Honest Company Inc (NASDAQ: HNST)’s stock price has soared by 1.07 in relation to previous closing price of 4.20. Nevertheless, the company has seen a gain of 8.85% in its stock price over the last five trading days. youtube.com reported 2024-08-15 that Consumer discretionary inflation seems to be beginning to cool as, according to the July Consumer Price Index report, categories like apparel saw a 0.4% decrease month-over-month, while personal care only saw a 0.2% increase month-over-month. The Honest Company CEO Carla Vernón (HNST) joins Wealth!
Is It Worth Investing in Honest Company Inc (NASDAQ: HNST) Right Now?
The 36-month beta value for HNST is at 1.86. 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.”
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The public float for HNST is 53.22M, and currently, shorts hold a 4.80% of that float. The average trading volume for HNST on August 21, 2024 was 1.34M shares.
HNST’s Market Performance
The stock of Honest Company Inc (HNST) has seen a 8.85% increase in the past week, with a 11.13% rise in the past month, and a 52.15% gain in the past quarter. The volatility ratio for the week is 5.45%, and the volatility levels for the past 30 days are at 7.06% for HNST. The simple moving average for the past 20 days is 13.49% for HNST’s stock, with a 39.70% simple moving average for the past 200 days.
Analysts’ Opinion of HNST
Many brokerage firms have already submitted their reports for HNST stocks, with Northland Capital repeating the rating for HNST by listing it as a “Outperform.” The predicted price for HNST in the upcoming period, according to Northland Capital is $6 based on the research report published on August 06, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see HNST reach a price target of $3. The rating they have provided for HNST stocks is “Buy” according to the report published on June 25th, 2024.
Lake Street gave a rating of “Buy” to HNST, setting the target price at $6 in the report published on April 04th of the current year.
HNST Trading at 29.57% 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 -13.19% of loss for the given period.
Volatility was left at 7.06%, however, over the last 30 days, the volatility rate increased by 5.45%, as shares surge +12.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +66.54% upper at present.
During the last 5 trading sessions, HNST rose by +9.74%, which changed the moving average for the period of 200-days by +275.44% in comparison to the 20-day moving average, which settled at $3.77. In addition, Honest Company Inc saw 28.64% 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 HNST starting from WHITE JAMES D, who sale 70,000 shares at the price of $3.98 back on Aug 13 ’24. After this action, WHITE JAMES D now owns 309,244 shares of Honest Company Inc, valued at $278,600 using the latest closing price.
WHITE JAMES D, the Director of Honest Company Inc, proposed sale 70,000 shares at $3.67 during a trade that took place back on Aug 13 ’24, which means that WHITE JAMES D is holding shares at $256,900 based on the most recent closing price.
Stock Fundamentals for HNST
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.35 for the gross margin
The net margin for Honest Company Inc stands at -0.03. The total capital return value is set at -0.06. Equity return is now at value -9.79, with -6.33 for asset returns.
Based on Honest Company Inc (HNST), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.73. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 232.13.
Currently, EBITDA for the company is -18.59 million with net debt to EBITDA at 1.81. When we switch over and look at the enterprise to sales, we see a ratio of 1.16. The receivables turnover for the company is 8.21for trailing twelve months and the total asset turnover is 1.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.06.
Conclusion
In conclusion, Honest Company Inc (HNST) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
