Hims & Hers Health Inc (NYSE: HIMS) Is Down -2.72% – Is It A Buying Opportunity?

Hims & Hers Health Inc (NYSE:HIMS) traded at $22.15 at last check on Wednesday, July 24, made a downward move of -2.72% on its previous day’s price.

Looking at the stock we see that its previous close was $22.77 . In terms of its 52-week price range, HIMS has a high of $25.74 and a low of $5.65.

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Hims & Hers Health Inc has a market cap of $4.76 billion.

Based on estimates by 12 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Hims & Hers Health Inc (HIMS) stock as a Hold, while 6 rate it as a Buy. 1 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 4.52% off its SMA20 and 10.17% from its 50-day simple moving average. The RSI (14) is pointing at 54.45 while the volatility over the past week is 9.52% and jumps to 6.84% over the past one month. The beta value is 1.08, while the average true range (ATR) is currently pointing at 1.53. The average price target for the stock over the next 12 months is $13, with the estimates having a low of $5 and a high of $24. These price ends are 77.43% and -8.35% off the today’s price level respectively, although investors could be excited at the prospect of a 41.31% if the HIMS share price touches on the median price of $13.

Coming back to Hims & Hers Health Inc (NYSE:HIMS), we note that the average 3-month trading volume was 11.00 million, while that of the preceding 10-day period stands at 8.26 million. Current shares outstanding are 205.10 million.

The insiders hold 29.78% of the company’s shares while institutions hold 47.19%. The data shows that short shares as of 2024-06-28, stood at 17.56 million at a short ratio of 1.37. This represents a 9.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.349.34 short interest in shares outstanding on 2024-06-28. Shares short fall in June from the previous month at 21.16 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 148.88% up in year-to-date price movement.

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