent of company efficiency that accounts for 20000 employees. In terms of profitability, gross margin is 16.99%, operating margin of 8.65%, and the pretax margin is 8.36%.

Hormel Foods Corp. (HRL) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Packaged Foods Industry. The insider ownership of Hormel Foods Corp. is 47.01%, while institutional ownership is 41.44%. The most recent insider transaction that took place on Sep 27 ’24, was worth 312,689. In this transaction GROUP VICE PRESIDENT of this company sold 9,800 shares at a rate of $31.91, taking the stock ownership to the 30,589 shares. Before that another transaction happened on Sep 27 ’24, when Company’s Officer proposed sale 9,800 for $31.91, making the entire transaction worth $312,688.

Hormel Foods Corp. (HRL) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -1.65% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.62% during the next five years compared to -4.93% drop over the previous five years of trading.

Hormel Foods Corp. (NYSE: HRL) Trading Performance Indicators

Take a look at Hormel Foods Corp.’s (HRL) current performance indicators. Last quarter, stock had a quick ratio of 1.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.40. Likewise, its price to free cash flow for the trailing twelve months is 18.64.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.42, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 1.69 in one year’s time.

Technical Analysis of Hormel Foods Corp. (HRL)

Looking closely at Hormel Foods Corp. (NYSE: HRL), its last 5-days average volume was 1.58 million, which is a drop from its year-to-date volume of 2.6 million. As of the previous 9 days, the stock’s Stochastic %D was 7.70%. Additionally, its Average True Range was 0.50.

During the past 100 days, Hormel Foods Corp.’s (HRL) raw stochastic average was set at 37.47%, which indicates a significant increase from 4.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.15% in the past 14 days, which was lower than the 20.56% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $31.69, while its 200-day Moving Average is $32.31. However, in the short run, Hormel Foods Corp.’s stock first resistance to watch stands at $30.96. Second resistance stands at $31.22. The third major resistance level sits at $31.39. If the price goes on to break the first support level at $30.52, it is likely to go to the next support level at $30.35. Should the price break the second support level, the third support level stands at $30.09.

Hormel Foods Corp. (NYSE: HRL) Key Stats

The company with the Market Capitalisation of 16.83 billion has total of 548,364K Shares Outstanding. Its annual sales at the moment are 12,110 M in contrast with the sum of 793,570 K annual income. Company’s last quarter sales were recorded 2,898 M and last quarter income was 176,700 K.