Hims & Hers Health Inc (HIMS) is expected to grow earnings and revenues in the years ahead

At the time of writing, Hims & Hers Health Inc [HIMS] stock is trading at $16.33, down -2.39%. An important factor to consider is whether the stock is rising or falling in short-term value. The HIMS shares have gain 11.62% over the last week, with a monthly amount glided 72.80%, and seem to be holding up well over a long-time horizon.

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On 11, March 2024, Hims & Hers to Participate in Canaccord Genuity’s Virtual eCommerce Sustainable Advantage Forum on March 14, 2024. In a post published today on Yahoo Finance, Hims & Hers Health, Inc. (“Hims & Hers”, NYSE: HIMS), the leading health and wellness platform, today announced that members of the company’s management team will be participating in Canaccord Genuity’s Virtual eCommerce Sustainable Advantage Forum on March 14, 2024. All events will be webcast live and archived on the Hims & Hers investor relations website at https://investors.forhims.com.

From an analyst’s perspective:

Hims & Hers Health Inc [NYSE: HIMS] stock has seen the most recent analyst activity on February 28, 2024, when Imperial Capital upgraded its rating to a Outperform but kept the price target unchanged to $16 for it. Previously, Leerink Partners started tracking the stock with Market Perform rating on February 26, 2024, and set its price target to $10. On December 07, 2023, Imperial Capital initiated with a In-line rating and assigned a price target of $9 on the stock. TD Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $11 on July 28, 2023. Robert W. Baird initiated its recommendation with a Neutral and recommended $10 as its price target on April 11, 2023. Jefferies upgraded its rating to Buy for this stock on February 09, 2023, and upped its price target to $11. In a note dated November 08, 2022, SVB Leerink upgraded an Outperform rating on this stock but restated the target price of $5.

For the past year, the stock price of Hims & Hers Health Inc fluctuated between $5.65 and $16.88. Currently, Wall Street analysts expect the stock to reach $6.33 within the next 12 months. Hims & Hers Health Inc [NYSE: HIMS] shares were valued at $16.33 at the most recent close of the market. An investor can expect a potential drop of -61.24% based on the average HIMS price forecast.

Analyzing the HIMS fundamentals

According to Hims & Hers Health Inc [NYSE:HIMS], the company’s sales were 872.00M for trailing twelve months, which represents an 47.50% jump. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.07 and Total Capital is -0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.09 points at the first support level, and at 15.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.72, and for the 2nd resistance point, it is at 17.12.

Hims & Hers Health Inc [HIMS] reported earnings per share of $0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.02/share, meaning a difference of $0.03 and a surprise factor of 150.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.04 per share as compared to estimates of -$0.03 per share, a difference of $-0.01 representing a surprise of -33.30%.

Ratios To Look Out For

It is important to note that Hims & Hers Health Inc [NYSE:HIMS] has a current ratio of 3.00. On the other hand, the Quick Ratio is 2.74, and the Cash Ratio is 1.09. Considering the valuation of this stock, the price to sales ratio is 4.01, the price to book ratio is 10.13.

Transactions by insiders

Recent insider trading involved Dudum Andrew, Chief Executive Officer, that happened on Mar 20 ’24 when 50361.0 shares were sold. Chief Financial Officer, Okupe Oluyemi completed a deal on Mar 20 ’24 to sell 9912.0 shares. Meanwhile, PAO Becklund Irene sold 13353.0 shares on Mar 19 ’24.

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