Hims & Hers Health Inc (NYSE: HIMS)’s stock price has plunge by -1.61relation to previous closing price of 22.39. Nevertheless, the company has seen a -9.60% plunge in its stock price over the last five trading sessions. 247wallst.com reported 2024-06-20 that Summer has officially begun, but some stocks are receiving a chilly reception today.
Is It Worth Investing in Hims & Hers Health Inc (NYSE: HIMS) Right Now?
Additionally, the 36-month beta value for HIMS is 1.09. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HIMS is 150.84M and currently, short sellers hold a 14.03% ratio of that float. The average trading volume of HIMS on June 21, 2024 was 9.27M shares.
HIMS’s Market Performance
HIMS’s stock has seen a -9.60% decrease for the week, with a 25.46% rise in the past month and a 31.68% gain in the past quarter. The volatility ratio for the week is 8.17%, and the volatility levels for the past 30 days are at 7.39% for Hims & Hers Health Inc The simple moving average for the past 20 days is 5.01% for HIMS’s stock, with a 100.86% simple moving average for the past 200 days.
Analysts’ Opinion of HIMS
Many brokerage firms have already submitted their reports for HIMS stocks, with Citigroup repeating the rating for HIMS by listing it as a “Neutral.” The predicted price for HIMS in the upcoming period, according to Citigroup is $20 based on the research report published on May 22, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see HIMS reach a price target of $15, previously predicting the price at $17. The rating they have provided for HIMS stocks is “Hold” according to the report published on April 16th, 2024.
Canaccord Genuity gave a rating of “Buy” to HIMS, setting the target price at $20 in the report published on April 10th of the current year.
HIMS Trading at 35.28% from the 50-Day Moving Average
After a stumble in the market that brought HIMS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.41% of loss for the given period.
Volatility was left at 7.39%, however, over the last 30 days, the volatility rate increased by 8.17%, as shares surge +34.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.62% upper at present.
During the last 5 trading sessions, HIMS fell by -10.67%, which changed the moving average for the period of 200-days by +215.97% in comparison to the 20-day moving average, which settled at $21.26. In addition, Hims & Hers Health Inc saw 147.53% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HIMS starting from Chi Michael, who sale 25,549 shares at the price of $23.59 back on Jun 18 ’24. After this action, Chi Michael now owns 185,326 shares of Hims & Hers Health Inc, valued at $602,701 using the latest closing price.
Becklund Irene, the PAO of Hims & Hers Health Inc, sale 13,241 shares at $23.59 during a trade that took place back on Jun 18 ’24, which means that Becklund Irene is holding 2,913 shares at $312,355 based on the most recent closing price.
Stock Fundamentals for HIMS
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.82 for the gross margin
The net margin for Hims & Hers Health Inc stands at -0.0. The total capital return value is set at -0.05. Equity return is now at value -0.72, with -0.57 for asset returns.
Based on Hims & Hers Health Inc (HIMS), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 7.76. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -10.5.
Currently, EBITDA for the company is -23.95 million with net debt to EBITDA at 15.04. When we switch over and look at the enterprise to sales, we see a ratio of 4.63. The receivables turnover for the company is 149.79for trailing twelve months and the total asset turnover is 2.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.80.
Conclusion
In conclusion, Hims & Hers Health Inc (HIMS) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
