Honest Company Inc [NASDAQ: HNST] loss -4.31% on the last trading session, reaching $7.55 price per share at the time.
If compared to the average trading volume of 2.83M shares, HNST reached a trading volume of 4943367 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $7.14 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.
Telsey Advisory Group have made an estimate for Honest Company Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on November 13, 2024. While these analysts kept the previous recommendation, Alliance Global Partners raised their target price from $5.75 to $8. The new note on the price target was released on November 13, 2024, representing the official price target for Honest Company Inc stock. Previously, the target price had yet another raise to $6.50, while B. Riley Securities analysts kept a Buy rating on HNST stock.
The Average True Range (ATR) for Honest Company Inc is set at 0.50, with the Price to Sales ratio for HNST stock in the period of the last 12 months amounting to 2.07. The Price to Book ratio for the last quarter was 5.71, with the Price to Cash per share for the same quarter was set at 0.53. Price to Free Cash Flow for HNST in the course of the last twelve months was 27.37 with Quick ratio for the last quarter at 1.64.
Trading performance analysis for HNST stock
Honest Company Inc [HNST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.74. With this latest performance, HNST shares gained by 71.98% in over the last four-week period, additionally plugging by 196.08% over the last 6 months – not to mention a rise of 205.05% 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 59.67, with the RSI for the last a single of trading hit 50.09, and the three-weeks RSI is set at 63.86 for Honest Company Inc [HNST]. The present Moving Average for the last 50 days of trading for this stock 5.30, while it was recorded at 8.07 for the last single week of trading, and 3.91 for the last 200 days.
Honest Company Inc [HNST]: A deeper dive into fundamental analysis
Honest Company Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.64 and a Current Ratio set at 2.89.
Honest Company Inc [HNST]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Honest Company Inc posted 0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. 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%.
An analysis of Institutional ownership at Honest Company Inc [HNST]
There are presently around $61.37%, or 71.30%% 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%.
