A share price of Hims & Hers Health Inc [HIMS] is currently trading at $24.15, up 10.83%. An important factor to consider is whether the stock is rising or falling in short-term value. The HIMS shares have gain 15.83% over the last week, with a monthly amount glided 12.96%, and 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 November 14, 2024, when BofA Securities downgraded its rating to a Underperform. Previously, Needham started tracking the stock with Buy rating on August 22, 2024, and set its price target to $24. On August 09, 2024, downgrade downgraded it’s rating to In-line. Citigroup downgraded its rating to a Neutral and increased its price target to $20 on May 22, 2024. Jefferies downgraded its rating to a Hold and reduced its price target to $15 on April 16, 2024. Canaccord Genuity started tracking with a Buy rating for this stock on April 10, 2024, and assigned it a price target of $20. In a note dated February 28, 2024, Imperial Capital upgraded an Outperform rating on this stock but restated the target price of $16.
Hims & Hers Health Inc experienced fluctuations in its stock price throughout the past year between $7.51 and $30.44. Currently, Wall Street analysts expect the stock to reach $21.6 within the next 12 months. Hims & Hers Health Inc [NYSE: HIMS] shares were valued at $24.15 at the most recent close of the market. An investor can expect a potential drop of -10.56% based on the average HIMS price forecast.
Analyzing the HIMS fundamentals
Trailing Twelve Months sales for Hims & Hers Health Inc [NYSE:HIMS] were 1.24B which represents 77.13% growth. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.27 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 22.15 points at the first support level, and at 20.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.37, and for the 2nd resistance point, it is at 26.58.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Hims & Hers Health Inc [NYSE:HIMS] is 2.14. On the other hand, the Quick Ratio is 1.82, and the Cash Ratio is 1.08. Considering the valuation of this stock, the price to sales ratio is 4.25, the price to book ratio is 11.95 and price to earnings (TTM) ratio is 55.86.
Transactions by insiders
Recent insider trading involved Chi Michael, Chief Commercial Officer, that happened on Nov 19 ’24 when 7500.0 shares were sold. Chief Operating Officer, Baird Melissa completed a deal on Nov 18 ’24 to sell 58750.0 shares. Meanwhile, PAO Becklund Irene sold 472.0 shares on Nov 18 ’24.
