With 73.4% From The Low, Is Hims & Hers Health Inc (NYSE:HIMS) Up For More Gains?

In last trading session, Hims & Hers Health Inc (NYSE:HIMS) saw 36.83 million shares changing hands with its beta currently measuring 1.07. Company’s recent per share price level of $23.42 trading at $2.78 or 13.47% at ring of the bell on the day assigns it a market valuation of $5.07B. That closing price of HIMS’s stock is at a discount of -9.91% from its 52-week high price of $25.74 and is indicating a premium of 73.4% from its 52-week low price of $6.23. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 14.31 million shares which gives us an average trading volume of 10.27 million if we extend that period to 3-months.

For Hims & Hers Health Inc (HIMS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.08. Splitting up the data highlights that, out of 13 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 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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Hims & Hers Health Inc (NYSE:HIMS) trade information

Upright in the green during last session for gaining 13.47%, in the last five days HIMS remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $23.42 price level, adding 5.11% to its value on the day. Hims & Hers Health Inc’s shares saw a change of 163.15% in year-to-date performance and have moved 23.00% in past 5-day. Hims & Hers Health Inc (NYSE:HIMS) showed a performance of 24.91% in past 30-days. Number of shares sold short was 31.87 million shares which calculate 2.76 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 23 to the stock, which implies a fall of -1.83% to its current value. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 28. It follows that stock’s current price would jump 65.84% in reaching the projected high whereas dropping to the targeted low would mean a gain of 65.84% for stock’s current value.

Hims & Hers Health Inc (HIMS) estimates and forecasts

Statistics highlight that Hims & Hers Health Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 92.76% of value to its shares in past 6 months, showing an annual growth rate of 300.00% while that of industry is 25.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 64.50% from the last financial year’s standing.

12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 458.17M for the same. And 8 analysts are in estimates of company making revenue of 484.56M in the next quarter. Company posted 246.17M and 278.17M of sales in current and next quarters respectively a year earlier.

Hims & Hers Health Inc (NYSE:HIMS)’s Major holders

Insiders are in possession of 11.54% of company’s total shares while institution are holding 68.34 percent of that, with stock having share float percentage of 77.26%. Investors also watch the number of corporate investors in a company very closely, which is 68.34% institutions for Hims & Hers Health Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at HIMS for having 16.47 million shares of worth $332.55 million. And as of 2024-06-30, it was holding 7.7166 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 14.57 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.8278 of outstanding shares, having a total worth of $294.25 million.