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After finishing at $6.95 in the prior trading day, Honest Company Inc (NASDAQ: HNST) closed at $7.06, up 1.58%. In other words, the price has increased by $1.58 from its previous closing price. On the day, 2.86 million shares were traded. HNST stock price reached its highest trading level at $7.145 during the session, while it also had its lowest trading level at $6.8633.
Ratios:
Our goal is to gain a better understanding of HNST by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.00. 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 November 13, 2024, Reiterated its Market Perform rating but revised its target price to $6 from $4 previously.
On November 13, 2024, Alliance Global Partners reiterated its Buy rating and also lowered its target price recommendation from $5.75 to $8.
On September 10, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $6.50.B. Riley Securities initiated its Buy rating on September 10, 2024, with a $6.50 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 712784640 and an Enterprise Value of 683137216. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 5.34. Its current Enterprise Value per Revenue stands at 1.852 whereas that against EBITDA is -559.032.
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 27.98%, while the 200-Day Moving Average is calculated to be 77.92%.
Shares Statistics:
The stock has traded on average 2.98M shares per day over the past 3-months and 3308740 shares per day over the last 10 days, according to various share statistics. A total of 101.20M shares are outstanding, with a floating share count of 72.57M. Insiders hold about 28.12% of the company’s shares, while institutions hold 49.55% stake in the company. Shares short for HNST as of 1732838400 were 1484913 with a Short Ratio of 0.50, compared to 1730332800 on 1997326. Therefore, it implies a Short% of Shares Outstanding of 1484913 and a Short% of Float of 1.78.
