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The price of Honest Company Inc (NASDAQ: HNST) closed at $8.22 in the last session, down -2.14% from day before closing price of $8.40. In other words, the price has decreased by -$2.14 from its previous closing price. On the day, 2.53 million shares were traded. HNST stock price reached its highest trading level at $8.87 during the session, while it also had its lowest trading level at $8.22.
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 15.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.16. 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:
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 Nov 27 ’24 when Sheehey Brendan sold 92,138 shares for $8.13 per share. The transaction valued at 748,818 led to the insider holds 516,816 shares of the business.
Sheehey Brendan bought 92,138 shares of HNST for $748,551 on Nov 27 ’24. On Nov 25 ’24, another insider, Turner Andrea, who serves as the Director of the company, sold 25,000 shares for $8.49 each. As a result, the insider received 212,250 and left with 200,136 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 829899456 and an Enterprise Value of 800252416. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20 while its Price-to-Book (P/B) ratio in mrq is 6.21. Its current Enterprise Value per Revenue stands at 2.17 whereas that against EBITDA is -654.871.
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 $2.22. The 50-Day Moving Average of the stock is 59.92%, while the 200-Day Moving Average is calculated to be 112.45%.
Shares Statistics:
According to the various share statistics, HNST traded on average about 2.78M shares per day over the past 3-months and 3803280 shares per day over the past 10 days. A total of 101.20M shares are outstanding, with a floating share count of 72.32M. Insiders hold about 28.37% of the company’s shares, while institutions hold 49.55% stake in the company. Shares short for HNST as of 1731628800 were 1667467 with a Short Ratio of 0.60, compared to 1728950400 on 2248765. Therefore, it implies a Short% of Shares Outstanding of 1667467 and a Short% of Float of 2.0.
