Hibbett Sports Stock Price Prediction

HIBB Stock  USD 76.81  0.93  1.23%   
At the present time, the value of RSI of Hibbett Sports' share price is approaching 44. This usually indicates that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Hibbett Sports, making its price go up or down.

Oversold Vs Overbought

44

 
Oversold
 
Overbought
Hibbett Sports stock price prediction is an act of determining the future value of Hibbett Sports shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Hibbett Sports' future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Hibbett Sports and does not consider all of the tangible or intangible factors available from Hibbett Sports' fundamental data. We analyze noise-free headlines and recent hype associated with Hibbett Sports, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Hibbett Sports' stock price prediction:
Quarterly Earnings Growth
(0.13)
EPS Estimate Current Year
8.18
EPS Estimate Next Year
8.82
Wall Street Target Price
74.63
EPS Estimate Current Quarter
2.56
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Hibbett Sports based on different types of headlines from major news networks to social media. The Hibbett stock price prediction module provides an analysis of price elasticity to changes in media outlook on Hibbett Sports over a specific investment horizon. Using Hibbett Sports hype-based prediction, you can estimate the value of Hibbett Sports from the perspective of Hibbett Sports response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Hibbett Sports using Hibbett Sports' stock options and short interest. It helps to benchmark the overall future attitude of investors towards Hibbett using crowd psychology based on the activity and movement of Hibbett Sports' stock price.

Hibbett Sports Implied Volatility

    
  43.27  
Hibbett Sports' implied volatility exposes the market's sentiment of Hibbett Sports stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Hibbett Sports' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Hibbett Sports stock will not fluctuate a lot when Hibbett Sports' options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Hibbett Sports. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Hibbett Sports to buy its stock at a price that has no basis in reality. In that case, they are not buying Hibbett because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Hibbett Sports after-hype prediction price

    
  USD 76.63  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.

Prediction based on Rule 16 of the current Hibbett contract

Based on the Rule 16, the options market is currently suggesting that Hibbett Sports will have an average daily up or down price movement of about 2.7% per day over the life of the 2024-04-19 option contract. With Hibbett Sports trading at USD 76.81, that is roughly USD 2.08 . If you think that the market is fully incorporating Hibbett Sports' daily price movement you should consider acquiring Hibbett Sports options at the current volatility level of 43.27%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Check out Hibbett Sports Basic Forecasting Models to cross-verify your projections.
For information on how to trade Hibbett Stock refer to our How to Trade Hibbett Stock guide.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Hibbett Sports' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Intrinsic
Valuation
LowRealHigh
63.4966.1784.49
Details
Naive
Forecast
LowNextHigh
76.5179.1981.87
Details
9 Analysts
Consensus
LowTargetHigh
52.4457.6363.97
Details
Earnings
Estimates (0)
LowProjected EPSHigh
2.192.582.73
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hibbett Sports. Your research has to be compared to or analyzed against Hibbett Sports' peers to derive any actionable benefits. When done correctly, Hibbett Sports' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Hibbett Sports.

Hibbett Sports After-Hype Price Prediction Density Analysis

As far as predicting the price of Hibbett Sports at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Hibbett Sports or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Hibbett Sports, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Hibbett Sports Estimiated After-Hype Price Volatility

In the context of predicting Hibbett Sports' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Hibbett Sports' historical news coverage. Hibbett Sports' after-hype downside and upside margins for the prediction period are 73.95 and 79.31, respectively. We have considered Hibbett Sports' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
76.81
76.63
After-hype Price
79.31
Upside
Hibbett Sports is very steady at this time. Analysis and calculation of next after-hype price of Hibbett Sports is based on 3 months time horizon.

