The Honest Company Inc. Common Stock (NASDAQ:HNST)’s traded shares stood at 2.21 million during the last session. At the last check today, the stock’s price was $2.10, to imply a decrease of -24.91% or -$0.69 in intraday trading. The HNST share’s 52-week high remains $6.16, putting it -193.33% down since that peak but still an impressive -20.95% since price per share fell to its 52-week low of $2.54. The company has a valuation of $263.35M, with an average of 0.68 million shares in intraday trading volume over the past 10 days and average of 856.54K shares over the past 3 months.
The Honest Company Inc. Common Stock (NASDAQ:HNST) trade information
After registering a -24.91% downside in the latest session, The Honest Company Inc. Common Stock (HNST) has traded red over the past five days. The stock hit a weekly high of 2.84 this Wednesday, 03/15/23, dropping -24.91% in its intraday price action. The 5-day price performance for the stock is -23.54%, and -31.54% over 30 days. With these gigs, the year-to-date price performance is -30.40%. Short interest in The Honest Company Inc. Common Stock (NASDAQ:HNST) saw shorts transact 2.9 million shares and set a 2.68 days time to cover.
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The Honest Company Inc. Common Stock (HNST) estimates and forecasts
Looking at statistics comparing The Honest Company Inc. Common Stock share performance against respective industry, we note that the company has underperformed competitors. The Honest Company Inc. Common Stock (HNST) shares are -48.90% down over the last 6 months, with its year-to-date growth rate lower than industry average at -22.86% against -4.30%. Revenue is forecast to grow 50.00% this quarter before jumping 43.80% for the next one. The rating firms project that company’s revenue will shrink -2.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is $80.37 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $75.48 million.Earnings reports from the last fiscal year show that sales brought in $80.38 million and $68.72 million respectively in the corresponding quarters.
The Honest Company Inc. Common Stock has its next earnings report out on March 16. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The Honest Company Inc. Common Stock has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
The Honest Company Inc. Common Stock (NASDAQ:HNST)’s Major holders
The Honest Company Inc. Common Stock insiders hold 8.69% of total outstanding shares, with institutional holders owning 58.33% of the shares at 63.88% float percentage. In total, 58.33% institutions holds shares in the company, led by Institutional Venture Management XIII, LLC. As of Dec 30, 2022, the company held over 10.42 million shares (or 11.24% of shares), all amounting to roughly $22.38 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 4.57 million shares, or about 4.94% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $9.82 million.
We also have iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the The Honest Company Inc. Common Stock (HNST) shares. Going by data provided on Dec 30, 2022, iShares Russell 2000 ETF holds roughly 1.59 million shares. This is just over 1.71% of the total shares, with a market valuation of $3.41 million. Data from the same date shows that the other fund manager holds a little less at 1.53 million, or 1.65% of the shares, all valued at about 3.29 million.