In today’s recent session, 0.67 million shares of the Honest Company Inc (NASDAQ:HNST) have been traded, and its beta is 1.90. Most recently the company’s share price was $3.03, and it changed around $0.0 or -0.17% from the last close, which brings the market valuation of the company to $290.07M. HNST at last check was trading at a discount to its 52-week high of $4.89, offering almost -61.39% off that amount. The share price’s 52-week low was $1.06, which indicates that the recent value has risen by an impressive 65.02% since then. We note from Honest Company Inc’s average daily trading volume that its 3-month average coming to 1.07 million.
Honest Company Inc (NASDAQ:HNST) trade information
Instantly HNST has been showing red trend so far today with a performance of -0.17% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -8.33% year-to-date, but still down -3.66% over the last five days. On the other hand, Honest Company Inc (NASDAQ:HNST) is -27.11% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $4.25, which translates to bulls needing to increase their stock price by 28.71% from its current value. Analyst projections state that HNST is forecast to be at a low of $3 and a high of $6.
Honest Company Inc (HNST) estimates and forecasts
Honest Company Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 145.93 percent over the past six months and at a 56.10% annual growth rate that is well above the industry average of 18.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 65.00% in revenue this quarter, and will report an increase of 64.30% in the next quarter. The year-over-year growth rate is expected to be 3.70%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $83.28 million in revenue for the current quarter. 5 analysts expect Honest Company Inc to make $86.78 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $71.52 million and -$ respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.40%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -4.76%. Honest Company Inc earnings are expected to increase by 63.26% in 2024, but the outlook is positive 46.40% per year for the next five years.
