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Honest Company Inc (NASDAQ: HNST) closed the day trading at $4.13 down -3.95% from the previous closing price of $4.30. In other words, the price has decreased by -$3.95 from its previous closing price. On the day, 1.36 million shares were traded. HNST stock price reached its highest trading level at $4.32 during the session, while it also had its lowest trading level at $4.12.
Ratios:
For a better understanding of HNST, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.80. For the most recent quarter (mrq), Quick Ratio is recorded 1.67 and its Current Ratio is at 3.06. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.14.
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, Northland Capital on August 06, 2024, initiated with a Outperform rating and assigned the stock a target price of $6.
On June 25, 2024, Loop Capital Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $3.
On April 04, 2024, Lake Street started tracking the stock assigning a Buy rating and target price of $6.Lake Street initiated its Buy rating on April 04, 2024, with a $6 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 Aug 21 ’24 when Winchell Stephen sold 6,938 shares for $4.28 per share. The transaction valued at 29,695 led to the insider holds 414,736 shares of the business.
Loretta David sold 75,656 shares of HNST for $323,808 on Aug 21 ’24. The Chief Financial Officer now owns 987,757 shares after completing the transaction at $4.28 per share. On Aug 21 ’24, another insider, Vernon Carla, who serves as the Chief Executive Officer of the company, sold 52,751 shares for $4.28 each. As a result, the insider received 225,774 and left with 2,828,319 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 430350144 and an Enterprise Value of 419630080. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 3.19. Its current Enterprise Value per Revenue stands at 1.18 whereas that against EBITDA is -46.938.
Stock Price History:
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 14.27%, while the 200-Day Moving Average is calculated to be 29.95%.
Shares Statistics:
Over the past 3-months, HNST traded about 1.40M shares per day on average, while over the past 10 days, HNST traded about 1044690 shares per day. A total of 95.87M shares are outstanding, with a floating share count of 62.55M. Insiders hold about 37.51% of the company’s shares, while institutions hold 41.89% stake in the company. Shares short for HNST as of 1723680000 were 2555234 with a Short Ratio of 1.82, compared to 1721001600 on 3026810. Therefore, it implies a Short% of Shares Outstanding of 2555234 and a Short% of Float of 3.1.
