In the last trading session, 2.57 million shares of the Honest Company Inc (NASDAQ:HNST) were traded, and its beta was 2.42. Most recently the company’s share price was $7.89, and it changed around -$0.33 or -4.01% from the last close, which brings the market valuation of the company to $779.51M. HNST currently trades at a discount to its 52-week high of $8.97, offering almost -13.69% off that amount. The share price’s 52-week low was $2.23, which indicates that the current value has risen by an impressive 71.74% since then. We note from Honest Company Inc’s average daily trading volume that its 10-day average is 3.8 million shares, with the 3-month average coming to 2.80 million.
Honest Company Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended HNST as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.
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Honest Company Inc (NASDAQ:HNST) trade information
Instantly HNST has showed a red trend with a performance of -4.01% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.87 on recent trading dayincreased the stock’s daily price by 11.05%. The company’s shares are currently up 139.09% year-to-date, but still down -5.28% over the last five days. On the other hand, Honest Company Inc (NASDAQ:HNST) is 86.97% up in the 30-day period. We can see from the shorts that 1.67 million shares have been sold at a short interest cover period of 0.5 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to decrease their stock price by -12.71% from its current value. Analyst projections state that HNST is forecast to be at a low of $7 and a high of $7.
Honest Company Inc (HNST) estimates and forecasts
Honest Company Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 207.00 percent over the past six months and at a 82.93% annual growth rate that is well above the industry average of 1.50%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -4.76%. Honest Company Inc earnings are expected to increase by 82.99% in 2024, but the outlook is positive 46.40% per year for the next five years.
HNST Dividends
Honest Company Inc’s next quarterly earnings report is expected to be released in January.
Honest Company Inc (NASDAQ:HNST)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.92% of Honest Company Inc shares, and 61.37% of them are in the hands of institutional investors. The stock currently has a share float of 71.30%. Honest Company Inc stock is held by 184.0 institutions, with CATTERTON MANAGEMENT COMPANY, L.L.C. being the largest institutional investor. By 2024-06-30, it held 12.6409% of the shares, which is about 12.17 million shares worth $35.54 million.
PORTOLAN CAPITAL MANAGEMENT, LLC, with 8.4191% or 8.11 million shares worth $23.67 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
