Honest Company Inc (NASDAQ:HNST)’s traded shares stood at 0.83 million during the latest session, with the company’s beta value hitting 2.42. At the last check today, the stock’s price was $8.53, to imply an increase of 1.61% or $0.13 in intraday trading. The HNST share’s 52-week high remains $8.97, putting it -5.16% down since that peak but still an impressive 73.97% since price per share fell to its 52-week low of $2.22. The company has a valuation of $861.71M, with an average of 3.97 million shares in intraday trading volume over the past 10 days and average of 2.78 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Honest Company Inc (HNST), translating to a mean rating of 1.50. Of 4 analyst(s) looking at the stock, 0 analyst(s) give HNST a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.03.
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Honest Company Inc (NASDAQ:HNST) trade information
After registering a 1.61% upside in the latest session, Honest Company Inc (HNST) has traded red over the past five days. The 5-day price performance for the stock is 2.96%, and 106.16% over 30 days. With these gigs, the year-to-date price performance is 158.64%. Short interest in Honest Company Inc (NASDAQ:HNST) saw shorts transact 1.67 million shares and set a 0.5 days time to cover.
The extremes give us $7 and $7 for target low and target high price respectively. As such, HNST has been trading 17.94% off suggested target high and 17.94% from its likely low.
Honest Company Inc (HNST) estimates and forecasts
Looking at statistics comparing Honest Company Inc share performance against respective industry, we note that the company has outperformed competitors. Honest Company Inc (HNST) shares are 230.81% up over the last 6 months, with its year-to-date growth rate higher than industry average at 82.93% against 1.50%. The rating firms project that company’s revenue will grow 8.87% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 96.31M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 92.96M.Earnings reports from the last fiscal year show that sales brought in 90.26M and 86.22M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6.70% before jumping 7.82% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -4.76% for the past 5-year period. While 2024 is set for a 82.99% return in earnings, projections for the next 5 years are at 46.40% annually.
HNST Dividends
Honest Company Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Honest Company Inc (NASDAQ:HNST)’s Major holders
Honest Company Inc insiders hold 13.92% of total outstanding shares, with institutional holders owning 61.37% of the shares at 71.30% float percentage. In total, 61.37% institutions holds shares in the company, led by CATTERTON MANAGEMENT COMPANY, L.L.C. As of 2024-06-30, the company held over 12.17 million shares (or 12.6409% of shares), all amounting to roughly $35.54 million.
The next major institution holding the largest number of shares is PORTOLAN CAPITAL MANAGEMENT, LLC with 8.11 million shares, or about 8.4191% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $23.67 million.
We also have Fidelity Strategic Advisors Small-Mid Cap Fund and Fidelity Rutland Square Tr II-Strategic Advisers U.S. Total Stock Fd as the top two Mutual Funds with the largest holdings of the Honest Company Inc (HNST) shares. Going by data provided on Jul 31, 2024, Fidelity Strategic Advisors Small-Mid Cap Fund holds roughly 4.25 shares. This is just over 4.20% of the total shares, with a market valuation of $36.27 million. Data from the same date shows that the other fund manager holds a little less at 3.95, or 3.91% of the shares, all valued at about 33.74 million.
