Honest Company Inc (NASDAQ:HNST) price on current trading day, fall -0.47% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.03.
A look at the stock’s price movement, the level at last check in today’s session was $5.05, moving within a range at $4.97 and $5.0795. The beta value (5-Year monthly) was 2.452. Turning to its 52-week performance, $8.97 and $2.40 were the 52-week high and 52-week low respectively. Overall, HNST moved -18.80% over the past month.
Honest Company Inc’s market cap currently stands at around $547.41 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 92.3M for the company’s revenue for the quarter, with a low and high estimate of 91.8M and 93.16M respectively. The average forecast suggests up to a 7.05% 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 397.7M, representing a 5.12% 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 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 -2.57% and -13.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.31, while 7-day volatility ratio is 4.08% and 6.20% in the 30-day chart. Further, Honest Company Inc (HNST) has a beta value of 2.42, and an average true range (ATR) of 0.30. 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 -39.17% off recent price level in today’s trading while to achieve the yearly target high, it has to move -39.17%. Nonetheless, investors will most likely welcome a -39.17% 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 2.84 over the past 10 days and 2.63 million over the past 3 months. The company’s latest data on shares outstanding shows there are 109.16 million shares.
The 17.42% of Honest Company Inc’s shares are in the hands of company insiders while institutional holders own 61.76% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.75 million on 2025-02-28, giving us a short ratio of 2.11. The data shows that as of 2025-02-28 short interest in Honest Company Inc (HNST) stood at 630.0 of shares outstanding, with shares short rising to 4.86 million registered in 2025-01-31. Current price change has pushed the stock -27.47% 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.
