Honest Company Inc (NASDAQ: HNST)’s stock price has plunge by 0.29relation to previous closing price of 6.90. Nevertheless, the company has seen a 3.59% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-03 that OTTAWA, Ontario, Dec. 03, 2024 (GLOBE NEWSWIRE) — The Honest Talk is thrilled to announce a significant milestone in its journey to create Canada’s largest community for women. Air Canada has joined as a platinum partner, marking a momentous step forward in The Honest Talk’s mission to tell the stories and share the experiences of women across the country.
Is It Worth Investing in Honest Company Inc (NASDAQ: HNST) Right Now?
Company’s 36-month beta value is 2.45.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for HNST is 72.97M, and currently, short sellers hold a 3.54% ratio of that floaft. The average trading volume of HNST on December 31, 2024 was 3.28M shares.
HNST’s Market Performance
HNST stock saw a decrease of 3.59% in the past week, with a monthly decline of -16.53% and a quarterly a decrease of 94.93%. The volatility ratio for the week is 5.22%, and the volatility levels for the last 30 days are 6.48% for Honest Company Inc (HNST). The simple moving average for the past 20 days is -4.79% for HNST’s stock, with a 67.51% simple moving average for the past 200 days.
Analysts’ Opinion of HNST
Many brokerage firms have already submitted their reports for HNST stocks, with Loop Capital repeating the rating for HNST by listing it as a “Hold.” The predicted price for HNST in the upcoming period, according to Loop Capital is $7 based on the research report published on December 17, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see HNST reach a price target of $6, previously predicting the price at $4. The rating they have provided for HNST stocks is “Market Perform” according to the report published on November 13th, 2024.
Alliance Global Partners gave a rating of “Buy” to HNST, setting the target price at $8 in the report published on November 13th of the current year.
HNST Trading at 11.03% 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 -22.85% of loss for the given period.
Volatility was left at 6.48%, however, over the last 30 days, the volatility rate increased by 5.22%, as shares sank -15.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +85.49% upper at present.
During the last 5 trading sessions, HNST rose by +5.24%, which changed the moving average for the period of 200-days by +63.49% in comparison to the 20-day moving average, which settled at $7.27. In addition, Honest Company Inc saw 109.70% 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 Warren Jessica, who sale 465,000 shares at the price of $7.55 back on Dec 10 ’24. After this action, Warren Jessica now owns 1,170,058 shares of Honest Company Inc, valued at $3,510,750 using the latest closing price.
Jessica Warren, the Director of Honest Company Inc, proposed sale 465,000 shares at $7.55 during a trade that took place back on Dec 10 ’24, which means that Jessica Warren is holding shares at $3,510,750 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.
Currently, EBITDA for the company is -36.15 million with net debt to EBITDA at 14.49. When we switch over and look at the enterprise to sales, we see a ratio of 1.81. 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 a nutshell, Honest Company Inc (HNST) has experienced a better 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.
