In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
After finishing at $6.67 in the prior trading day, Honest Company Inc (NASDAQ: HNST) closed at $6.61, down -0.90%. In other words, the price has decreased by -$0.90 from its previous closing price. On the day, 2.33 million shares were traded. HNST stock price reached its highest trading level at $6.925 during the session, while it also had its lowest trading level at $6.545.
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 12.27 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.54. 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.
On November 13, 2024, Telsey Advisory Group reiterated its Market Perform rating and also lowered its target price recommendation from $4 to $6.
Alliance Global Partners reiterated its Buy rating for the stock on November 13, 2024, while the target price for the stock was revised from $5.75 to $8.
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 673413568 and an Enterprise Value of 637704640. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 5.00. Its current Enterprise Value per Revenue stands at 1.729 whereas that against EBITDA is -521.853.
Stock Price History:
The Beta on a monthly basis for HNST is 2.45, which has changed by 1.2842467 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. 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 3.06%, while the 200-Day Moving Average is calculated to be 58.56%.
Shares Statistics:
The stock has traded on average 3.35M shares per day over the past 3-months and 2466490 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 72.97M. Insiders hold about 27.72% of the company’s shares, while institutions hold 49.57% stake in the company. Shares short for HNST as of 1734048000 were 2583137 with a Short Ratio of 0.77, compared to 1731628800 on 1667467. Therefore, it implies a Short% of Shares Outstanding of 2583137 and a Short% of Float of 3.1.
