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Hasbro (HAS, $87.90) misses Q1 earnings expectations
Hasbro reported first quarter earnings that fell short of analysts’ expectations. However, the toymaker was optimistic about higher toy prices and strong demand to boost earnings by year-end.
The company’s adjusted earnings for the three months ending in March fell -43% from the year-ago quarter to 57 cents per share, below the Street consensus forecast of 61 cents.
Revenues increased +4% to $1.16 billion, exceeding analysts' estimates of a $1.51 billion.
Looking ahead, Hasbro confirmed its guidance of 'low single-digit' revenue growth for the full-year, notwithstanding U.S. dollar strength and an estimated $100 million impact from Russia's war on Ukraine. It expects operating cash flow in the range of $700 million to $800 million.
HAS's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for HAS turned positive on May 13, 2022. Looking at past instances where HAS's MACD turned positive, the stock continued to rise in 33 of 48 cases over the following month. The odds of a continued upward trend are 69%.
Current price $91.20 crossed the resistance line at $90.54 and is trading between $93.69 resistance and $90.54 resistance lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a +10% Uptrend. During the week of 05/09/22 - 05/16/22, the stock enjoyed a +3% Uptrend growth.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 34 of 54 cases where HAS'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 63%.
The Momentum Indicator moved above the 0 level on May 13, 2022. You may want to consider a long position or call options on HAS as a result. In 56 of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 64%.
HAS moved above its 50-day Moving Average on April 27, 2022 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for HAS crossed bullishly above the 50-day moving average on May 02, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 53%.
Following a +5.15% 3-day Advance, the price is estimated to grow further. Considering data from situations where HAS advanced for three days, in 218 of 354 cases, the price rose further within the following month. The odds of a continued upward trend are 62%.
The Aroon Indicator entered an Uptrend today. In 141 of 242 cases where HAS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 58%.
The 10-day RSI Indicator for HAS moved out of overbought territory on May 05, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In 19 of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at 63%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HAS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 52%.
HAS broke above its upper Bollinger Band on May 04, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 70%. During the last month, the daily ratio of advancing to declining volumes was 1.18 to 1.
The Tickeron PE Growth Rating for this company is 22 (best 1 - 100 worst), pointing to outstanding 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 34 (best 1 - 100 worst) indicates that the company is fair valued 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: P/B Ratio (4.216) is normal, around the industry mean (124.960). P/E Ratio (34.130) is within average values for comparable stocks, (27.613). Projected Growth (PEG Ratio) (2.542) is also within normal values, averaging (1.861). Dividend Yield (0.030) settles around the average of (0.020) among similar stocks. P/S Ratio (1.976) is also within normal values, averaging (11.402).
The Tickeron SMR rating for this company is 40 (best 1 - 100 worst), indicating 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 Price Growth Rating for this company is 44 (best 1 - 100 worst), indicating steady price growth. HAS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 92 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. HAS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.
The Leisure and Recreation Products industry includes companies offering recreational goods/services such as video games, swimming pools, golf courses, boats, outdoor spaces etc. Since these are mainly geared towards consumers, strong employment conditions and healthy incomes generally augur well for the recreational products industry. Some of the largest market caps in this space belong to video game developers (e.g. Activision Blizzard, Electronic Arts and Take-two Interactive), and toy /board game makers (like Hasbro).
The average market capitalization across the Recreational Products Industry is 4B. The market cap for tickers in the group ranges from 15.1K to 43.8B. OLCLF holds the highest valuation in this group at 43.8B. The lowest valued company is SPQS at 15.1K.
The average weekly price growth across all stocks in the Recreational Products Industry was 0.99%. For the same Industry, the average monthly price growth was -6.1%, and the average quarterly price growth was -15.81%. DS experienced the highest price growth at 26.89%, while SLBG experienced the biggest fall at -27.92%.
- 5/12/22 5:38 AM: Hasbro (HAS, $87.59) was a top loser this week, declining -6.97%. Expect a Downtrend reversal
- 5/4/22 8:26 AM: Hasbro (HAS, $92.17) was a top weekly gainer, with a +5.24% jump
- 4/20/22 8:58 AM: Hasbro (HAS, $87.84) was a top weekly gainer, with a +6.14% jump
The average weekly volume growth across all stocks in the Recreational Products Industry was -51.04%. For the same stocks of the Industry, the average monthly volume growth was 111.79% and the average quarterly volume growth was 85.25%
- 2/18/22 6:26 AM: The volume for Hasbro stock increased for one day, resulting in a record-breaking daily growth of 265% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MACD Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 43%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.19.
35 stocks in the group of tickers confirmed the negative outlook based on the Aroon indicator with average odds of 75%.
The most notable companies in this group are Harley-Davidson (NYSE:HOG), Peloton Interactive (NASDAQ:PTON), YETI Holdings (NYSE:YETI), MasterCraft Boat Holdings (NASDAQ:MCFT).
The average market capitalization across the group is 3B. The market cap for tickers in the group ranges from 10.9M to 29.4B. ANPDY holds the highest valuation in this group at 29.4B. The lowest valued company is LMSBF at 10.9M.
The average weekly price growth across all stocks in the group was 0.48%. For the same group, the average monthly price growth was -9.51%, and the average quarterly price growth was -24.28%. DS experienced the highest price growth at 40.71%, while LMSBF experienced the biggest fall at -19.53%.
- 5/14/22 4:23 AM: PLBY Group (PLBY, $8.94) was a top weekly gainer, with a +5.05% jump
- 5/14/22 4:23 AM: Callaway Golf (ELY, $21.65) was a top weekly gainer, with a +6.97% jump
- 5/14/22 4:23 AM: Vinco Ventures (BBIG, $2.6) is a top weekly loser for penny stocks, falling -20.97%
The average weekly volume growth across all stocks in the group was -9.8%. For the same stocks of the group, the average monthly volume growth was 75.6% and the average quarterly volume growth was 33.47%
- 5/14/22 4:16 AM: The volume for Drive Shack stock increased for four consecutive days, resulting in a record-breaking daily growth of 123% of the 65-Day Volume Moving Average
- 5/12/22 5:33 AM: The volume for Nautilus stock increased for one day, resulting in a record-breaking daily growth of 261% of the 65-Day Volume Moving Average
- 5/7/22 5:22 AM: The volume for Clarus stock increased for one day, resulting in a record-breaking daily growth of 277% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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