The Honest Company Inc. [HNST] Revenue clocked in at $300.50 million, down -28.91% YTD: What’s Next?

The Honest Company Inc. [NASDAQ: HNST] plunged by -$1.3 during the normal trading session on Thursday and reaching a high of $16.89 during the day while it closed the day at $16.35. The company report on June 18, 2021 that The Honest Company Announces Participation in the 2021 Jefferies Virtual Consumer Conference.

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The Honest Company (NASDAQ: HNST), a digitally native, mission-driven brand focused on leading the clean lifestyle movement, announced that Chief Executive Officer, Nick Vlahos and Chief Financial Officer, Kelly Kennedy will participate in a fireside chat at the 2021 Jefferies Virtual Consumer Conference on Wednesday, June 23, 2021, at 3:15 p.m. Eastern Standard Time.

The fireside chat presentation will be webcast live at investors.honest.com. An archive of the webcast presentation will be available for 90 days.

The market cap for HNST stock reached $1.53 billion, with 93.77 million shares outstanding and 85.62 million shares in the current float. Compared to the average trading volume of 2.14M shares, HNST reached a trading volume of 4640854 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about The Honest Company Inc. [HNST]:

BofA Securities have made an estimate for The Honest Company Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 17, 2021. The new note on the price target was released on June 17, 2021, representing the official price target for The Honest Company Inc. stock. Previously, the target price had yet another raise to $17, while BofA Securities analysts kept a Neutral rating on HNST stock.

The Average True Range (ATR) for The Honest Company Inc. is set at 1.38, with the Price to Sales ratio for HNST stock in the period of the last 12 months amounting to 5.10.

HNST stock trade performance evaluation

The Honest Company Inc. [HNST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -14.44.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HNST stock in for the last two-week period is set at 38.12, with the RSI for the last a single of trading hit 38.64, and the three-weeks RSI is set at 36.78 for The Honest Company Inc. [HNST], while it was recorded at 17.81 for the last single week of trading.

The Honest Company Inc. [HNST]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Honest Company Inc. [HNST] shares currently have an operating margin of -4.51 and a Gross Margin at +35.04. The Honest Company Inc.’s Net Margin is presently recorded at -4.81.

Return on Total Capital for HNST is now -7.45, given the latest momentum, and Return on Invested Capital for the company is -7.96. Return on Equity for this stock declined to -10.13, with Return on Assets sitting at -6.09. When it comes to the capital structure of this company, The Honest Company Inc. [HNST] has a Total Debt to Total Equity ratio set at 27.53. Additionally, HNST Total Debt to Total Capital is recorded at 21.59, with Total Debt to Total Assets ending up at 15.96.

Reflecting on the efficiency of the workforce at the company, The Honest Company Inc. [HNST] managed to generate an average of -$75,738 per employee. Receivables Turnover for the company is 12.77 with a Total Asset Turnover recorded at a value of 1.27.

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