For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Honest Company Inc (NASDAQ: HNST) closed at $6.10 in the last session, down -7.29% from day before closing price of $6.58. In other words, the price has decreased by -$7.29 from its previous closing price. On the day, 3.79 million shares were traded. HNST stock price reached its highest trading level at $6.69 during the session, while it also had its lowest trading level at $6.05.
Ratios:
We take a closer look at HNST’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.11. For the most recent quarter (mrq), Quick Ratio is recorded 1.64 and its Current Ratio is at 2.89. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.11.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on January 10, 2025, Reiterated its Market Perform rating but revised its target price to $7 from $6 previously.
On December 17, 2024, Loop Capital Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $7.
Telsey Advisory Group reiterated its Market Perform rating for the stock on November 13, 2024, while the target price for the stock was revised from $4 to $6.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 10 ’24 when Warren Jessica sold 465,000 shares for $7.55 per share. The transaction valued at 3,510,750 led to the insider holds 1,170,058 shares of the business.
Jessica Warren bought 465,000 shares of HNST for $3,510,750 on Dec 10 ’24. On Nov 27 ’24, another insider, Sheehey Brendan, who serves as the General Counsel of the company, sold 92,138 shares for $8.13 each. As a result, the insider received 748,818 and left with 516,816 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HNST now has a Market Capitalization of 615862080 and an Enterprise Value of 586214336. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.67 while its Price-to-Book (P/B) ratio in mrq is 4.61. Its current Enterprise Value per Revenue stands at 1.59 whereas that against EBITDA is -479.717.
Stock Price History:
Over the past 52 weeks, HNST has reached a high of $8.97, while it has fallen to a 52-week low of $2.40. The 50-Day Moving Average of the stock is -10.99%, while the 200-Day Moving Average is calculated to be 42.85%.
Shares Statistics:
According to the various share statistics, HNST traded on average about 3.32M shares per day over the past 3-months and 2304150 shares per day over the past 10 days. A total of 101.20M shares are outstanding, with a floating share count of 72.93M. Insiders hold about 27.76% of the company’s shares, while institutions hold 49.05% stake in the company. Shares short for HNST as of 1735603200 were 3538735 with a Short Ratio of 1.07, compared to 1732838400 on 1484913. Therefore, it implies a Short% of Shares Outstanding of 3538735 and a Short% of Float of 4.25.
