Hormel Foods Stock Price on March 27, 2024
| HRL Stock | USD 35.63 0.24 0.68% |
Below is the normalized historical share price chart for Hormel Foods extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Hormel Foods stands at 35.63, as last reported on the 11th of May 2024, with the highest price reaching 35.71 and the lowest price hitting 35.30 during the day.
If you're considering investing in Hormel Stock, it is important to understand the factors that can impact its price. Hormel Foods appears to be very steady, given 3 months investment horizon. Hormel Foods holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hormel Foods, which you can use to evaluate the volatility of the firm. Please utilize Hormel Foods' Risk Adjusted Performance of 0.0923, downside deviation of 1.65, and Market Risk Adjusted Performance of 0.6335 to validate if our risk estimates are consistent with your expectations.
At this time, Hormel Foods' Total Stockholder Equity is quite stable compared to the past year. Liabilities And Stockholders Equity is expected to rise to about 16.2 B this year, although the value of Common Stock Total Equity will most likely fall to about 6.5 M. . At this time, Hormel Foods' Price To Sales Ratio is quite stable compared to the past year. Price To Free Cash Flows Ratio is expected to rise to 31.54 this year, although Price Book Value Ratio will most likely fall to 2.30. Hormel Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of January 1990 | 200 Day MA 34.3042 | 50 Day MA 34.668 | Beta 0.272 |
Hormel |
Sharpe Ratio = 0.1495
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Estimated Market Risk
| 2.17 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Hormel Foods is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hormel Foods by adding it to a well-diversified portfolio.
Price Book 2.369 | Enterprise Value Ebitda 15.5243 | Price Sales 1.5312 | Shares Float 289 M | Dividend Share 1.108 |
Hormel Foods Valuation on March 27, 2024
It is possible to determine the worth of Hormel Foods on a given historical date. On March 27, 2024 Hormel was worth 34.49 at the beginning of the trading date compared to the closed value of 34.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hormel Foods stock. Still, in general, we apply an absolute valuation method to find Hormel Foods' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hormel Foods where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hormel Foods' related companies.
| Open | High | Low | Close | Volume | |
| 34.37 | 34.62 | 34.07 | 34.07 | 2,733,203 | |
03/27/2024 | 34.49 | 34.86 | 34.49 | 34.57 | 3,724,969 |
| 34.95 | 35.12 | 34.61 | 34.61 | 2,274,694 |
| Backtest Hormel Foods | | | Hormel Foods History | | | Hormel Foods Valuation | Previous | Next |
Hormel Foods Trading Date Momentum on March 27, 2024
| On March 28 2024 Hormel Foods was traded for 34.61 at the closing time. Highest Hormel Foods's price during the trading hours was 35.12 and the lowest price during the day was 34.61 . The net volume was 2.3 M. The overall trading history on the 28th of March contributed to the next trading period price upswing. The trading delta at closing time to the next next day price was 0.12% . The trading delta at closing time to current price is 0.35% . |
Hormel Foods Fundamentals Correlations and Trends
By evaluating Hormel Foods' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hormel Foods' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hormel financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hormel Foods Stock history
Hormel Foods investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hormel is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hormel Foods will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hormel Foods stock prices may prove useful in developing a viable investing in Hormel Foods
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 494.1 M | 457.6 M | |
| Net Income Applicable To Common Shares | 912.6 M | 593.6 M |
Hormel Foods Quarterly Net Working Capital |
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Hormel Foods Stock Technical Analysis
Hormel Foods technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Hormel Foods Period Price Range
Low | March 27, 2024
| High |
34.49 | 34.57 |
Hormel Foods May 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Hormel Foods stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hormel Foods shares will generate the highest return on investment. By undertsting and applying Hormel Foods stock market strength indicators, traders can identify Hormel Foods entry and exit signals to maximize returns
| Accumulation Distribution | 39536.39 | |||
| Daily Balance Of Power | 0.2162 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 34.67 | |||
| Day Typical Price | 34.64 | |||
| Price Action Indicator | (0.07) | |||
| Period Momentum Indicator | 1.06 |
Hormel Foods Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hormel Foods' price direction in advance. Along with the technical and fundamental analysis of Hormel Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hormel to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0923 | |||
| Jensen Alpha | 0.2546 | |||
| Total Risk Alpha | 0.0316 | |||
| Sortino Ratio | 0.1304 | |||
| Treynor Ratio | 0.6235 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hormel Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Hormel Stock please use our How to buy in Hormel Stock guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Hormel Stock analysis
When running Hormel Foods' price analysis, check to measure Hormel Foods' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hormel Foods is operating at the current time. Most of Hormel Foods' value examination focuses on studying past and present price action to predict the probability of Hormel Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hormel Foods' price. Additionally, you may evaluate how the addition of Hormel Foods to your portfolios can decrease your overall portfolio volatility.
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Is Hormel Foods' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hormel Foods. If investors know Hormel will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hormel Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.004 | Dividend Share 1.108 | Earnings Share 1.45 | Revenue Per Share 22.203 | Quarterly Revenue Growth 0.009 |
The market value of Hormel Foods is measured differently than its book value, which is the value of Hormel that is recorded on the company's balance sheet. Investors also form their own opinion of Hormel Foods' value that differs from its market value or its book value, called intrinsic value, which is Hormel Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hormel Foods' market value can be influenced by many factors that don't directly affect Hormel Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hormel Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hormel Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hormel Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.