Honest Company Inc (NASDAQ:HNST) marked $1.60 per share on Monday, up from a previous closing price of $1.50. While Honest Company Inc has overperformed by 6.67%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HNST fell by -50.77%, with highs and lows ranging from $3.75 to $1.06, whereas the simple moving average fell by -7.07% in the last 200 days.
On March 17, 2023, Telsey Advisory Group Downgraded Honest Company Inc (NASDAQ: HNST) to Market Perform.
Analysis of Honest Company Inc (HNST)
Further, the quarter-over-quarter increase in sales is 1.74%, 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 -38.51% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.36, 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 679.61K can be a very valuable indicator of volatility for HNST stock. On a monthly basis, the volatility of the stock is set at 8.74%, whereas on a weekly basis, it is put at 8.60%, with a gain of 14.70% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.62, showing growth from the present price of $1.60, 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 39.16%. 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 29.28% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in HNST shares?
The recent increase in stakes in HNST appears to be a result of several institutional investors and hedge funds increasing their positions. Portolan Capital Management LLC’s position in HNST has increased by 21.79% in the first quarter. The company now owns 7,095,304 shares of the stock, with a value of $8.23 million, following the purchase of 1,269,654 additional shares during the last quarter. During the last quarter, the company picked up 3,652,656 additional shares for a total stake of worth $4.24 million, bringing number of shares owned by the company to 3,652,656.
At the end of the first quarter, Columbia Management Investment Ad decreased its HNST holdings by -0.35% and now holds 2.23 million HNST shares valued at $2.59 million with the lessened 7909.0 shares during the period. HNST shares are owned by institutional investors to the tune of 29.28% at present.