What Has Been Going On With Honest Company Inc (NASDAQ: HNST)?

Honest Company Inc (NASDAQ:HNST) traded at $3.81 at close of the session on Monday, July 22, made an upward move of 4.96% on its previous day’s price.

Looking at the stock we see that its previous close was $3.63 . In terms of its 52-week price range, HNST has a high of $4.89 and a low of $1.06. The company’s stock has gained about 51.79% over that past 30 days.

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Honest Company Inc has a market cap of $375.82 million.

Based on estimates by 4 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Honest Company Inc (HNST) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 24.90% off its SMA20 and 32.48% from its 50-day simple moving average. The RSI (14) is pointing at 70.06 while the volatility over the past week is 9.31% and jumps to 7.03% over the past one month. The beta value is 1.85, while the average true range (ATR) is currently pointing at 0.22. The average price target for the stock over the next 12 months is $3.75, with the estimates having a low of $3 and a high of $6. These price ends are 21.26% and -57.48% off the current price level respectively, although investors could be excited at the prospect of a 1.57% if the HNST share price touches on the median price of $3.75.

Coming back to Honest Company Inc (NASDAQ:HNST), we note that the average 3-month trading volume was 1.10 million, while that of the preceding 10-day period stands at 1.6 million. Current shares outstanding are 95.87 million.

The insiders hold 33.74% of the company’s shares while institutions hold 38.68%. The data shows that short shares as of 2024-06-28, stood at 1.32 million at a short ratio of 1.08. This represents a 1.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.631.63 short interest in shares outstanding on 2024-06-28. Shares short fall in June from the previous month at 1.44 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 15.45% up in year-to-date price movement.

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