In the latest trading session,, 0.5 million Honest Company Inc (NASDAQ:HNST) shares changed hands as the company’s beta touched 1.93. With the company’s most recent per share price at $4.15 changing hands around $0.24 or 6.14% at last look, the market valuation stands at $415.33M. HNST’s current price is a discount, trading about -17.83% off its 52-week high of $4.89. The share price had its 52-week low at $1.06, which suggests the last value was 74.46% up since then. When we look at Honest Company Inc’s average trading volume, we note the 10-day average is 1.03 million shares, with the 3-month average coming to 1.45 million.
Analysts gave the Honest Company Inc (HNST) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended HNST as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight.
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Honest Company Inc (NASDAQ:HNST) trade information
Instantly HNST is in green as seen in intraday trades today. With action -3.49%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 25.76%, with the 5-day performance at -3.49% in the red. However, in the 30-day time frame, Honest Company Inc (NASDAQ:HNST) is 12.77% up. Looking at the short shares, we see there were 2.56 million shares sold at short interest cover period of 1.51 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.75, meaning bulls need a downside of -10.67% from its recent market value. According to analyst projections, HNST’s forecast low is 3 with 6 as the target high. To hit the forecast high, the stock’s price needs a -44.58% plunge from its current level, while the stock would need to tank 27.71% for it to hit the projected low.
Honest Company Inc (HNST) estimates and forecasts
Data shows that the Honest Company Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -11.13% over the past 6 months, a 75.61% in annual growth rate that is considerably higher than the industry average of 1.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -4.76%. The 2024 estimates are for Honest Company Inc earnings to increase by 73.81%, but the outlook for the next 5-year period is at 46.40% per year.
Honest Company Inc (NASDAQ:HNST)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.18% of Honest Company Inc shares while 62.53% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.87%. There are 62.53% institutions holding the Honest Company Inc stock share, with CATTERTON MANAGEMENT COMPANY, L.L.C. the top institutional holder. As of 2024-06-30, the company held 12.6409% of the shares, roughly 12.17 million HNST shares worth $35.54 million.
PORTOLAN CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 8.4191% or 8.11 million shares worth $23.67 million as of 2024-06-30.
