Hims & Hers Health Inc [HIMS] stock prices are up 5.16% to $22.84 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 HIMS shares have gain 11.36% over the last week, with a monthly amount drifted -3.55%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hims & Hers Health Inc [NYSE: HIMS] stock has seen the most recent analyst activity on May 22, 2024, when Citigroup downgraded its rating to a Neutral and also boosted its price target to $20 from $16. Previously, Jefferies downgraded its rating to Hold on April 16, 2024, and dropped its price target to $15. On April 10, 2024, Canaccord Genuity initiated with a Buy rating and assigned a price target of $20 on the stock. Imperial Capital upgraded its rating to a Outperform but stick to its price target of $16 on February 28, 2024. Leerink Partners initiated its recommendation with a Market Perform and recommended $10 as its price target on February 26, 2024. Imperial Capital started tracking with a In-line rating for this stock on December 07, 2023, and assigned it a price target of $9. In a note dated July 28, 2023, TD Cowen initiated an Outperform rating and provided a target price of $11 on this stock.
The stock price of Hims & Hers Health Inc [HIMS] has been fluctuating between $5.65 and $25.74 over the past year. Currently, Wall Street analysts expect the stock to reach $13.29 within the next 12 months. Hims & Hers Health Inc [NYSE: HIMS] shares were valued at $22.84 at the most recent close of the market. An investor can expect a potential drop of -41.81% based on the average HIMS price forecast.
Analyzing the HIMS fundamentals
The Hims & Hers Health Inc [NYSE:HIMS] reported sales of 959.40M for trailing twelve months, representing a surge of 45.81%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is -0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 22.05 points at the first support level, and at 21.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.53, and for the 2nd resistance point, it is at 24.22.
Ratios To Look Out For
It’s worth pointing out that Hims & Hers Health Inc [NYSE:HIMS]’s Current Ratio is 2.80. Also, the Quick Ratio is 2.48, while the Cash Ratio stands at 1.13. Considering the valuation of this stock, the price to sales ratio is 5.11, the price to book ratio is 14.22.
Transactions by insiders
Recent insider trading involved Baird Melissa, Chief Operating Officer, that happened on Jul 09 ’24 when 17625.0 shares were sold. Chief Legal Officer, Boughton Soleil completed a deal on Jul 09 ’24 to sell 2335.0 shares. Meanwhile, Chief Operating Officer Baird Melissa sold 17625.0 shares on Jul 08 ’24.
