A share price of Honest Company Inc [HNST] is currently trading at $3.68, up 13.58%. 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 7.92% over the last week, with a monthly amount glided 16.46%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Honest Company Inc [NASDAQ: HNST] stock has seen the most recent analyst activity on August 06, 2024, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $6. Previously, Loop Capital upgraded its rating to Buy on June 25, 2024, and kept the price target unchanged to $3. On April 04, 2024, Lake Street initiated with a Buy rating and assigned a price target of $6 on the stock. Alliance Global Partners started tracking the stock assigning a Buy rating and suggested a price target of $5.75 on February 06, 2024. Telsey Advisory Group downgraded its rating to a Market Perform and reduced its price target to $2 on March 17, 2023. Loop Capital downgraded its rating to Hold for this stock on June 09, 2022, and downed its price target to $3. In a note dated March 28, 2022, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $13 to $6.50.
Honest Company Inc experienced fluctuations in its stock price throughout the past year between $1.06 and $4.89. 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 $3.68 at the most recent close of the market. An investor can expect a potential return of 15.49% based on the average HNST price forecast.
Analyzing the HNST fundamentals
Trailing Twelve Months sales for Honest Company Inc [NASDAQ:HNST] were 355.58M which represents 10.06% growth. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.1 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
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 3.51 points at the first support level, and at 3.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.97, and for the 2nd resistance point, it is at 4.26.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Honest Company Inc [NASDAQ:HNST] is 3.06. Also, the Quick Ratio is 1.67, while the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 1.02, the price to book ratio is 2.84.
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.
