H&R Block (HRB) was a top loser this month, diving -10.91% to $35.04 per share. This decline was significant for the company, as it saw its 50-day moving average cross bearishly below its 200-day moving average on February 16, 2023. This could indicate a long-term bearish signal for the stock as it shifts to a downward trend.
Of the 65 stocks analyzed in the Other Consumer Services Industry throughout this month, 13 of them (19.23%) exhibited an uptrend while 52 of them (80.77%) were in a downtrend. H&R Block was one of the 52 companies that experienced a downtrend. This indicates that the company was facing headwinds even within its industry.
The decline in H&R Block's stock price can be attributed to a variety of factors. The most notable of these factors is likely the company's recent financial performance. H&R Block reported disappointing results for its fiscal Q3 2023 earnings, which ended on January 31, 2023. The company's revenue for the quarter was $1.95 billion, which fell short of analysts' estimates. In addition, the company's earnings per share of $0.85 missed estimates by $0.09.
Another possible factor contributing to the decline in H&R Block's stock price is increased competition in the tax preparation industry. H&R Block faces stiff competition from other companies such as Intuit, which offers a popular tax preparation software called TurboTax. This competition has likely put pressure on H&R Block's revenue growth and profitability.
HRB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 33 cases where HRB's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where HRB's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where HRB's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for HRB just turned positive on May 30, 2023. Looking at past instances where HRB's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HRB advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved below the 0 level on April 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on HRB as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HRB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for HRB entered a downward trend on May 30, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: HRB's P/B Ratio (31.056) is slightly higher than the industry average of (10.290). P/E Ratio (10.204) is within average values for comparable stocks, (59.380). Projected Growth (PEG Ratio) (0.575) is also within normal values, averaging (1.133). Dividend Yield (0.038) settles around the average of (0.036) among similar stocks. P/S Ratio (1.381) is also within normal values, averaging (28.622).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. HRB’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of tax, mortgage and financial services
A.I.dvisor indicates that over the last year, HRB has been loosely correlated with EXPE. These tickers have moved in lockstep 37% of the time. This A.I.-generated data suggests there is some statistical probability that if HRB jumps, then EXPE could also see price increases.
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