While Honest Company Inc has underperformed by -3.66%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HNST rose by 192.31%, with highs and lows ranging from $4.89 to $1.06, whereas the simple moving average jumped by 1.74% in the last 200 days.
On September 10, 2024, B. Riley Securities started tracking Honest Company Inc (NASDAQ: HNST) recommending Buy. A report published by Northland Capital on August 06, 2024, Initiated its previous ‘Outperform’ rating for HNST. Loop Capital also Upgraded HNST shares as ‘Buy’, setting a target price of $3 on the company’s shares in a report dated June 25, 2024. Lake Street Initiated an Buy rating on April 04, 2024, and assigned a price target of $6. Alliance Global Partners initiated its ‘Buy’ rating for HNST, as published in its report on February 06, 2024. Telsey Advisory Group’s report from March 17, 2023 suggests a price prediction of $2 for HNST shares, giving the stock a ‘Market Perform’ rating. Loop Capital also rated the stock as ‘Hold’.
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Analysis of Honest Company Inc (HNST)
Further, the quarter-over-quarter increase in sales is 10.06%, showing a positive trend in the upcoming months.
Honest Company Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -9.79% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.67, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and HNST has an average volume of 1.37M. On a monthly basis, the volatility of the stock is set at 4.52%, whereas on a weekly basis, it is put at 4.13%, with a loss of -4.20% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.39, showing growth from the present price of $3.42, which can serve as yet another indication of whether HNST is worth investing in or should be passed over.
How Do You Analyze Honest Company Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 36.55%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 41.87% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HNST shares are owned by institutional investors to the tune of 41.87% at present.
