A share price of Honest Company Inc [HNST] is currently trading at $8.15, up 6.54%. An important factor to consider is whether the stock is rising or falling in short-term value. The HNST shares have gain 17.95% over the last week, with a monthly amount glided 123.90%, 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 November 13, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also boosted its price target to $6 from $4. Previously, Alliance Global Partners reaffirmed its Buy rating on November 13, 2024, and elevated its price target to $8. On September 10, 2024, B. Riley Securities initiated with a Buy rating and assigned a price target of $6.50 on the stock. Northland Capital started tracking the stock assigning a Outperform rating and suggested a price target of $6 on August 06, 2024. Loop Capital upgraded its rating to a Buy but $3 remained the price target by the analyst firm on June 25, 2024. Lake Street started tracking with a Buy rating for this stock on April 04, 2024, and assigned it a price target of $6. In a note dated February 06, 2024, Alliance Global Partners initiated an Buy rating and provided a target price of $5.75 on this stock.
Honest Company Inc experienced fluctuations in its stock price throughout the past year between $1.57 and $7.80. Currently, Wall Street analysts expect the stock to reach $5.58 within the next 12 months. Honest Company Inc [NASDAQ: HNST] shares were valued at $8.15 at the most recent close of the market. An investor can expect a potential drop of -31.53% based on the average HNST price forecast.
Analyzing the HNST fundamentals
Trailing Twelve Months sales for Honest Company Inc [NASDAQ:HNST] were 368.77M which represents 15.32% growth. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.03 and Total Capital is -0.02.
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 7.74 points at the first support level, and at 7.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.42, and for the 2nd resistance point, it is at 8.70.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Honest Company Inc [NASDAQ:HNST] is 2.89. On the other hand, the Quick Ratio is 1.64, and the Cash Ratio is 0.89. Considering the valuation of this stock, the price to sales ratio is 2.38, the price to book ratio is 6.16.
Transactions by insiders
Recent insider trading involved WHITE JAMES D, Director, that happened on Nov 20 ’24 when 25000.0 shares were sold. Chief Growth Officer, Barton Katherine completed a deal on Nov 20 ’24 to sell 23884.0 shares. Meanwhile, Chief Executive Officer Vernon Carla sold 65176.0 shares on Nov 20 ’24.
