During the last session, Honest Company Inc (NASDAQ:HNST)’s traded shares were 1.3 million, with the beta value of the company hitting 1.87. At the end of the trading day, the stock’s price was $4.67, reflecting an intraday gain of 7.36% or $0.32. The 52-week high for the HNST share is $4.89, that puts it down -4.71 from that peak though still a striking 77.3% gain since the share price plummeted to a 52-week low of $1.06. The company’s market capitalization is $467.37M, and the average intraday trading volume over the past 10 days was 1.07 million shares, and the average trade volume was 1.37 million shares over the past three months.
Honest Company Inc (HNST) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.57. HNST has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.03.
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Honest Company Inc (NASDAQ:HNST) trade information
Honest Company Inc (HNST) registered a 7.36% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.36% in intraday trading to $4.67, hitting a weekly high. The stock’s 5-day price performance is 3.32%, and it has moved by 29.72% in 30 days. Based on these gigs, the overall price performance for the year is 217.69%. The short interest in Honest Company Inc (NASDAQ:HNST) is 2.56 million shares and it means that shorts have 1.51 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.75, which implies a decrease of -24.53% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $6 respectively. As a result, HNST is trading at a discount of -28.48% off the target high and 35.76% off the low.
Honest Company Inc (HNST) estimates and forecasts
Statistics show that Honest Company Inc has outperformed its competitors in share price, compared to the industry in which it operates. Honest Company Inc (HNST) shares have gone up 53.11% during the last six months, with a year-to-date growth rate more than the industry average at 75.61% against 1.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 66.70% this quarter and then drop -300.00% in the quarter after that. In the rating firms’ projections, revenue will increase 7.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 92.91M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 96.44M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 86.17M and 90.26M respectively. In this case, analysts expect current quarter sales to grow by 7.80% and then jump by 6.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -4.76%. While earnings are projected to return 73.81% in 2024, the next five years will return 46.40% per annum.
HNST Dividends
Honest Company Inc is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Honest Company Inc (NASDAQ:HNST)’s Major holders
Honest Company Inc insiders own 14.18% of total outstanding shares while institutional holders control 62.53%, with the float percentage being 72.87%. CATTERTON MANAGEMENT COMPANY, L.L.C. is the largest shareholder of the company, while 161.0 institutions own stock in it. As of 2024-06-30, the company held over 12.17 million shares (or 12.6409% of all shares), a total value of $35.54 million in shares.
The next largest institutional holding, with 8.11 million shares, is of PORTOLAN CAPITAL MANAGEMENT, LLC’s that is approximately 8.4191% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $23.67 million.
