The closing price of Honest Company Inc (NASDAQ: HNST) was $4.30 for the day, down -5.49% from the previous closing price of $4.55. In other words, the price has decreased by -$0.2500 from its previous closing price. On the day, 1123631 shares were traded. HNST stock price reached its highest trading level at $4.5100 during the session, while it also had its lowest trading level at $4.2100.
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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 12.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.53. 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, Alliance Global Partners on February 06, 2024, initiated with a Buy rating and assigned the stock a target price of $5.75.
On March 17, 2023, Telsey Advisory Group Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $6 to $2.
Loop Capital Downgraded its Buy to Hold on June 09, 2022, whereas the target price for the stock was revised from $5 to $3.
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 Mar 07 ’24 when Warren Jessica sold 23,324 shares for $3.24 per share. The transaction valued at 75,570 led to the insider holds 1,905,237 shares of the business.
Sheehey Brendan sold 21,152 shares of HNST for $68,532 on Mar 07 ’24. The General Counsel now owns 534,620 shares after completing the transaction at $3.24 per share. On Mar 07 ’24, another insider, Winchell Stephen, who serves as the EVP, Operations and R&D of the company, sold 19,665 shares for $3.24 each. As a result, the insider received 63,715 and left with 428,957 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 412.34M and an Enterprise Value of 409.36M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 3.35. Its current Enterprise Value per Revenue stands at 1.19 whereas that against EBITDA is -11.32.
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 3.2548, while the 200-Day Moving Average is calculated to be 2.0596.
Shares Statistics:
HNST traded an average of 948.17K shares per day over the past three months and 2.63M shares per day over the past ten days. A total of 95.87M shares are outstanding, with a floating share count of 54.79M. Insiders hold about 42.87% of the company’s shares, while institutions hold 32.01% stake in the company. Shares short for HNST as of Feb 29, 2024 were 1.47M with a Short Ratio of 1.55, compared to 2.15M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.53% and a Short% of Float of 2.16%.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of -$0.08 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 -$0.17. EPS for the following year is -$0.13, with 4 analysts recommending between -$0.12 and -$0.15.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. 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 5 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 $356.95M. In the same quarter a year ago, actual revenue was $344.37M, up 3.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $374.71M 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 5.00% from the average revenue estimate for this year.
