Honest Company Inc [HNST] stock prices are up 2.47% to $7.05 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The HNST shares have gain 8.13% over the last week, with a monthly amount drifted -17.74%, 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 December 17, 2024, when Loop Capital downgraded its rating to a Hold but kept the price target unchanged to $7 for it. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on November 13, 2024, and elevated its price target to $6. On November 13, 2024, Alliance Global Partners reiterated its Buy rating and revised its price target to $8 on the stock. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $6.50 on September 10, 2024. Northland Capital initiated its recommendation with a Outperform and recommended $6 as its price target on August 06, 2024. Loop Capital upgraded its rating to Buy for this stock on June 25, 2024, but kept the price target unchanged to $3. In a note dated April 04, 2024, Lake Street initiated an Buy rating and provided a target price of $6 on this stock.
The stock price of Honest Company Inc [HNST] has been fluctuating between $2.40 and $8.97 over the past year. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Honest Company Inc [NASDAQ: HNST] shares were valued at $7.05 at the most recent close of the market. An investor can expect a potential drop of -0.71% based on the average HNST price forecast.
Analyzing the HNST fundamentals
The Honest Company Inc [NASDAQ:HNST] reported sales of 368.77M for trailing twelve months, representing a surge of 15.32%. 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 6.78 points at the first support level, and at 6.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.22, and for the 2nd resistance point, it is at 7.39.
Ratios To Look Out For
It’s worth pointing out that Honest Company Inc [NASDAQ:HNST]’s Current Ratio 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 1.93, the price to book ratio is 5.33.
Transactions by insiders
Recent insider trading involved Warren Jessica, Director, that happened on Dec 10 ’24 when 0.47 million shares were sold. Director, Jessica Warren completed a deal on Dec 10 ’24 to buy 0.47 million shares. Meanwhile, General Counsel Sheehey Brendan sold 92138.0 shares on Nov 27 ’24.
