Honest Company Inc (NASDAQ: HNST) Could Increase In Price By -45.83% Or More

Honest Company Inc (NASDAQ:HNST)’s traded shares stood at 1.36 million during the latest session, with the company’s beta value hitting 2.33. At the last check today, the stock’s price was $4.8, to imply an increase of 4.68% or $0.21 in intraday trading. The HNST share’s 52-week high remains $8.97, putting it -86.88% down since that peak but still an impressive 37.71% since price per share fell to its 52-week low of $2.99. The company has a valuation of $529.69M, with an average of 2.77 million shares in intraday trading volume over the past 10 days and average of 2.61 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 1.57. 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.

Honest Company Inc (NASDAQ:HNST) trade information

After registering a 4.68% 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 4.46%, and -0.31% over 30 days. With these gigs, the year-to-date price performance is 25.79%. Short interest in Honest Company Inc (NASDAQ:HNST) saw shorts transact 9.79 million shares and set a 3.81 days time to cover.

The extremes give us $3.75 and $7 for target low and target high price respectively. As such, HNST has been trading -45.83% off suggested target high and 21.87% from its likely low.

HNST Dividends

Honest Company Inc has its next earnings report out on 2025-May-07. 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 13.27% of total outstanding shares, with institutional holders owning 62.44% of the shares at 72.00% float percentage. In total, 62.44% 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 12.2829% 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 8.1807% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $23.67 million.

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