Honest Company Inc [NASDAQ: HNST] traded at a low on Wednesday, posting a 0.00 loss after which it closed the day’ session at $3.91.
The results of the trading session contributed to over 2883390 shares changing hands. Over the past one week, the price volatility of Honest Company Inc stands at 7.22% while the volatility over the past one month is 4.97%.
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The market cap for HNST stock reached $391.31 million, with 95.87 million shares outstanding and 63.50 million shares in the current float. Compared to the average trading volume of 1.54M shares, HNST reached a trading volume of 2883390 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Honest Company Inc [HNST]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HNST shares is $5.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HNST stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
B. Riley Securities have made an estimate for Honest Company Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 10, 2024. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on August 06, 2024, representing the official price target for Honest Company Inc stock. Previously, the target price had yet another raise to $3, while Loop Capital analysts kept a Buy rating on HNST stock.
The Average True Range (ATR) for Honest Company Inc is set at 0.20, with the Price to Sales ratio for HNST stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 3.02, with the Price to Cash per share for the same quarter was set at 0.37. Price to Free Cash Flow for HNST in the course of the last twelve months was 21.58 with Quick ratio for the last quarter at 1.67.
How has HNST stock performed recently?
Honest Company Inc [HNST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 16.37. With this latest performance, HNST shares gained by 1.82% in over the last four-week period, additionally plugging by 25.72% over the last 6 months – not to mention a rise of 234.19% in the past year of trading.
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 58.88, with the RSI for the last a single of trading hit 67.08, and the three-weeks RSI is set at 55.32 for Honest Company Inc [HNST]. The present Moving Average for the last 50 days of trading for this stock 3.88, while it was recorded at 3.74 for the last single week of trading, and 3.38 for the last 200 days.
Honest Company Inc [HNST]: Deeper insight into the fundamentals
Honest Company Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.67 and a Current Ratio set at 3.06.
Earnings analysis for Honest Company Inc [HNST]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HNST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Honest Company Inc go to 46.40%.
Insider trade positions for Honest Company Inc [HNST]
There are presently around $62.72%, or 72.72%% of HNST stock, in the hands of institutional investors. The top three institutional holders of HNST stocks are: CATTERTON MANAGEMENT COMPANY, L.L.C. with ownership of 12.17 million shares, which is approximately 12.6409%. PORTOLAN CAPITAL MANAGEMENT, LLC, holding 8.11 million shares of the stock with an approximate value of $$23.67 million in HNST stocks shares; and PORTOLAN CAPITAL MANAGEMENT, LLC, currently with $$14.53 million in HNST stock with ownership which is approximately 5.17%.
