How to buy Hanger stock - 08 March

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How to buy Hanger stock

Own Hanger stock in just a few minutes.

Fact checked

Hanger, Inc is a medical care facilities business based in the US. Hanger shares (HNGR) are listed on the NYSE and all prices are listed in US Dollars. Hanger employs 4,800 staff and has a trailing 12-month revenue of around USD$1 billion.

How to buy shares in Hanger

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Hanger. Find the stock by name or ticker symbol: HNGR. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Hanger reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Hanger, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Hanger. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Hanger share price

Use our graph to track the performance of HNGR stocks over time.

Hanger shares at a glance

Information last updated 2021-03-03.
52-week rangeUSD$11.31 - USD$25
50-day moving average USD$22.3479
200-day moving average USD$20.5871
Wall St. target priceUSD$24
PE ratio 23.8485
Dividend yield N/A (0%)
Earnings per share (TTM) USD$0.99

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Hanger stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Hanger under- or over-valued?

Valuing Hanger stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Hanger's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Hanger's P/E ratio

Hanger's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 24x. In other words, Hanger shares trade at around 24x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Hanger's PEG ratio

Hanger's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.71. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Hanger's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Hanger's EBITDA

Hanger's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$106.1 million.

The EBITDA is a measure of a Hanger's overall financial performance and is widely used to measure a its profitability.

Hanger financials

Revenue TTM USD$1 billion
Operating margin TTM 7.12%
Gross profit TTM USD$333.9 million
Return on assets TTM 4.97%
Return on equity TTM 126.29%
Profit margin 3.82%
Book value $1.335
Market capitalisation USD$899.8 million

TTM: trailing 12 months

Shorting Hanger shares

There are currently 830,155 Hanger shares held short by investors – that's known as Hanger's "short interest". This figure is 12.6% up from 737,362 last month.

There are a few different ways that this level of interest in shorting Hanger shares can be evaluated.

Hanger's "short interest ratio" (SIR)

Hanger's "short interest ratio" (SIR) is the quantity of Hanger shares currently shorted divided by the average quantity of Hanger shares traded daily (recently around 124461.01949025). Hanger's SIR currently stands at 6.67. In other words for every 100,000 Hanger shares traded daily on the market, roughly 6670 shares are currently held short.

However Hanger's short interest can also be evaluated against the total number of Hanger shares, or, against the total number of tradable Hanger shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Hanger's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Hanger shares in existence, roughly 20 shares are currently held short) or 0.0367% of the tradable shares (for every 100,000 tradable Hanger shares, roughly 37 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Hanger.

Find out more about how you can short Hanger stock.

Hanger share dividends

We're not expecting Hanger to pay a dividend over the next 12 months.

Have Hanger's shares ever split?

Hanger's shares were split on a 1:4 basis on 2 January 1991. So if you had owned 4 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Hanger shares – just the quantity. However, indirectly, the new 300% higher share price could have impacted the market appetite for Hanger shares which in turn could have impacted Hanger's share price.

Hanger share price volatility

Over the last 12 months, Hanger's shares have ranged in value from as little as $11.31 up to $25. A popular way to gauge a stock's volatility is its "beta".

HNGR.US volatility(beta: 2.39)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Hanger's is 2.389. This would suggest that Hanger's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Hanger overview

Hanger, Inc. provides orthotic and prosthetic (O&P) services; and distributes O&P devices and components, manages O&P networks, and provides therapeutic solutions to patients and businesses in acute, post-acute, and clinic settings in the United States. It operates through two segments, Patient Care and Products & Services. The Patient Care segment owns and operates Hanger clinic, which specializes in the design, fabrication, and delivery of custom O&P devices through patient care clinics and satellite locations; and provides payor network contracting services to other O&P providers. The Products & Services segment procures and distributes O&P parts, componentry, and devices to independent O&P providers; and develops specialized rehabilitation technologies and provides evidence-based clinical programs for post-acute rehabilitation to patients at approximately 4,000 skilled nursing and post-acute providers. This segment also manufactures and sells therapeutic footwear for diabetic patients in the podiatric market. As of December 31, 2019, the company operated approximately 701 patient care clinics, and 111 satellite locations in 46 states and the District of Columbia. The company was formerly known as Hanger Orthopedic Group, Inc. and changed its name to Hanger, Inc. in June 2012. Hanger, Inc. was founded in 1861 and is headquartered in Austin, Texas.

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