Honest Company Inc [HNST] stock prices are up 2.22% to $3.23 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HNST shares have gain 11.76% over the last week, with a monthly amount glided 26.67%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Honest Company Inc [NASDAQ: HNST] stock has seen the most recent analyst activity on June 25, 2024, when Loop Capital upgraded its rating to a Buy but kept the price target unchanged to $3 for it. Previously, Lake Street started tracking the stock with Buy rating on April 04, 2024, and set its price target to $6. On February 06, 2024, Alliance Global Partners initiated with a Buy rating and assigned a price target of $5.75 on the stock. Telsey Advisory Group downgraded its rating to a Market Perform and decreased its price target to $2 on March 17, 2023. Loop Capital downgraded its rating to a Hold and reduced its price target to $3 on June 09, 2022. BofA Securities downgraded its rating to Underperform for this stock on March 28, 2022, and downed its price target to $6.50. In a note dated March 25, 2022, Jefferies downgraded an Hold rating on this stock and revised its target price from $11 to $5.
The stock price of Honest Company Inc [HNST] has been fluctuating between $1.06 and $4.89 over the past year. Currently, Wall Street analysts expect the stock to reach $4.25 within the next 12 months. Honest Company Inc [NASDAQ: HNST] shares were valued at $3.23 at the most recent close of the market. An investor can expect a potential return of 31.58% based on the average HNST price forecast.
Analyzing the HNST fundamentals
The Honest Company Inc [NASDAQ:HNST] reported sales of 347.08M for trailing twelve months, representing a surge of 2.83%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.18 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.22.
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 3.14 points at the first support level, and at 3.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.30, and for the 2nd resistance point, it is at 3.38.
Ratios To Look Out For
It’s worth pointing out that Honest Company Inc [NASDAQ:HNST]’s Current Ratio is 2.91. Also, the Quick Ratio is 1.53, while the Cash Ratio stands at 0.63. Considering the valuation of this stock, the price to sales ratio is 0.92, the price to book ratio is 2.52.
Transactions by insiders
Recent insider trading involved Barton Katherine, Chief Growth Officer, that happened on May 21 ’24 when 67930.0 shares were sold. Chief Executive Officer, Vernon Carla completed a deal on May 21 ’24 to sell 43317.0 shares. Meanwhile, SVP, Enterprise Dev. & Strat. Sternweis Thomas sold 10047.0 shares on May 21 ’24.
