While Honest Company Inc has underperformed by -0.67%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HNST rose by 40.76%, with highs and lows ranging from $8.97 to $2.40, whereas the simple moving average fell by -11.56% in the last 200 days.
On January 10, 2025, Telsey Advisory Group Reiterated Honest Company Inc (NASDAQ: HNST) to Market Perform. A report published by Loop Capital on December 17, 2024, Downgraded its rating to ‘Hold’ for HNST. Telsey Advisory Group also reiterated HNST shares as ‘Market Perform’, quoting a target price of $6 on the company’s shares in a report dated November 13, 2024. Alliance Global Partners Reiterated the rating as Buy on November 13, 2024, but set its price target from $5.75 to $8. B. Riley Securities initiated its ‘Buy’ rating for HNST, as published in its report on September 10, 2024. Northland Capital’s report from August 06, 2024 suggests a price prediction of $6 for HNST shares, giving the stock a ‘Outperform’ rating. Loop Capital also rated the stock as ‘Buy’.
Analysis of Honest Company Inc (HNST)
Further, the quarter-over-quarter increase in sales is 10.61%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Honest Company Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -4.12% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.14, 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.
An average volume of 2.65M can be a very valuable indicator of volatility for HNST stock. On a monthly basis, the volatility of the stock is set at 6.16%, whereas on a weekly basis, it is put at 4.65%, with a loss of -4.33% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.42, showing growth from the present price of $4.42, 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 the fundamentals, you should also consider how many employees own shares in the company. 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 17.13%. 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 61.75% 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 61.75% at present.
