The 36-month beta value for HNST is at 1.88. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HNST is 63.11M, and currently, shorts hold a 1.84% of that float. The average trading volume for HNST on May 09, 2024 was 1.12M shares.
HNST) stock’s latest price update
Honest Company Inc (NASDAQ: HNST)’s stock price has plunge by 6.12relation to previous closing price of 2.78. Nevertheless, the company has seen a -1.01% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that Honest (HNST) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.19 per share a year ago.
HNST’s Market Performance
Honest Company Inc (HNST) has seen a -1.01% fall in stock performance for the week, with a -20.70% decline in the past month and a -11.94% plunge in the past quarter. The volatility ratio for the week is 5.95%, and the volatility levels for the past 30 days are at 6.07% for HNST. The simple moving average for the past 20 days is -4.22% for HNST’s stock, with a 23.58% simple moving average for the past 200 days.
Analysts’ Opinion of HNST
Many brokerage firms have already submitted their reports for HNST stocks, with Lake Street repeating the rating for HNST by listing it as a “Buy.” The predicted price for HNST in the upcoming period, according to Lake Street is $6 based on the research report published on April 04, 2024 of the current year 2024.
Alliance Global Partners, on the other hand, stated in their research note that they expect to see HNST reach a price target of $5.75. The rating they have provided for HNST stocks is “Buy” according to the report published on February 06th, 2024.
Telsey Advisory Group gave a rating of “Market Perform” to HNST, setting the target price at $2 in the report published on March 17th of the previous year.
HNST Trading at -17.21% 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 -39.67% of loss for the given period.
Volatility was left at 6.07%, however, over the last 30 days, the volatility rate increased by 5.95%, as shares sank -14.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.90% lower at present.
During the last 5 trading sessions, HNST fell by -1.01%, which changed the moving average for the period of 200-days by +92.81% in comparison to the 20-day moving average, which settled at $3.06. In addition, Honest Company Inc saw -10.61% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HNST starting from Warren Jessica, who sale 253,815 shares at the price of $2.99 back on Apr 19 ’24. After this action, Warren Jessica now owns 1,109,489 shares of Honest Company Inc, valued at $758,095 using the latest closing price.
Warren Jessica, the Chief Creative Officer of Honest Company Inc, sale 265,820 shares at $3.06 during a trade that took place back on Apr 18 ’24, which means that Warren Jessica is holding 1,363,304 shares at $812,266 based on the most recent closing price.
Stock Fundamentals for HNST
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.29 for the gross margin
The net margin for Honest Company Inc stands at -0.11. The total capital return value is set at -0.25. Equity return is now at value -29.12, with -17.75 for asset returns.
Based on Honest Company Inc (HNST), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.65. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is -136.73.
Currently, EBITDA for the company is -18.59 million with net debt to EBITDA at 0.09. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 7.99for trailing twelve months and the total asset turnover is 1.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.78.
Conclusion
In conclusion, Honest Company Inc (HNST) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
