The 36-month beta value for HNST is at 1.91. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for HNST is 63.09M, and currently, shorts hold a 3.86% of that float. The average trading volume for HNST on September 19, 2024 was 1.51M shares.
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HNST) stock’s latest price update
Honest Company Inc (NASDAQ: HNST)’s stock price has decreased by -0.78 compared to its previous closing price of 3.84. However, the company has seen a -4.51% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-08-08 that Honest (HNST) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.14 per share a year ago.
HNST’s Market Performance
HNST’s stock has fallen by -4.51% in the past week, with a monthly drop of -8.41% and a quarterly rise of 51.19%. The volatility ratio for the week is 4.92% while the volatility levels for the last 30 days are 5.27% for Honest Company Inc The simple moving average for the last 20 days is -9.18% for HNST stock, with a simple moving average of 15.77% for the last 200 days.
Analysts’ Opinion of HNST
Many brokerage firms have already submitted their reports for HNST stocks, with B. Riley Securities repeating the rating for HNST by listing it as a “Buy.” The predicted price for HNST in the upcoming period, according to B. Riley Securities is $6.50 based on the research report published on September 10, 2024 of the current year 2024.
Northland Capital, on the other hand, stated in their research note that they expect to see HNST reach a price target of $6. The rating they have provided for HNST stocks is “Outperform” according to the report published on August 06th, 2024.
Loop Capital gave a rating of “Buy” to HNST, setting the target price at $3 in the report published on June 25th of the current year.
HNST Trading at -1.05% 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 -22.09% of loss for the given period.
Volatility was left at 5.27%, however, over the last 30 days, the volatility rate increased by 4.92%, as shares sank -9.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.00% upper at present.
During the last 5 trading sessions, HNST fell by -4.51%, which changed the moving average for the period of 200-days by +59.41% in comparison to the 20-day moving average, which settled at $4.18. In addition, Honest Company Inc saw 15.45% 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 Winchell Stephen, who sale 6,938 shares at the price of $4.28 back on Aug 21 ’24. After this action, Winchell Stephen now owns 414,736 shares of Honest Company Inc, valued at $29,695 using the latest closing price.
Loretta David, the Chief Financial Officer of Honest Company Inc, sale 75,656 shares at $4.28 during a trade that took place back on Aug 21 ’24, which means that Loretta David is holding 987,757 shares at $323,808 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 1.04. 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 mixed performance lately. Opinion on the stock among analysts is bullish, 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.
