H&R Block (HRB, $35.04) was the month's biggest loser, descending -10.91%
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 sees MACD Histogram crosses below signal line
HRB saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 02, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 49 instances where the indicator turned negative. In of the 49 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on April 03, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on HRB as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
HRB moved below its 50-day moving average on April 09, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for HRB crossed bearishly below the 50-day moving average on April 10, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HRB advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 279 cases where HRB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 (189.036) is very high in comparison to the industry average of (12.408). P/E Ratio (13.394) is within average values for comparable stocks, (63.349). Projected Growth (PEG Ratio) (0.822) is also within normal values, averaging (1.802). Dividend Yield (0.026) settles around the average of (0.315) among similar stocks. P/S Ratio (2.088) is also within normal values, averaging (26.854).
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.
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Fundamental Analysis Ratings
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General Information
a provider of tax, mortgage and financial services
Industry OtherConsumerServices