Honest Company Inc (NASDAQ:HNST) has a beta value of 2.37 and has seen 4.86 million shares traded in the last trading session. The company, currently valued at $840.00M, closed the last trade at $8.32 per share which meant it lost -$0.25 on the day or -2.92% during that session. The HNST stock price is -7.81% off its 52-week high price of $8.97 and 78.0% above the 52-week low of $1.83. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.35 million shares traded. The 3-month trading volume is 2.52 million shares.
The consensus among analysts is that Honest Company Inc (HNST) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.03.
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Honest Company Inc (NASDAQ:HNST) trade information
Sporting -2.92% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the HNST stock price touched $8.32 or saw a rise of 7.25%. Year-to-date, Honest Company Inc shares have moved 152.12%, while the 5-day performance has seen it change 13.66%. Over the past 30 days, the shares of Honest Company Inc (NASDAQ:HNST) have changed 120.11%. Short interest in the company has seen 1.67 million shares shorted with days to cover at 0.5.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could drop -38.67% from current levels. The projected low price target is $3.75 while the price target rests at a high of $7.0. In that case, then, we find that the current price level is 15.87% off the targeted high while a plunge would see the stock lose 54.93% from current levels.
Honest Company Inc (HNST) estimates and forecasts
Figures show that Honest Company Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 199.28% over the past 6 months, with this year growth rate of 82.93%, compared to 3.00% for the industry. Revenue growth from the last financial year stood is estimated to be 8.87%.
7 analysts offering their estimates for the company have set an average revenue estimate of 96.31M for the current quarter. 4 have an estimated revenue figure of 92.97M for the next ending quarter. Year-ago sales stood 90.26M and 86.22M respectively for this quarter and the next, and analysts expect sales will grow by 6.70% for the current quarter and 8.87% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -4.76% over the past 5 years. Earnings growth for 2024 is a modest 82.99% while over the next 5 years, the company’s earnings are expected to increase by 46.40%.
HNST Dividends
Honest Company Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Honest Company Inc (NASDAQ:HNST)’s Major holders
Insiders own 13.49% of the company shares, while shares held by institutions stand at 66.81% with a share float percentage of 77.23%. Investors are also buoyed by the number of investors in a company, with Honest Company Inc having a total of 184.0 institutions that hold shares in the company. The top two institutional holders are CATTERTON MANAGEMENT COMPANY, L.L.C. with over 12.17 million shares worth more than $35.54 million. As of 2024-06-30, CATTERTON MANAGEMENT COMPANY, L.L.C. held 12.6409% of shares outstanding.
The other major institutional holder is PORTOLAN CAPITAL MANAGEMENT, LLC, with the holding of over 8.11 million shares as of 2024-06-30. The firm’s total holdings are worth over $23.67 million and represent 8.4191% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Strategic Advisors Small-Mid Cap Fund and Fidelity Rutland Square Tr II-Strategic Advisers U.S. Total Stock Fd . As of Jul 31, 2024 , the former fund manager holds about 4.20% shares in the company for having 4.25 shares of worth $35.32 million while later fund manager owns 3.95 shares of worth $32.85 million as of Aug 31, 2024 , which makes it owner of about 3.91% of company’s outstanding stock.
