Red Robin: Surprise Surprise Hanesbrands Inc. (HBI), Science Applications International Corporation (SAIC)?

Hanesbrands Inc. (NYSE:HBI) average daily volatility for this week is 3.74% which is less than the 4.57% recorded over the past month. Its shares dropped by -41.28% or -$9.63 from its last recorded high of $23.33 which it attained on January 24 to close at $13.7 per share. Over the past 52 weeks, the shares of Hanesbrands Inc. has been trading as low as $11.57 before witnessing a massive surge by 18.41% or $2.13. This price movement has led to the HBI stock receiving more attention and has become one to watch out for. It jumped by 0.59% on Sunday and this got the market excited. The stock’s beta now stands at 0.73 and when compared to its 200-day moving average and its 50-day moving average, HBI price stands -22.99% below and -6.74% below respectively.

Hanesbrands Inc. (HBI) rose 6.2% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -36.72% and is now up by 9.34% since start of this year. A look at its monthly performance shows that the stock has recorded a -7.93% fall over the past 30 days. Its equity price dipped by -17.67% over the past three months which led to its overall six-month decrease to stand at -36.75%.

Experts from research firms are bullish about the near-term performance of Hanesbrands Inc. with most of them predicting a $18.57 price target on a short-term (12 months) basis. The average price target by the analysts will see a 35.55% rise in the stock and would lead to HBI’s market cap to surge to $6.66B. The stock has been rated an average 0, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 14 analysts that track Hanesbrands Inc. (NYSE:HBI) and find out that 8 of them rated it as a Hold. 6 of the 6 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at HBI technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 50.63 point. Its trading volume has lost -1074365 shares compared to readings over the past three months as it recently exchanged 5345635 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 6420000 shares, and this is 0.83 times the normal volume.

Analysts have predicted a price target for Science Applications International Corporation (SAIC) for 1 year and it stands at an average $82.88/share. This means that it would likely increase by 27.45% from its current position. The current price of the stock has been moving between $63.37 and $66.34. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $70. On the other hand, one analyst is super bullish about the price, setting a target as high as $92.

The SAIC stock Stochastic Oscillator (%D) is at 84.56%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 0.6 which compares to the 534.69 recorded by the industry or the 123.63 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 13.74, which is lower than the 15.65 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -0.4% over the past five years.

Analysts view Science Applications International Corporation (NYSE:SAIC) as a Buy, with 0 consensus rating. Reuters surveyed 8 analysts that follow SAIC and found that 4 of those analysts rated the stock as a Hold. The remaining 4 were divided, with 4 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Science Applications International Corporation (SAIC) shares or sell it if they already own it.