Hims & Hers Health Inc (NYSE:HIMS) price on Tuesday, December 24, rose 1.99% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $28.15.
A look at the stock’s price movement, the close in the last trading session was $27.60, moving within a range at $27.38 and $28.29. The beta value (5-Year monthly) was 1.062 while the PE ratio in trailing twelve months stood at 65.12. Turning to its 52-week performance, $35.02 and $8.09 were the 52-week high and 52-week low respectively. Overall, HIMS moved 11.09% over the past month.
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Hims & Hers Health Inc’s market cap currently stands at around $6.27 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 469.49M for the company’s revenue for the quarter, with a low and high estimate of 466.86M and 475.3M respectively. The average forecast suggests up to a 90.37% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.46B, representing a 67.55% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HIMS is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
13 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 7 recommend HIMS as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HIMS’s current price about -7.56% and 8.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.76, while 7-day volatility ratio is 8.28% and 9.62% in the 30-day chart. Further, Hims & Hers Health Inc (HIMS) has a beta value of 1.27, and an average true range (ATR) of 2.64. Analysts have given the company’s stock an average 52-week price target of $23, forecast between a low of $18 and high of $38. Looking at the price targets, the low is 36.06% off current price level while to achieve the yearly target high, price needs to move -34.99%. Nonetheless, investors will most likely welcome a 18.29% jump to $23 which is the analysts’ median price.
If we refocus on Hims & Hers Health Inc (NYSE:HIMS), historical trading data shows that trading volumes averaged 13.15 over the past 10 days and 16.76 million over the past 3 months. The company’s latest data on shares outstanding shows there are 209.44 million shares.
The 18.80% of Hims & Hers Health Inc’s shares are in the hands of company insiders while institutional holders own 56.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 42.62 million on 2024-11-29, giving us a short ratio of 1.73. The data shows that as of 2024-11-29 short interest in Hims & Hers Health Inc (HIMS) stood at 2221.9999 of shares outstanding, with shares short rising to 33.84 million registered in 2024-10-31. Current price change has pushed the stock 216.18% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HIMS stock continues to rise going into the next quarter.
