Herbalife (HLF, Financial) experienced a notable uptick in its stock price, surging by 5.05% to $7.07 per share. The trading volume reached 1.14 million shares with a turnover rate of 1.13% and a price fluctuation of 4.16%.
The company's recent financial report shows a revenue of $1.281 billion and a net profit of $4.7 million, with earnings per share (EPS) at $0.05. The gross profit stood at $964 million, and the price-to-earnings (P/E) ratio was 8.60. As of now, no institutional ratings of "buy," "hold," or "sell" have been issued for Herbalife.
In the broader packaged food industry, where Herbalife operates, the overall increase was 0.21%. Significant gains were seen in companies such as Above Food Ingredients Inc and Stryve Foods Inc. Stryve Foods, Inc., Agape ATP Corporation, and Blue Star Foods Corp. displayed high activity with turnover rates of 87.37%, 87.21%, and 33.27% respectively. In terms of price fluctuations, Happiness Come, Stryve Foods, Inc., and Clene Inc showed notable movement at rates of 71.06%, 58.95%, and 35.20% respectively.
Herbalife Ltd. is a global nutrition company that markets health and wellness products through a direct-selling business model across 95 countries. Its product range includes weight management, targeted nutrition, energy, sports and fitness, and outer nutrition products, with a significant portion of revenue from meal replacements, protein shakes, and healthy snacks. Key markets for Herbalife are North America, Mexico, Latin America, Europe, the Middle East, Africa, Asia Pacific, and China.
