At the time of writing, Honest Company Inc [HNST] stock is trading at $3.59, up 6.85%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HNST shares have gain 2.87% over the last week, with a monthly amount drifted -10.03%, and not 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 September 10, 2024, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $6.50. Previously, Northland Capital started tracking the stock with Outperform rating on August 06, 2024, and set its price target to $6. On June 25, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $3 on the stock. Lake Street started tracking the stock assigning a Buy rating and suggested a price target of $6 on April 04, 2024. Alliance Global Partners initiated its recommendation with a Buy and recommended $5.75 as its price target on February 06, 2024. Telsey Advisory Group downgraded its rating to Market Perform for this stock on March 17, 2023, and downed its price target to $2. In a note dated June 09, 2022, Loop Capital downgraded an Hold rating on this stock and revised its target price from $5 to $3.
For the past year, the stock price of Honest Company Inc fluctuated 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 $3.59 at the most recent close of the market. An investor can expect a potential return of 18.38% based on the average HNST price forecast.
Analyzing the HNST fundamentals
According to Honest Company Inc [NASDAQ:HNST], the company’s sales were 355.58M for trailing twelve months, which represents an 10.06% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 3.40 points at the first support level, and at 3.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.70, and for the 2nd resistance point, it is at 3.80.
Ratios To Look Out For
It is important to note that Honest Company Inc [NASDAQ:HNST] has a current ratio of 3.06. As well, the Quick Ratio is 1.67, while the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 1.01, the price to book ratio is 2.77.
Transactions by insiders
Recent insider trading involved THC Shared Abacus, LP, 10% Owner, that happened on Sep 18 ’24 when 2.3 million shares were sold. EVP, Operations and R&D, Winchell Stephen completed a deal on Aug 21 ’24 to sell 6938.0 shares. Meanwhile, Chief Financial Officer Loretta David sold 75656.0 shares on Aug 21 ’24.