Hibbett Sports Stock Price Prediction Analysis

Have you ever been surprised when a price of a Company such as Hibbett Sports is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Hibbett Sports backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Hibbett Sports, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.16 
2.70
  0.21 
  4.90 
6 Events / Month
6 Events / Month
In about 6 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
76.81
76.63
0.23 
204.55  
Notes

Hibbett Sports Hype Timeline

Hibbett Sports is currently traded for 76.81. The entity has historical hype elasticity of -0.21, and average elasticity to hype of competition of -4.9. Hibbett is forecasted to decline in value after the next headline, with the price expected to drop to 76.63. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next news is expected to be -0.23%, whereas the daily expected return is currently at 0.16%. The volatility of related hype on Hibbett Sports is about 8.82%, with the expected price after the next announcement by competition of 71.91. About 97.0% of the company shares are owned by institutional investors. The book value of Hibbett Sports was currently reported as 35.53. The company recorded earning per share (EPS) of 8.17. Hibbett Sports last dividend was issued on the 20th of March 2024. The entity had 3:2 split on the 28th of September 2005. Given the investment horizon of 90 days the next forecasted press release will be in about 6 days.
Check out Hibbett Sports Basic Forecasting Models to cross-verify your projections.
For information on how to trade Hibbett Stock refer to our How to Trade Hibbett Stock guide.

Hibbett Sports Related Hype Analysis

Having access to credible news sources related to Hibbett Sports' direct competition is more important than ever and may enhance your ability to predict Hibbett Sports' future price movements. Getting to know how Hibbett Sports rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Hibbett Sports may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
VRRMVerra Mobility Corp 0.59 10 per month 2.10  0  2.31 (3.70) 8.97 
DEODiageo PLC ADR 1.09 10 per month 0.91 (0.07) 2.30 (1.65) 5.40 
RYAAYRyanair Holdings PLC 0.59 9 per month 1.47  0  2.64 (2.12) 6.99 
STGSunlands Technology Group(0.58)7 per month 3.60  0.06  10.42 (6.78) 24.05 
BUDAnheuser Busch Inbev 0.10 11 per month 0.00 (0.16) 1.90 (2.09) 8.42 
ODFLOld Dominion Freight(218.43)11 per month 1.47 (0.02) 2.68 (2.05) 7.72 
FMXFomento Economico Mexicano 2.42 9 per month 2.57 (0.06) 2.20 (2.04) 14.81 

Hibbett Sports Additional Predictive Modules

Most predictive techniques to examine Hibbett price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Hibbett using various technical indicators. When you analyze Hibbett charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Hibbett Sports Predictive Indicators

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 analysis of 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.
 2014 2020 2023 2024 (projected)
Price Earnings Ratio16.086.6916.2220.08
Short Term Coverage Ratios1.50.7234.84140.42

Story Coverage note for Hibbett Sports

The number of cover stories for Hibbett Sports depends on current market conditions and Hibbett Sports' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Hibbett Sports is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Hibbett Sports' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Hibbett Sports Short Properties

Hibbett Sports' future price predictability will typically decrease when Hibbett Sports' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Hibbett Sports often depends not only on the future outlook of the potential Hibbett Sports' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Hibbett Sports' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding11.8 M
When determining whether Hibbett Sports offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hibbett Sports' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hibbett Sports Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hibbett Sports Stock:
Check out Hibbett Sports Basic Forecasting Models to cross-verify your projections.
For information on how to trade Hibbett Stock refer to our How to Trade Hibbett Stock guide.
Note that the Hibbett Sports information on this page should be used as a complementary analysis to other Hibbett Sports' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Complementary Tools for Hibbett Stock analysis

When running Hibbett Sports' price analysis, check to measure Hibbett Sports' 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 Hibbett Sports is operating at the current time. Most of Hibbett Sports' value examination focuses on studying past and present price action to predict the probability of Hibbett Sports' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hibbett Sports' price. Additionally, you may evaluate how the addition of Hibbett Sports to your portfolios can decrease your overall portfolio volatility.
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Is Hibbett Sports' 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 Hibbett Sports. If investors know Hibbett 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 Hibbett Sports 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
(0.13)
Dividend Share
1
Earnings Share
8.17
Revenue Per Share
139.832
Quarterly Revenue Growth
0.018
The market value of Hibbett Sports is measured differently than its book value, which is the value of Hibbett that is recorded on the company's balance sheet. Investors also form their own opinion of Hibbett Sports' value that differs from its market value or its book value, called intrinsic value, which is Hibbett Sports' 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 Hibbett Sports' market value can be influenced by many factors that don't directly affect Hibbett Sports' 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 Hibbett Sports' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hibbett Sports is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hibbett Sports' 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.