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After finishing at $3.55 in the prior trading day, Honest Company Inc (NASDAQ: HNST) closed at $3.42, down -3.66%. In other words, the price has decreased by -$3.66 from its previous closing price. On the day, 1.46 million shares were traded. HNST stock price reached its highest trading level at $3.6 during the session, while it also had its lowest trading level at $3.36.
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 9.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.88. 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:
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 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 355809952 and an Enterprise Value of 331558208. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96 while its Price-to-Book (P/B) ratio in mrq is 2.64. Its current Enterprise Value per Revenue stands at 0.932 whereas that against EBITDA is -37.087.
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 -11.73%, while the 200-Day Moving Average is calculated to be 1.74%.
Shares Statistics:
The stock has traded on average 1.37M shares per day over the past 3-months and 1241750 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 63.50M. Insiders hold about 36.55% of the company’s shares, while institutions hold 41.87% stake in the company. Shares short for HNST as of 1726185600 were 2170867 with a Short Ratio of 1.59, compared to 1723680000 on 2555234. Therefore, it implies a Short% of Shares Outstanding of 2170867 and a Short% of Float of 2.6400002.
