Honest Company Inc (NASDAQ:HNST) shares, rose in value on Wednesday, November 20, with price down by -0.96% to the previous day’s close as strong demand from buyers drove the stock to $7.25.
Actively observing the price movement in the last trading, the stock closed the session at $7.32, falling within a range of $7.0 and $7.275. The value of beta (5-year monthly) was 1.846. Referring to stock’s 52-week performance, its high was $7.57, and the low was $1.47. On the whole, HNST has fluctuated by 95.95% over the past month.
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With the market capitalization of Honest Company Inc currently standing at about $731.97 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HNST’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of HNST currently trading nearly 48.32% and 74.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 88.65, while the 7-day volatility ratio is showing 8.78% which for the 30-day chart, stands at 6.82%. Furthermore, Honest Company Inc (HNST)’s beta value is 2.12, and its average true range (ATR) is 0.42.
A comparison of Honest Company Inc (HNST) with its peers suggests the former has fared considerably weaker in the market. HNST showed an intraday change of -0.96% in last session, and over the past year, it grew by 353.12%%.
Data on historical trading for Honest Company Inc (NASDAQ:HNST) indicates that the trading volumes over the past 10 days have averaged 6.64 and over the past 3 months, they’ve averaged 2.27 million. According to company’s latest data on outstanding shares, there are 95.87 million shares outstanding.
Nearly 28.56% of Honest Company Inc’s shares belong to company insiders and institutional investors own 49.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.0 million shares as on 2024-10-31, resulting in a short ratio of 1.04. According to the data, the short interest in Honest Company Inc (HNST) stood at 242.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 2.26 million. The stock has risen by 119.70% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HNST stock heading into the next quarter.
