Quarterly Snapshot: Quick and Current Ratios for Honest Company Inc (HNST)

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The closing price of Honest Company Inc (NASDAQ: HNST) was $2.89 for the day, up 2.12% from the previous closing price of $2.83. In other words, the price has increased by $2.12 from its previous closing price. On the day, 1.17 million shares were traded. HNST stock price reached its highest trading level at $2.93 during the session, while it also had its lowest trading level at $2.8.

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 8.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.53 and its Current Ratio is at 2.91. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.16.

On April 04, 2024, Lake Street started tracking the stock assigning a Buy rating and 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.Alliance Global Partners initiated its Buy rating on February 06, 2024, with a $5.75 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 May 21 ’24 when Barton Katherine sold 67,930 shares for $2.77 per share. The transaction valued at 188,166 led to the insider holds 933,005 shares of the business.

Vernon Carla sold 43,317 shares of HNST for $119,988 on May 21 ’24. The Chief Executive Officer now owns 2,881,070 shares after completing the transaction at $2.77 per share. On May 21 ’24, another insider, Sternweis Thomas, who serves as the SVP, Enterprise Dev. & Strat. of the company, sold 10,047 shares for $2.77 each. As a result, the insider received 27,830 and left with 237,211 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 285062944 and an Enterprise Value of 279344928. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 2.25. Its current Enterprise Value per Revenue stands at 0.805 whereas that against EBITDA is -14.671.

Stock Price History:

The Beta on a monthly basis for HNST is 1.85, which has changed by 0.7202381 over the last 52 weeks, in comparison to a change of 0.26253593 over the same period for the S&P500. 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 2.85%, while the 200-Day Moving Average is calculated to be 9.29%.

Shares Statistics:

HNST traded an average of 1.02M shares per day over the past three months and 2262940 shares per day over the past ten days. A total of 95.87M shares are outstanding, with a floating share count of 65.36M. Insiders hold about 33.74% of the company’s shares, while institutions hold 38.72% stake in the company. Shares short for HNST as of 1718323200 were 1233740 with a Short Ratio of 1.21, compared to 1715731200 on 1047970. Therefore, it implies a Short% of Shares Outstanding of 1233740 and a Short% of Float of 1.52.

Earnings Estimates

At present, 6.0 analysts are actively evaluating the performance of Honest Company Inc (HNST) in the stock market.On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.06, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.04, with high estimates of -$0.02 and low estimates of -$0.06.

Analysts are recommending an EPS of between -$0.07 and -$0.19 for the fiscal current year, implying an average EPS of -$0.12. EPS for the following year is -$0.06, with 6.0 analysts recommending between $0.03 and -$0.16.

Revenue Estimates

For the next quarter, 5 analysts are estimating revenue of $91.66M. There is a high estimate of $93M for the next quarter, whereas the lowest estimate is $90.8M.

A total of 6 analysts have provided revenue estimates for HNST’s current fiscal year. The highest revenue estimate was $363.99M, while the lowest revenue estimate was $358.5M, resulting in an average revenue estimate of $360.72M. In the same quarter a year ago, actual revenue was $344.37MBased on 6 analysts’ estimates, the company’s revenue will be $377.98M in the next fiscal year. The high estimate is $382.19M and the low estimate is $376M.

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