The Honest Company Inc. Common Stock (NASDAQ:HNST) went up by 6.63% from its latest closing price compared to the recent 1-year high of $23.88. The company’s stock price has collected 3.50% of gains in the last five trading sessions. The Wall Street Journal reported on 09/09/21 that Keep an Eye on Wall Street’s Clean Medicine Experiment
Is It Worth Investing in The Honest Company Inc. Common Stock (NASDAQ :HNST) Right Now?
Opinions of the stock are interesting as 7 analysts out of 9 who provided ratings for The Honest Company Inc. Common Stock declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $14.06, which is $3.12 above the current price. HNST currently public float of 53.66M and currently shorts hold a 11.52% ratio of that float. Today, the average trading volume of HNST was 1.50M shares.
HNST’s Market Performance
HNST stocks went up by 3.50% for the week, with a monthly drop of -22.14% and a quarterly performance of -40.51%. The volatility ratio for the week stands at 4.31% while the volatility levels for the past 30 days are set at 5.78% for The Honest Company Inc. Common Stock. The simple moving average for the period of the last 20 days is 8.83% for HNST stocks with a simple moving average of -24.30% for the last 200 days.
Analysts’ Opinion of HNST
Many brokerage firms have already submitted their reports for HNST stocks, with Guggenheim repeating the rating for HNST by listing it as a “Buy.” The predicted price for HNST in the upcoming period, according to Guggenheim is $14 based on the research report published on August 16th of the current year 2021.
Morgan Stanley, on the other hand, stated in their research note that they expect to see HNST reach a price target of $11, previously predicting the price at $17.50. The rating they have provided for HNST stocks is “Equal-Weight” according to the report published on August 16th, 2021.
Loop Capital gave a rating of “Buy” to HNST, setting the target price at $17 in the report published on July 16th of the current year.
HNST Trading at -13.40% from the 50-Day Moving Average
After a stumble in the market that brought HNST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.19% of loss for the given period.
Volatility was left at 5.78%, however, over the last 30 days, the volatility rate increased by 4.31%, as shares surge +8.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.72% lower at present.
During the last 5 trading sessions, HNST rose by +3.50%, in comparison to the 20-day moving average, which settled at $10.10. In addition, The Honest Company Inc. Common Stock saw -52.43% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for HNST
Current profitability levels for the company are sitting at:
- -4.51 for the present operating margin
- +35.04 for the gross margin
The net margin for The Honest Company Inc. Common Stock stands at -4.81. The total capital return value is set at -7.45, while invested capital returns managed to touch -7.96.
Based on The Honest Company Inc. Common Stock (HNST), the company’s capital structure generated 27.53 points at debt to equity in total, while total debt to capital is 21.59.
The receivables turnover for the company is 12.77 and the total asset turnover is 1.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.18.