Hasbro stock saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 69 to 86.
IBD's unique rating measures share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating of over 80 in the early stages of their moves.
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Is Hasbro Stock A Buy?
Hasbro is working on the right side of cup without handle base with a 73.58 buy point. See if the stock can clear the breakout price in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The toymaker and entertainment company reported Q1' 2024 results on Wednesday, beating analysts' earnings and revenue estimates amid cost cutting measures and streamlining operating costs. Earnings growth rose in the company's most recent report from -71% to 6,000%, but the top line fell from -23% to -24%.
Hasbro stock holds the No. 1 rank among its peers in the Leisure-Toys/Games/Hobby industry group. Mattel and JAKKS Pacific are also among the group's highest-rated stocks.
