Honest Company Inc (NASDAQ:HNST) price on current trading day, rose 1.97% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.68.
A look at the stock’s price movement, the close in the last trading session was $5.57. Turning to its 52-week performance, $8.97 and $2.40 were the 52-week high and 52-week low respectively. Overall, HNST moved -5.96% over the past month.
Honest Company Inc’s market cap currently stands at around $573.46 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 93.52M for the company’s revenue for the quarter, with a low and high estimate of 90.53M and 97.12M respectively. The average forecast suggests up to a 8.47% 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 396.86M, representing a 4.90% 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 HNST is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
4 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 0 analyst(s) rate the stock as a Hold, 4 recommend HNST as a Buy and 0 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.
HNST’s current price about -6.92% and -10.89% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.32, while 7-day volatility ratio is 5.50% and 4.99% in the 30-day chart. Further, Honest Company Inc (HNST) has a beta value of 2.45, and an average true range (ATR) of 0.32. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $7 and high of $7. Looking at the price targets, the low is -23.24% off current price level while to achieve the yearly target high, price needs to move -23.24%. Nonetheless, investors will most likely welcome a -23.24% jump to $7 which is the analysts’ median price.
If we refocus on Honest Company Inc (NASDAQ:HNST), historical trading data shows that trading volumes averaged 2.58 million over the past 3 months. The company’s latest data on shares outstanding shows there are 101.20 million shares.
The 18.04% of Honest Company Inc’s shares are in the hands of company insiders while institutional holders own 66.60% of the company’s shares. Current price change has pushed the stock -18.04% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HNST stock continues to rise going into the next quarter.
