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The price of Honest Company Inc (NASDAQ: HNST) closed at $3.08 in the last session, down -2.53% from day before closing price of $3.16. In other words, the price has decreased by -$2.53 from its previous closing price. On the day, 0.55 million shares were traded. HNST stock price reached its highest trading level at $3.1978 during the session, while it also had its lowest trading level at $3.03.
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 9.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.86. For the most recent quarter (mrq), Quick Ratio is recorded 1.48 and its Current Ratio is at 2.78. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.18.
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, Lake Street on April 04, 2024, initiated with a Buy rating and assigned the stock a target price of $6.
On February 06, 2024, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $5.75.
Telsey Advisory Group Downgraded its Outperform to Market Perform on March 17, 2023, whereas the target price for the stock was revised from $6 to $2.
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 Apr 19 ’24 when Warren Jessica sold 253,815 shares for $2.99 per share. The transaction valued at 758,095 led to the insider holds 1,109,489 shares of the business.
Warren Jessica sold 265,820 shares of HNST for $812,266 on Apr 18 ’24. The Chief Creative Officer now owns 1,363,304 shares after completing the transaction at $3.06 per share. On Apr 17 ’24, another insider, Warren Jessica, who serves as the Chief Creative Officer of the company, sold 276,113 shares for $3.07 each. As a result, the insider received 846,949 and left with 1,629,124 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 306623552 and an Enterprise Value of 292389440. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.86 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 0.849 whereas that against EBITDA is -8.609.
Stock Price History:
The Beta on a monthly basis for HNST is 1.88, which has changed by 1.0263157 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, HNST has reached a high of $4.89, while it has fallen to a 52-week low of $1.06. The 50-Day Moving Average of the stock is -14.92%, while the 200-Day Moving Average is calculated to be 31.48%.
Shares Statistics:
According to the various share statistics, HNST traded on average about 1.10M shares per day over the past 3-months and 940100 shares per day over the past 10 days. A total of 95.87M shares are outstanding, with a floating share count of 59.76M. Insiders hold about 37.68% of the company’s shares, while institutions hold 31.79% stake in the company. Shares short for HNST as of 1713139200 were 1164253 with a Short Ratio of 1.06, compared to 1710460800 on 1276367. Therefore, it implies a Short% of Shares Outstanding of 1164253 and a Short% of Float of 1.47.
Earnings Estimates
The current rating of Honest Company Inc (HNST) reflects the combined expertise of 6.0 analysts actively engaged in assessing its market performance.On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.1, while EPS last year was -$0.2. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.02 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.05 and -$0.26 for the fiscal current year, implying an average EPS of -$0.15. EPS for the following year is -$0.11, with 5.0 analysts recommending between -$0.02 and -$0.15.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $83.28M. It ranges from a high estimate of $84.01M to a low estimate of $81.5M. As of the current estimate, Honest Company Inc’s year-ago sales were $71.52MFor the next quarter, 5 analysts are estimating revenue of $86.78M. There is a high estimate of $89M for the next quarter, whereas the lowest estimate is $84.4M.
A total of 6 analysts have provided revenue estimates for HNST’s current fiscal year. The highest revenue estimate was $364M, while the lowest revenue estimate was $352.1M, resulting in an average revenue estimate of $357.03M. In the same quarter a year ago, actual revenue was $344.37MBased on 6 analysts’ estimates, the company’s revenue will be $374.44M in the next fiscal year. The high estimate is $380M and the low estimate is $371.06M.
