Honest Company Inc (NASDAQ:HNST) shares, rose in value on Wednesday, March 26, with the stock price down by -1.58% to the previous day’s close as strong demand from buyers drove the stock to $4.99.
Actively observing the price movement in the last trading, the stock closed the session at $5.07, falling within a range of $4.93 and $5.1017. The value of beta (5-year monthly) was 2.452. Referring to stock’s 52-week performance, its high was $8.97, and the low was $2.40. On the whole, HNST has fluctuated by -10.41% over the past month.
With the market capitalization of Honest Company Inc currently standing at about $543.47 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-25.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 397.7M, with a low estimate of 91.8M and a high estimate of 93.16M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 92.3M.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of HNST currently trading nearly -0.94% and -12.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.18, while the 7-day volatility ratio is showing 3.15% which for the 30-day chart, stands at 5.67%. Furthermore, Honest Company Inc (HNST)’s beta value is 2.44, and its average true range (ATR) is 0.27.
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 -1.58% in last session, and over the past year, it grew by 19.09%%.
Data on historical trading for Honest Company Inc (NASDAQ:HNST) indicates that the trading volumes over the past 10 days have averaged 2.38 and over the past 3 months, they’ve averaged 2.60 million. According to company’s latest data on outstanding shares, there are 109.16 million shares outstanding.
Nearly 17.50% of Honest Company Inc’s shares belong to company insiders and institutional investors own 61.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.73 million shares as on 2025-03-14, resulting in a short ratio of 1.41. According to the data, the short interest in Honest Company Inc (HNST) stood at 519.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 4.73 million. The stock has fallen by -27.99% 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.
