The following stocks (NASDAQ:HAIN, NYSE:CMI and NYSE:M) are close to 52-week low. For information, the 52-week low serves as an indicator for potential investors. Investor’s will often determine the 52-week low for a stock when looking at its current price. If the price is near or approaching the 52-week low, investors might consider it a good time to buy because the stock could be undervalued. Also, the market could have overreacted to a company’s bad news. Hence, it is possible that stocks trading near their 52-week low could be worth buying.
Hain Celestial Group Inc (NASDAQ:HAIN)(Trend analysis) shares traded close to their lowest level in a year. The Diversified Food company’s share price is currently trading 2.11% above its 52-week-low. The 1-year stock price history is in the range of $40.22 – $70.65. Hain Celestial Group Inc is currently valued at $4.23 billion. The stock has a 50-day moving average of $48.79 and a 200-day moving average of $59.46.
There are currently twenty-three analysts that cover Hain Celestial Group Inc stock. Of those twenty-three, eighteen have a Buy rating, five have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $59.55.
The stock closed last trading session at $41.07, up by 0.12%.
Cummins Inc (NYSE:CMI)(Trend analysis) shares were traded at $98.7, up by 0.13%, close to the 52-week low of $97.41, with a volume of 1,936,077 shares against an average volume for the last 3 months of 2,303,210. This represents a volume multiple of 0
Cummins Inc (CMI) current short interest stands at 9.8 million shares. It has increased by 24% from the same period of last month. Around 6% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.33 million shares, the number of days required to cover the short positions stand at 4.3 days.
A recent stock analyst activity consisted of Morgan Stanley downgrading their Equal-weight rating to Underweight on October 28. Morgan Stanley decreased price target from $112 to $79.
Macy’s Inc (NYSE:M)(Trend analysis) shares are also trading near the 52-week low of $37.75. The stock closed last trading session at $38.6, up by 0.16%, with a volume of 10,618,395 shares compared to an average volume for the last 3 months of 6,481,040. The year-to-date performance of the stock stands at -29.54%.
Macy’s Inc (M) current short interest stands at 10.44 million shares. It has increased by 18% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 14.49 million shares, the number of days required to cover the short positions stand at 0.8 day.