It is Poised to be a Bull Market for Honest Company Inc (HNST)

With 8.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.72 million shares. During the session, the Household & Personal Products company that operates in wider Consumer Defensive sector, reached to the highest price of $4.8900 whereas the lowest price it dropped to was $3.2355. The 52-week range on HNST shows that it touched its highest point at $3.65 and its lowest point at $1.06 during that stretch. It currently has a 1-year price target of $4.44. Beta for the stock currently stands at 1.74.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HNST was up-trending over the past week, with a rise of 26.77%, but this was up by 19.09% over a month. Three-month performance surged to 67.95% while six-month performance rose 176.76%. The stock gained 37.89% in the past year, while it has gained 19.09% so far this year. A look at the trailing 12-month EPS for HNST yields -0.42 with Next year EPS estimates of -0.10. For the next quarter, that number is -0.08. This implies an EPS growth rate of 60.00% for this year and 42.86% for next year. EPS is expected to grow by 46.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.76%.

Float and Shares Shorts:

At present, 95.87 million HNST shares are outstanding with a float of 56.07 million shares on hand for trading. On Feb 15, 2024, short shares totaled 1.88 million, which was 1.97% higher than short shares on Jan 12, 2024. In addition to HNST as the firm’s The Honest Company, Inc., MNST serves as its Monster Beverage Corporation.

Institutional Ownership:

Through their ownership of 52.97% of HNST’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HNST since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, HNST has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and HNST currently yields $0.00. In the past year, HNST’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, HNST has a current buyback yield of $–. This was $– for the TTM, and it was $– for the past five years.