The Honest Company Inc. Common Stock (NASDAQ:HNST) went down by -3.21% from its latest closing price compared to the recent 1-year high of $6.85. The company’s stock price has collected -12.58% of loss in the last five trading sessions. Barron’s reported on 05/13/22 that Honest Co. Revenue Declines as Consumers Return to Stores
Is It Worth Investing in The Honest Company Inc. Common Stock (NASDAQ :HNST) Right Now?
Opinions of the stock are interesting as 3 analysts out of 6 who provided ratings for The Honest Company Inc. Common Stock declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $4.25, which is $1.54 above the current price. HNST currently public float of 85.33M and currently shorts hold a 4.07% ratio of that float. Today, the average trading volume of HNST was 1.09M shares.
HNST’s Market Performance
HNST stocks went down by -12.58% for the week, with a monthly drop of -8.45% and a quarterly performance of -15.58%, while its annual performance rate touched -54.45%. The volatility ratio for the week stands at 5.16% while the volatility levels for the past 30 days are set at 5.68% for The Honest Company Inc. Common Stock. The simple moving average for the period of the last 20 days is -8.85% for HNST stocks with a simple moving average of -20.55% for the last 200 days.
Analysts’ Opinion of HNST
Many brokerage firms have already submitted their reports for HNST stocks, with Loop Capital repeating the rating for HNST by listing it as a “Hold.” The predicted price for HNST in the upcoming period, according to Loop Capital is $3 based on the research report published on June 09th of the previous year 2022.
BofA Securities, on the other hand, stated in their research note that they expect to see HNST reach a price target of $6.50, previously predicting the price at $13. The rating they have provided for HNST stocks is “Underperform” according to the report published on March 28th, 2022.
Jefferies gave a rating of “Hold” to HNST, setting the target price at $5 in the report published on March 25th of the previous year.
HNST Trading at -8.34% from the 50-Day Moving Average
After a stumble in the market that brought HNST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.44% of loss for the given period.
Volatility was left at 5.68%, however, over the last 30 days, the volatility rate increased by 5.16%, as shares sank -8.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.42% lower at present.
During the last 5 trading sessions, HNST fell by -12.58%, which changed the moving average for the period of 200-days by -42.58% in comparison to the 20-day moving average, which settled at $2.96. In addition, The Honest Company Inc. Common Stock saw -9.97% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at HNST starting from Warren Jessica, who sale 24,850 shares at the price of $2.94 back on Jan 04. After this action, Warren Jessica now owns 573,611 shares of The Honest Company Inc. Common Stock, valued at $73,059 using the latest closing price.
Rexing Rick, the Chief Revenue Officer of The Honest Company Inc. Common Stock, sale 7,491 shares at $2.98 during a trade that took place back on Jan 03, which means that Rexing Rick is holding 329,377 shares at $22,323 based on the most recent closing price.
Stock Fundamentals for HNST
Current profitability levels for the company are sitting at:
- -11.56 for the present operating margin
- +33.67 for the gross margin
The net margin for The Honest Company Inc. Common Stock stands at -3.04. Equity return is now at value -22.30, with -14.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 4.39.