In the latest trading session,, 8.71 million Honest Company Inc (NASDAQ:HNST) shares changed hands as the company’s beta touched 1.94. With the company’s most recent per share price at $6.36 changing hands around $1.56 or 32.59% at last look, the market valuation stands at $636.97M. HNST’s last price was a premium, traded about 20.75% off its 52-week high of $5.04. The share price had its 52-week low at $1.21, which suggests the last value was 80.97% up since then. When we look at Honest Company Inc’s average trading volume, we note the 10-day average is 2.82 million shares, with the 3-month average coming to 1.72 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. Honest Company Inc’s EPS for the current quarter is expected to be -0.04.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Honest Company Inc (NASDAQ:HNST) trade information
Instantly HNST is in green as seen in intraday trades today. With action 53.73%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 92.86%, with the 5-day performance at 53.73% in the green. However, in the 30-day time frame, Honest Company Inc (NASDAQ:HNST) is 62.77% up. Looking at the short shares, we see there were 2.0 million shares sold at short interest cover period of 1.04 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need a downside of -6.0% from its recent market value. According to analyst projections, HNST’s forecast low is 3.75 with 7 as the target high. To hit the forecast high, the stock’s price needs a -10.06% plunge from its current level, while the stock would need to tank 41.04% 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 106.64% over the past 6 months, a 75.61% in annual growth rate that is considerably higher than the industry average of -2.30%. Year-over-year growth is forecast to reach 7.00% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 92.68M. 7 analysts are of the opinion that Honest Company Inc’s revenue for the current quarter will be 96.33M. The company’s revenue for the corresponding quarters a year ago was 86.17M and 90.26M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.60%. The estimates for the next quarter sales put growth at 6.70%.
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 80.27%, but the outlook for the next 5-year period is at 46.40% per year.
HNST Dividends
Honest Company Inc is expected to release its next quarterly earnings report on 2024-Nov-12.
Honest Company Inc (NASDAQ:HNST)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.76% of Honest Company Inc shares while 65.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 76.44%. There are 65.92% 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.
