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The closing price of Honest Company Inc (NASDAQ: HNST) was $8.32 for the day, down -2.92% from the previous closing price of $8.57. In other words, the price has decreased by -$2.92 from its previous closing price. On the day, 4.86 million shares were traded. HNST stock price reached its highest trading level at $8.829 during the session, while it also had its lowest trading level at $8.32.
Ratios:
Our analysis of HNST’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.16. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 25 ’24 when Turner Andrea sold 25,000 shares for $8.49 per share. The transaction valued at 212,250 led to the insider holds 200,136 shares of the business.
Andrea Turner bought 25,000 shares of HNST for $212,246 on Nov 25 ’24. On Nov 20 ’24, another insider, WHITE JAMES D, who serves as the Director of the company, sold 25,000 shares for $7.19 each. As a result, the insider received 179,750 and left with 284,244 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 839995520 and an Enterprise Value of 810348544. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.28 while its Price-to-Book (P/B) ratio in mrq is 6.29. Its current Enterprise Value per Revenue stands at 2.197 whereas that against EBITDA is -663.133.
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 $1.83. The 50-Day Moving Average of the stock is 84.88%, while the 200-Day Moving Average is calculated to be 125.20%.
Shares Statistics:
HNST traded an average of 2.52M shares per day over the past three months and 7354750 shares per day over the past ten days. A total of 95.87M shares are outstanding, with a floating share count of 72.31M. Insiders hold about 28.38% of the company’s shares, while institutions hold 49.50% stake in the company. Shares short for HNST as of 1731628800 were 1667467 with a Short Ratio of 0.79, compared to 1728950400 on 2248765. Therefore, it implies a Short% of Shares Outstanding of 1667467 and a Short% of Float of 2.0.
