In the last trading session, 3.35 million Honest Company Inc (NASDAQ:HNST) shares changed hands as the company’s beta touched 2.42. With the company’s per share price at $8.33 changed hands at $0.04 or 0.48% during last session, the market valuation stood at $852.32M. HNST’s last price was a discount, traded about -7.68% off its 52-week high of $8.97. The share price had its 52-week low at $2.02, which suggests the last value was 75.75% up since then. When we look at Honest Company Inc’s average trading volume, we note the 10-day average is 5.15 million shares, with the 3-month average coming to 2.68 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 was in green as seen at the end of in last trading. With action 2.21%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 152.42%, with the 5-day performance at 2.21% in the green. However, in the 30-day time frame, Honest Company Inc (NASDAQ:HNST) is 123.92% up. Looking at the short shares, we see there were 1.67 million shares sold at short interest cover period of 0.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need a downside of -38.83% from its current 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 15.97% surge from its current level, while the stock would need to tank 54.98% 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 207.38% over the past 6 months, a 82.93% in annual growth rate that is considerably higher than the industry average of 2.20%.
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 82.99%, 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 in January.
Honest Company Inc (NASDAQ:HNST)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.92% of Honest Company Inc shares while 61.36% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 71.29%. There are 61.36% 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.
