After finishing at $3.83 in the prior trading day, Honest Company Inc (NASDAQ: HNST) closed at $3.79, down -1.04%. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 549286 shares were traded.
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 11.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.74. 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, Lake Street on April 04, 2024, initiated with a Buy rating and assigned the stock a target price of $6.
On February 06, 2024, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $5.75.
Telsey Advisory Group Downgraded its Outperform to Market Perform on March 17, 2023, whereas the target price for the stock was revised from $6 to $2.
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 363.43M and an Enterprise Value of 360.45M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.05 while its Price-to-Book (P/B) ratio in mrq is 2.95. Its current Enterprise Value per Revenue stands at 1.05 whereas that against EBITDA is -9.97.
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 3.5751, while the 200-Day Moving Average is calculated to be 2.2266.
Shares Statistics:
The stock has traded on average 1.00M shares per day over the past 3-months and 976.41k shares per day over the last 10 days, according to various share statistics. A total of 95.87M shares are outstanding, with a floating share count of 59.02M. Insiders hold about 38.45% of the company’s shares, while institutions hold 32.02% stake in the company. Shares short for HNST as of Mar 15, 2024 were 1.28M with a Short Ratio of 1.28, compared to 1.88M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.33% and a Short% of Float of 1.87%.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of -$0.07 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 -$0.15. EPS for the following year is -$0.11, with 5 analysts recommending between -$0.02 and -$0.15.
Revenue Estimates
5 analysts predict $83.28M 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 6 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 $357.03M. In the same quarter a year ago, actual revenue was $344.37M, up 3.70% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $374.44M 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 4.90% from the average revenue estimate for this year.
