The stock price of Honest Company Inc (NASDAQ: HNST) has jumped by 6.31 compared to previous close of 6.50. Despite this, the company has seen a gain of 57.40% in its stock price over the last five trading days. zacks.com reported 2024-11-15 that Here is how Honest (HNST) and Norwegian Cruise Line (NCLH) have performed compared to their sector so far this year.
Is It Worth Investing in Honest Company Inc (NASDAQ: HNST) Right Now?
The 36-month beta value for HNST is at 2.09. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for HNST is 66.27M, and currently, shorts hold a 3.01% of that float. The average trading volume for HNST on November 18, 2024 was 2.04M shares.
HNST’s Market Performance
HNST stock saw an increase of 57.40% in the past week, with a monthly gain of 82.80% and a quarterly increase of 66.11%. The volatility ratio for the week is 11.88%, and the volatility levels for the last 30 days are 6.28% for Honest Company Inc (HNST). The simple moving average for the past 20 days is 58.83% for HNST’s stock, with a 95.46% simple moving average for the past 200 days.
Analysts’ Opinion of HNST
Many brokerage firms have already submitted their reports for HNST stocks, with Telsey Advisory Group repeating the rating for HNST by listing it as a “Market Perform.” The predicted price for HNST in the upcoming period, according to Telsey Advisory Group is $6 based on the research report published on November 13, 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 $8, previously predicting the price at $5.75. The rating they have provided for HNST stocks is “Buy” according to the report published on November 13th, 2024.
B. Riley Securities gave a rating of “Buy” to HNST, setting the target price at $6.50 in the report published on September 10th of the current year.
HNST Trading at 74.32% 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 able to rebound, for now settling with 2.07% of gains for the given period.
Volatility was left at 6.28%, however, over the last 30 days, the volatility rate increased by 11.88%, as shares surge +82.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +71.89% upper at present.
During the last 5 trading sessions, HNST rose by +57.40%, which changed the moving average for the period of 200-days by +135.84% in comparison to the 20-day moving average, which settled at $4.35. In addition, Honest Company Inc saw 109.39% 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 Jonathan Mayle, who proposed sale 21,000 shares at the price of $6.50 back on Nov 15 ’24. After this action, Jonathan Mayle now owns shares of Honest Company Inc, valued at $136,500 using the latest closing price.
THC Shared Abacus, LP, the 10% Owner of Honest Company Inc, sale 2,300,000 shares at $3.50 during a trade that took place back on Sep 18 ’24, which means that THC Shared Abacus, LP is holding 9,869,803 shares at $8,050,000 based on the most recent closing price.
Stock Fundamentals for HNST
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.37 for the gross margin
The net margin for Honest Company Inc stands at -0.01. The total capital return value is set at -0.02. Equity return is now at value -3.29, with -2.06 for asset returns.
Based on Honest Company Inc (HNST), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 1.84. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -17.69.
Currently, EBITDA for the company is -36.15 million with net debt to EBITDA at 18.61. When we switch over and look at the enterprise to sales, we see a ratio of 1.79. The receivables turnover for the company is 10.19for trailing twelve months and the total asset turnover is 1.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.89.
Conclusion
In conclusion, Honest Company Inc (HNST) has had a better performance lately. Opinion on the stock among analysts is bullish, 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.
