HAIN Experiences 5.12% Stock Decline Amid Industry-Wide Downturn

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Oct 03, 2024
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Hain Celestial Group Inc. (HAIN, Financial) recently saw its stock price decrease significantly by 5.12%, trading at $8.46 per share. The trading volume reached 227,825 shares with a turnover rate of 0.25% and a volatility of 5.16%.

The latest financial report reveals that Hain Celestial's revenue stood at $1.736 billion, with a net loss of $75.04 million. This translates to an earnings per share of -$0.84 and a gross profit of $376 million, resulting in a negative price-to-earnings ratio of -10.11. Currently, there are no institutional ratings available for HAIN, indicating neither buy, hold, nor sell recommendations.

Within the packaged foods industry, the overall decline was 1.33%. Among notable stocks, Blue Star Foods Corp., Australian Oilseeds Holdings Limited, and Seneca Foods Corp. reported significant gains, while Blue Star Foods Corp., Stryve Foods Inc., and DayDayCook showed high activity levels with turnover rates of 2.94%, 2.55%, and 2.08% respectively. Notably, stocks with the highest volatility include Happiness Come, The Real Good Food Company, Inc., and Above Food Ingredients Inc., with swings of 23.21%, 16.19%, and 12.98% respectively.

Hain Celestial is a health and wellness company producing natural organic food and personal care products. It operates through brands like Garden Veggie Snacks, Terra Chips, and Celestial Seasonings, covering categories such as snacks, baby and children's food, beverages, meal preparation, and personal care. The company is divided into two segments: North America, contributing the majority of its revenue from the U.S. and Canada, and International, encompassing sales in the UK and Western Europe.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.