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The price of Honest Company Inc (NASDAQ: HNST) closed at $4.80 in the last session, down -1.23% from day before closing price of $4.86. In other words, the price has decreased by -$1.23 from its previous closing price. On the day, 8.05 million shares were traded. HNST stock price reached its highest trading level at $4.99 during the session, while it also had its lowest trading level at $4.61.
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 13.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.50. 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, B. Riley Securities on September 10, 2024, initiated with a Buy rating and assigned the stock a target price of $6.50.
On August 06, 2024, Northland Capital started tracking the stock assigning a Outperform rating and target price of $6.
Loop Capital Upgraded its Hold to Buy on June 25, 2024, while the target price for the stock was maintained at $3.
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 Sep 18 ’24 when THC Shared Abacus, LP sold 2,300,000 shares for $3.50 per share. The transaction valued at 8,050,000 led to the insider holds 9,869,803 shares of the business.
Winchell Stephen sold 6,938 shares of HNST for $29,695 on Aug 21 ’24. The EVP, Operations and R&D now owns 414,736 shares after completing the transaction at $4.28 per share. On Aug 21 ’24, another insider, Loretta David, who serves as the Chief Financial Officer of the company, sold 75,656 shares for $4.28 each. As a result, the insider received 323,808 and left with 987,757 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 480393632 and an Enterprise Value of 469670880. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35 while its Price-to-Book (P/B) ratio in mrq is 3.71. Its current Enterprise Value per Revenue stands at 1.32 whereas that against EBITDA is -52.536.
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 $1.21. The 50-Day Moving Average of the stock is 25.60%, while the 200-Day Moving Average is calculated to be 37.88%.
Shares Statistics:
According to the various share statistics, HNST traded on average about 1.62M shares per day over the past 3-months and 2165880 shares per day over the past 10 days. A total of 95.87M shares are outstanding, with a floating share count of 65.69M. Insiders hold about 34.36% of the company’s shares, while institutions hold 44.41% stake in the company. Shares short for HNST as of 1728950400 were 2248765 with a Short Ratio of 1.23, compared to 1726185600 on 2170867. Therefore, it implies a Short% of Shares Outstanding of 2248765 and a Short% of Float of 2.73.
