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With 31.54% From The Low, Is The Honest Company Inc. Common Stock (NASDAQ:HNST) Up For More Gains?

In last trading session, The Honest Company Inc. Common Stock (NASDAQ:HNST) saw 2.09 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $3.71 trading at -$0.12 or -3.13% at ring of the bell on the day assigns it a market valuation of $360.39M. That closing price of HNST’s stock is at a discount of -214.02% from its 52-week high price of $11.65 and is indicating a premium of 31.54% from its 52-week low price of $2.54. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.59 million shares which gives us an average trading volume of 1.49 million if we extend that period to 3-months.

For The Honest Company Inc. Common Stock (HNST), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.60. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 3 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.08 in the current quarter.

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The Honest Company Inc. Common Stock (NASDAQ:HNST) trade information

Upright in the red during last session for losing -3.13%, in the last five days HNST remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $3.71 price level, adding 8.62% to its value on the day. The Honest Company Inc. Common Stock’s shares saw a change of -54.14% in year-to-date performance and have moved -9.73% in past 5-day. The Honest Company Inc. Common Stock (NASDAQ:HNST) showed a performance of 2.49% in past 30-days. Number of shares sold short was 4.23 million shares which calculate 2.9 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $4.83 to the stock, which implies a rise of 23.19% to its current value. Analysts have been projecting $3.00 as a low price target for the stock while placing it at a high target of $8.00. It follows that stock’s current price would drop -115.63% in reaching the projected high whereas dropping to the targeted low would mean a gain of 19.14% for stock’s current value.

The Honest Company Inc. Common Stock (HNST) estimates and forecasts

Statistics highlight that The Honest Company Inc. Common Stock is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -37.75% of value to its shares in past 6 months, showing an annual growth rate of -5.71% while that of industry is -3.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 65.20% in the current quarter and calculating 33.30% increase in the next quarter.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $76.27 million for the same. And 6 analysts are in estimates of company making revenue of $86.52 million in the next quarter that will end on Sep 2022.

In 2022, company’s earnings growth rate is likely to be around -165.80% while estimates for its earnings growth in next 5 years are of 46.40%.

HNST Dividends

The Honest Company Inc. Common Stock is more likely to be releasing its next quarterly report on November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

The Honest Company Inc. Common Stock (NASDAQ:HNST)’s Major holders

Insiders are in possession of 7.71% of company’s total shares while institution are holding 61.69 percent of that, with stock having share float percentage of 66.85%. Investors also watch the number of corporate investors in a company very closely, which is 61.69% institutions for The Honest Company Inc. Common Stock that are currently holding shares of the company. Institutional Venture Management XIII, LLC is the top institutional holder at HNST for having 10.4 million shares of worth $54.17 million. And as of Mar 30, 2022, it was holding 11.29% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 4.48 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 4.86% of outstanding shares, having a total worth of $23.33 million.

On the other hand, iShares Russell 2000 ETF and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 1.76 million shares of worth $5.15 million or 1.91% of the total outstanding shares. The later fund manager was in possession of 1.27 million shares on Mar 30, 2022, making its stake of worth around $6.64 million in the company or a holder of 1.38% of company’s stock.

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