In recent trading session, Honest Company Inc (NASDAQ:HNST) saw 0.5 million shares changing hands at last check today with its beta currently measuring 2.34. Company’s recent per share price level of $8.08 trading at -$0.1 or -1.22% at last check today assigns it a market valuation of $815.76M. That most recent trading price of HNST’s stock is at a discount of -11.01% from its 52-week high price of $8.97 and is indicating a premium of 77.35% from its 52-week low price of $1.83. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.58 million shares which gives us an average trading volume of 2.61 million if we extend that period to 3-months.
For Honest Company Inc (HNST), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.03 in the current quarter.
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Honest Company Inc (NASDAQ:HNST) trade information
Upright in the red during last session for losing -1.22%, in the last five days HNST remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $8.08 price level, adding 9.92% to its value on the day. Honest Company Inc’s shares saw a change of 144.85% in year-to-date performance and have moved 5.62% in past 5-day. Honest Company Inc (NASDAQ:HNST) showed a performance of 107.18% in past 30-days. Number of shares sold short was 1.67 million shares which calculate 0.5 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a fall of -34.67% to its recent value today. Analysts have been projecting 3.75 as a low price target for the stock while placing it at a high target of 7. It follows that stock’s current price would jump 53.59% in reaching the projected high whereas dropping to the targeted low would mean a gain of 53.59% for stock’s current value.
Honest Company Inc (HNST) estimates and forecasts
Statistics highlight that Honest Company Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 200.37% of value to its shares in past 6 months, showing an annual growth rate of 82.93% while that of industry is 2.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 8.87% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 96.31M for the same. And 4 analysts are in estimates of company making revenue of 92.97M in the next quarter. Company posted 90.26M and 86.22M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -4.76% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 82.99% while estimates for its earnings growth in next 5 years are of 46.40%.
Honest Company Inc (NASDAQ:HNST)’s Major holders
Insiders are in possession of 13.92% of company’s total shares while institution are holding 61.36 percent of that, with stock having share float percentage of 71.29%. Investors also watch the number of corporate investors in a company very closely, which is 61.36% institutions for Honest Company Inc that are currently holding shares of the company. CATTERTON MANAGEMENT COMPANY, L.L.C. is the top institutional holder at HNST for having 12.17 million shares of worth $35.54 million. And as of 2024-06-30, it was holding 12.6409 of the company’s outstanding shares.
The second largest institutional holder is PORTOLAN CAPITAL MANAGEMENT, LLC, which was holding about 8.11 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.4191 of outstanding shares, having a total worth of $23.67 million.
On the other hand, Fidelity Strategic Advisors Small-Mid Cap Fund and Fidelity Rutland Square Tr II-Strategic Advisers U.S. Total Stock Fd are the top two Mutual Funds which own company’s shares. As of Jul 31, 2024 , the former fund manager was holding 4.25 shares of worth $34.85 million or 4.20% of the total outstanding shares. The later fund manager was in possession of 3.95 shares on Aug 31, 2024 , making its stake of worth around $32.42 million in the company or a holder of 3.91% of company’s stock.
