Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Haynes International, Inc. before investing.

In this article, we go over a few key elements for understanding Haynes International, Inc.’s stock price such as:

• Haynes International, Inc.’s current stock price and volume
• Why Haynes International, Inc.’s stock price changed recently
• Upgrades and downgrades for HAYN from analysts
• HAYN’s stock price momentum as measured by its relative strength

About Haynes International, Inc. (HAYN)

Before we jump into Haynes International, Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Haynes International, Inc. develops, manufactures, markets, and distributes technologically advanced nickel and cobalt-based alloys primarily for use in the aerospace, industrial gas turbine and chemical processing industries. Its products consist of high-temperature resistant alloys (HTA) products, and corrosion-resistant alloys (CRA) products. HTA products are used by manufacturers of equipment that is subjected to high temperatures, such as jet engines, gas turbine engines, and industrial heating and heat treatment equipment. CRA products are used in applications that require resistance to corrosive media found in chemical processing, power plant emissions control and hazardous waste treatment. The Company produces its high-performance alloys primarily in sheet, coil, and plate forms. In addition, the Company produces its products as seamless and welded tubulars, and in slab, bar, billets, and wire forms. It has manufacturing facilities in Indiana, Louisiana, and North Carolina.

Want to learn more about Haynes International, Inc.’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Haynes International, Inc..

Haynes International, Inc.’s Stock Price as of Market Close

As of November 20, 2023, 4:00 PM, CST, Haynes International, Inc.’s stock price was $48.63.

Haynes International, Inc. is down 5.15% from its previous closing price of $51.27.

During the last market session, Haynes International, Inc.’s stock traded between $50.00 and $52.53. Currently, there are 12.61 million shares of Haynes International, Inc. stock available for purchase.

Haynes International, Inc.’s price-earnings (P/E) ratio is currently at 14.4, which is high compared to the Metals & Mining - Iron & Steel industry median of 11.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Haynes International, Inc. Stock Price History

Haynes International, Inc.’s (HAYN) price is currently up 13.03% so far this month.

During the month of November, Haynes International, Inc.’s stock price has reached a high of $52.53 and a low of $42.83.

Over the last year, Haynes International, Inc. has hit prices as high as $60.85 and as low as $41.15. Year to date, Haynes International, Inc.’s stock is up 20.58%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Haynes International, Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 17, 2023, there were 2 analysts who downgraded Haynes International, Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Haynes International, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Haynes International, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Haynes International, Inc.’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Haynes International, Inc. (HAYN) by visiting AAII Stock Evaluator.

Relative Price Strength of Haynes International, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 17, 2023, Haynes International, Inc. has a weighted four-quarter relative price strength of -2.23%, which translates to a Momentum Score of 61 and is considered to be Strong.

Want to learn more about how Haynes International, Inc. is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Haynes International, Inc. Stock Price: Bottom Line

As of November 20, 2023, Haynes International, Inc.’s stock price is $48.63, which is down 5.15% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Haynes International, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.