Sign in
Download Opera News App

Economy

 

Investing

 

Stock investment

Stay healthier and glow for real !!

The stock price of Herbalife Nutrition (NYSE: HLF), best known for its dietary supplements, has seen a large 23% drop over the last ten trading days, while it’s down 10% over the last five trading days, but we believe the stock, after the recent correction, may trend higher in the near term. The recent drop can partly be attributed to the company missing the street estimates for both earnings and revenues in Q4. However, most of the analysts maintain a strong “buy” rating on HLF stock, with average consensus price estimate of $70, which reflects a premium of a solid 55% from the current price of $45.







Looking at the recent sell-off, the 23% drop for HLF stock over the last ten days compares with 1.7% drop seen in the broader S&P 500 index. Now, is HLF stock poised to gain further? It appears so. Based on our machine learning analysis of trends in the stock price over the last few years, we believe that there is a strong chance of a rise in HLF stock over the next month (twenty-one trading days). See our analysis on Herbalife Stock Chances of Rise for more details. Curious about the possibility of rising over the next quarter? Check out the HLF Stock AI Dashboard: Chances Of Rise And Fall for a variety of scenarios on how HLF stock could move.




Five Days: HLF -10%, vs. S&P500 -1.8%; Underperformed market




(2% likelihood event)







Herbalife stock declined 10% over a five-day trading period ending 2/25/2021, compared to the broader market (S&P500) decline of 1.8%

A change of -10% or more over five trading days is a 2% likelihood event, which has occurred 20 times out of 1256 in the last five years



What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams

Get the best of Forbes to your inbox with the latest insights from experts across the globe.

Trefis Team

Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you…Read More

Corrections

Reprints & Permissions


Content created and supplied by: Happyngobeni (via Opera News )

HLF Herbalife Nutrition NYSE

COMMENTS

Load app to read more comments