Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
In the latest session, Honest Company Inc (NASDAQ: HNST) closed at $2.85 down -5.32% from its previous closing price of $3.01. In other words, the price has decreased by -$5.32 from its previous closing price. On the day, 0.93 million shares were traded. HNST stock price reached its highest trading level at $3.0989 during the session, while it also had its lowest trading level at $2.85.
Ratios:
For a deeper understanding of Honest Company Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.60. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 19 ’24 when Warren Jessica sold 253,815 shares for $2.99 per share. The transaction valued at 758,095 led to the insider holds 1,109,489 shares of the business.
Warren Jessica sold 265,820 shares of HNST for $812,266 on Apr 18 ’24. The Chief Creative Officer now owns 1,363,304 shares after completing the transaction at $3.06 per share. On Apr 17 ’24, another insider, Warren Jessica, who serves as the Chief Creative Officer of the company, sold 276,113 shares for $3.07 each. As a result, the insider received 846,949 and left with 1,629,124 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 276543456 and an Enterprise Value of 270334048. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.79 while its Price-to-Book (P/B) ratio in mrq is 2.22. Its current Enterprise Value per Revenue stands at 0.785 whereas that against EBITDA is -7.959.
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 -20.80%, while the 200-Day Moving Average is calculated to be 20.32%.
Shares Statistics:
For the past three months, HNST has traded an average of 1.12M shares per day and 706330 over the past ten days. A total of 95.87M shares are outstanding, with a floating share count of 63.11M. Insiders hold about 26.92% of the company’s shares, while institutions hold 31.48% stake in the company. Shares short for HNST as of 1713139200 were 1164253 with a Short Ratio of 1.04, compared to 1710460800 on 1276367. Therefore, it implies a Short% of Shares Outstanding of 1164253 and a Short% of Float of 1.47.
