The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Hibbett Sports has an asset utilization ratio of 307.43 percent. This suggests that the company is making $3.07 for each dollar of assets. An increasing asset utilization means that Hibbett Sports is more efficient with each dollar of assets it utilizes for everyday operations.
The successful prediction of Hibbett Sports
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Hibbett Sports, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Hibbett Sports based on Hibbett Sports hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Hibbett Sports's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Hibbett Sports's related companies.
Use Technical Analysis to project Hibbett expected Price
Hibbett Sports 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.
A focus of Hibbett Sports technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hibbett Sports trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...Hibbett Sports Gross Profit
Hibbett Sports Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Hibbett Sports previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Hibbett Sports Gross Profit growth over the last 10 years. Please check Hibbett Sports'
gross profit and other
fundamental indicators for more details.
Breaking down Hibbett Sports Further
The current price rise of Hibbett Sports may raise some interest from investors. The stock closed today at a share price of
60.37 on
1,014,340 in trading volume. The company management teams may have good odds in positioning the firm resources to exploit market volatility in
April. The stock standard deviation of daily returns for 30 days investing horizon is currently 3.04. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Hibbett Sports partners.
Cost of Revenue Breakdown
Hibbett Sports Cost of Revenue is increasing over the years with slightly volatile fluctuation. Ongoing Cost of Revenue is projected to grow to about 652.4
M this year. Cost of Revenue usually refers to the aggregate cost of goods produced and sold and services rendered during the reporting period. Hibbett Sports Cost of Revenue is projected to increase significantly based on the last few years of reporting. The past year's Cost of Revenue was at 586.7 Million
| 2010 | 542.7 Million |
| 2014 | 800.78 Million |
| 2020 | 586.7 Million |
| 2021 | 652.4 Million |
Our take on Hibbett Sports to retake control
Current jensen alpha is at 0.4. Hibbett Sports shows above-average downside volatility for the selected time horizon. We advise investors to inspect Hibbett Sports further and ensure that all market timing and asset allocation strategies are consistent with the estimation of Hibbett Sports future alpha. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Hibbett Sports' stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Hibbett Sports' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
The Bottom Line
Whereas some other firms within the specialty retail industry are still a little expensive, even after the recent corrections, Hibbett Sports may offer a potential longer-term growth to investors. While some investors may not share our view we believe it may be a good time to drop Hibbett as the risk-reward trade off is not appealing enough to hold a position. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Hibbett Sports.
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Gabriel Shpitalnik is a Member of Macroaxis Editorial Board. Gabriel is a young entrepreneur and writes predominantly on the business, technology, and finance sector. He likes to analyze different equity instruments across a wide range of industries focusing primarily on consumer products and evolving technologies.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Hibbett Sports. Please refer to our
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