Honest Company Inc (NASDAQ: HNST) closed the day trading at $4.19 up 0.96% from the previous closing price of $4.15. In other words, the price has increased by $+0.0400 from its previous closing price. On the day, 947615 shares were traded.
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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 12.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.93. For the most recent quarter (mrq), Quick Ratio is recorded 1.48 and its Current Ratio is at 2.78. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.18.
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, Alliance Global Partners on February 06, 2024, initiated with a Buy rating and assigned the stock a target price of $5.75.
On March 17, 2023, Telsey Advisory Group Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $6 to $2.
Loop Capital Downgraded its Buy to Hold on June 09, 2022, whereas the target price for the stock was revised from $5 to $3.
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 Mar 18 ’24 when Vernon Carla sold 209,160 shares for $4.16 per share. The transaction valued at 870,106 led to the insider holds 2,924,387 shares of the business.
Warren Jessica sold 23,324 shares of HNST for $75,570 on Mar 07 ’24. The Chief Creative Officer now owns 1,905,237 shares after completing the transaction at $3.24 per share. On Mar 07 ’24, another insider, Sheehey Brendan, who serves as the General Counsel of the company, sold 21,152 shares for $3.24 each. As a result, the insider received 68,532 and left with 534,620 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 401.79M and an Enterprise Value of 398.81M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 3.26. Its current Enterprise Value per Revenue stands at 1.16 whereas that against EBITDA is -11.03.
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 3.3799, while the 200-Day Moving Average is calculated to be 2.1258.
Shares Statistics:
Over the past 3-months, HNST traded about 975.11K shares per day on average, while over the past 10 days, HNST traded about 1.53M shares per day. A total of 95.87M shares are outstanding, with a floating share count of 53.80M. Insiders hold about 42.87% of the company’s shares, while institutions hold 32.03% stake in the company. Shares short for HNST as of Feb 29, 2024 were 1.47M with a Short Ratio of 1.51, compared to 2.15M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.53% and a Short% of Float of 2.16%.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.1, while EPS last year was -$0.2. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.02 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.05 and -$0.26 for the fiscal current year, implying an average EPS of -$0.17. EPS for the following year is -$0.13, with 4 analysts recommending between -$0.12 and -$0.15.
Revenue Estimates
4 analysts predict $83.25M in revenue for the current quarter. It ranges from a high estimate of $84.01M to a low estimate of $81.5M. As of the current estimate, Honest Company Inc’s year-ago sales were $71.52M, an estimated increase of 16.40% from the year-ago figure.
A total of 5 analysts have provided revenue estimates for HNST’s current fiscal year. The highest revenue estimate was $364M, while the lowest revenue estimate was $352.1M, resulting in an average revenue estimate of $356.95M. In the same quarter a year ago, actual revenue was $344.37M, up 3.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $374.71M in the next fiscal year. The high estimate is $380M and the low estimate is $371.06M. The average revenue growth estimate for next year is up 5.00% from the average revenue estimate for this year.
