The Honest Company Inc. (NASDAQ:HNST) saw a downside of -1.45% to $1.39 after subtracting -$0.02 on Monday. The 5-day average trading volume is 675,924 shares of the company’s common stock. It has gained $1.5090 in the past week and touched a new high 1 time within the past 5 days. An average of 604,481 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 906,470.
HNST’s 1-month performance is -16.80% or -$0.2900 on its low of $1.3500 reached on 08/07/23. The company’s shares have touched a 52-week low of $1.40 and high of $4.51, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, HNST has lost -53.84% or -$1.6300 and has reached a new high 7 times. However, the current price is down -69.22% from the 52-week high price.
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Insider Transactions
HNST stock investors last saw insider trading activity on Jul 28.Kennedy Kelly J. (EVP and CFO) most recently sold 1,260 shares at $1.47 per share on Jul 28. This transaction cost the insider $1,852. Chief Revenue Officer, Rexing Rick, sold 9,961 shares at a price of $1.66 on Jul 03. Then, on Jul 03, Chief People Officer Hoyt Janis sold 8,755 shares at a price of $1.66 per share. This transaction amounted to $14,533.
Valuation Metrics
HNST stock has a beta of 0.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.40 while the price-to-book (PB) in the most recent quarter is 0.99.
The Honest Company Inc.’s quick ratio for the period ended March 30 was 1.20, with the current ratio over the same period at 3.00. In terms of profitability, the gross margin trailing 12 months is 28.00%. The trailing 12-month EBITDA margin is -12.01% while for the period ending March 30, The Honest Company Inc.’s operating margin was -16.40%. The firm’s gross profit as reported stood at $92.31 million against revenue of $313.65 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 22.47% to -$18.87 million, while revenue of -$12.59 million was 33.28% off the previous quarter. Analysts expected HNST to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.2, representing a -53.80% surprise. EBITDA for the quarter stood at more than -$17.99 million. HNST stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 82.16 million, with total debt at $35.71 million. Shareholders hold equity totaling $93.43 million.
Let’s look briefly at The Honest Company Inc. (HNST) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 24.94% to suggest the stock is trending oversold, with historical volatility in this time period at 38.88%.
The stock’s 5-day moving average is $1.4320, reflecting a -8.61% or -$0.1300 change from its current price. HNST is currently trading -17.86% above its 20-day SMA, -49.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -8.00% and SMA200 by-60.57%.
Stochastic %K and %D was 10.46% and 11.89% and the average true range (ATR) pointed at 0.0715. The RSI (14) points at 32.20%, while the 14-day stochastic is at 7.89% with the period’s ATR at 0.0782. The stock’s 9-day MACD Oscillator is pointing at -0.0600 and -0.1017 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The Honest Company Inc. (NASDAQ: HNST), Telsey Advisory Group downgraded it to a Market perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for HNST stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate HNST as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is HNST’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.00 and a high of $2.00, with their median price target at $2.00. Looking at these predictions, the average price target given by analysts is for The Honest Company Inc. (HNST) stock is $2.00.
