While Honest Company Inc has underperformed by -3.84%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HNST rose by 245.26%, with highs and lows ranging from $8.97 to $2.22, whereas the simple moving average jumped by 111.07% in the last 200 days.
On November 13, 2024, Telsey Advisory Group Reiterated Honest Company Inc (NASDAQ: HNST) to Market Perform. A report published by Alliance Global Partners on November 13, 2024, Reiterated its previous ‘Buy’ rating for HNST. B. Riley Securities also rated HNST shares as ‘Buy’, setting a target price of $6.50 on the company’s shares in an initiating report dated September 10, 2024. Northland Capital Initiated an Outperform rating on August 06, 2024, and assigned a price target of $6. Loop Capital June 25, 2024d its ‘Hold’ rating to ‘Buy’ for HNST, as published in its report on June 25, 2024. Lake Street’s report from April 04, 2024 suggests a price prediction of $6 for HNST shares, giving the stock a ‘Buy’ rating. Alliance Global Partners also rated the stock as ‘Buy’.
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Analysis of Honest Company Inc (HNST)
Further, the quarter-over-quarter increase in sales is 15.32%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Honest Company Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -3.29% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.64, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and HNST is recording an average volume of 2.71M. On a monthly basis, the volatility of the stock is set at 7.85%, whereas on a weekly basis, it is put at 6.16%, with a loss of -6.53% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.86, showing decline from the present price of $8.01, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 28.37%. 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 49.55% 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 49.55% at present.
