Hims & Hers Health Inc [HIMS] stock prices are up 8.32% to $34.23 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The HIMS shares have gain 6.24% over the last week, with a monthly amount glided 46.16%, 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.
The stock price of Hims & Hers Health Inc [HIMS] has been fluctuating between $8.09 and $35.02 over the past year. Currently, Wall Street analysts expect the stock to reach $24.67 within the next 12 months. Hims & Hers Health Inc [NYSE: HIMS] shares were valued at $34.23 at the most recent close of the market. An investor can expect a potential drop of -27.93% based on the average HIMS price forecast.
Analyzing the HIMS fundamentals
The Hims & Hers Health Inc [NYSE:HIMS] reported sales of 1.24B for trailing twelve months, representing a surge of 77.13%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 31.99 points at the first support level, and at 29.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.49, and for the 2nd resistance point, it is at 36.74.
Ratios To Look Out For
It’s worth pointing out that Hims & Hers Health Inc [NYSE:HIMS]’s Current Ratio 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 6.52, the price to book ratio is 16.94 and price to earnings (TTM) ratio is 79.18.
Transactions by insiders
Recent insider trading involved Chi Michael, Chief Commercial Officer, that happened on Dec 02 ’24 when 2054.0 shares were sold. Chief Executive Officer, Dudum Andrew completed a deal on Dec 02 ’24 to sell 33513.0 shares. Meanwhile, Officer Chi Michael bought 2054.0 shares on Dec 02 ’24.
