Haynes International, Inc. (NASDAQ:HAYN) could be one of the best stocks that investors may want to consider for their portfolio today as the company shares are trading 3.88% or 1.29 points up from last closing price of $33.23, reaching $34.52 at last check. Any clue why there is so much of action in the HAYN stock? The share price has risen in 4 of the last 5 days and is up 8.77% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 37,178 shares, and in total 116278 shares valued at $4.014 million were seen changing hands compared with 79100 shares valued at $2.628 million recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the HAYN stock.
Haynes International, Inc. (HAYN) shares have notched a 3-month gain of about 8.77%, but has still advanced 25.87% year to date. By comparison, the stock sank -9.18% over the past 12 months, while it jumped 11.06% over the 1 month. The company’s market cap is around $419.69M, with its short interest ratio standing at 2.22%.
In the current trading session for HAYN, the stock witnessed two major price actions, it rose to a high of $34.54 and was down as much as $33.28 at one point. The high recorded is very low when compared to their 52-week high which is $24.46. The 52-week high is now at -7.43 distance from current price. Their recent low of $37.13 represents a 40.51% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for HAYN is $45.5, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Haynes International, Inc. earned $0.51 per share in the trailing 12 months and has a P/E ratio of 67.69. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 16.72 and higher compared to the sector’s average of 23.3. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. HAYN also has P/S multiple of 0.9. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.81x.
The company recorded an interesting insider purchase transaction by the VP on Feb 11, 2019. A Securities and Exchanges Commission filings show that Janice Gunst bought a total of 125 HAYN shares that day for a sum of around $4,059. The filings show that the insider stake has now grown to 7,400 shares, currently worth $255,448. Haynes International, Inc. (HAYN) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to shares. In total, individual insiders traded no shares in the business, which makes up 0% of 64,266 shares that were traded over a year. In the past 12 months, insiders have purchased 39,913 shares while the seller parted with 24,353 shares.
HAYN‘s last price was up 9.29% as compared to the average trading price of 50 days recorded at $31.59 while enlarging the period to 200 trading days, the average closing price was $30.51. At present, there are 12.63 million in the total number of common shares owned by the public and among those 12.32 million shares have been available to trade. The percentage of shares being held by the company management was 0.2% while institutions stake was 93.1%. The company has generated positive returns on equity over the last 12 months (0.6%). It managed to keep its gross profit margin at 12.5% over the past 12 months.
When assessing the full upside of the HAYN stock, there is another set of technicals that should be looked into and considered. Its 14.54% gain from moving average of $30.14 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.67 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly -16.4%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 20%. The revenue of the company has retreated at an average annualized rate of about -2 over the last five years. The company recently recorded an increase of 11.4%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards HAYN stock. Boston Partners trimmed position in the company after it dumped -46.8% or 369,662 shares of its common stock. The hedge fund now owns 196,660 shares worth $6,788,703, SEC documents show. Barrow Hanley Mewhinney & Strauss LLC cut assets in the stock as 34982.35 shares have been sold, reducing its stake by -3.7% to 33,688 shares which are currently valued at $1,162,910. In addition, Susquehanna International Group LLP recently reported that it now owns 11,205 shares making a total of $386,797 based on the recent price. This refelects a change of -212.1% in their ownership.