Company’s 36-month beta value is 1.87.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for HNST is 63.50M, and currently, short sellers hold a 3.56% ratio of that floaft. The average trading volume of HNST on October 23, 2024 was 1.54M shares.
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HNST) stock’s latest price update
The stock price of Honest Company Inc (NASDAQ: HNST) has dropped by -0.80 compared to previous close of 3.73. Despite this, the company has seen a fall of -5.37% in its stock price over the last five trading days. fool.com reported 2024-10-21 that Investing in small-cap stocks can be very rewarding, but it’s risky.
HNST’s Market Performance
Honest Company Inc (HNST) has experienced a -5.37% fall in stock performance for the past week, with a 1.09% rise in the past month, and a -2.37% drop in the past quarter. The volatility ratio for the week is 4.11%, and the volatility levels for the past 30 days are at 4.81% for HNST. The simple moving average for the past 20 days is 2.11% for HNST’s stock, with a 8.98% simple moving average for the past 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 -5.33% 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 -24.34% of loss for the given period.
Volatility was left at 4.81%, however, over the last 30 days, the volatility rate increased by 4.11%, as shares surge +2.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.82% upper at present.
During the last 5 trading sessions, HNST fell by -5.37%, which changed the moving average for the period of 200-days by +28.92% in comparison to the 20-day moving average, which settled at $3.62. In addition, Honest Company Inc saw 12.12% 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 THC Shared Abacus, LP, who sale 2,300,000 shares at the price of $3.50 back on Sep 18 ’24. After this action, THC Shared Abacus, LP now owns 9,869,803 shares of Honest Company Inc, valued at $8,050,000 using the latest closing price.
Winchell Stephen, the EVP, Operations and R&D of Honest Company Inc, sale 6,938 shares at $4.28 during a trade that took place back on Aug 21 ’24, which means that Winchell Stephen is holding 414,736 shares at $29,695 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 1.01. 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 a nutshell, Honest Company Inc (HNST) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
