While Honest Company Inc has underperformed by -1.04%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HNST rose by 96.37%, with highs and lows ranging from $4.89 to $1.06, whereas the simple moving average jumped by 71.06% in the last 200 days.
On April 04, 2024, Lake Street started tracking Honest Company Inc (NASDAQ: HNST) recommending Buy. A report published by Alliance Global Partners on February 06, 2024, Initiated its previous ‘Buy’ rating for HNST. Telsey Advisory Group also Downgraded HNST shares as ‘Market Perform’, setting a target price of $2 on the company’s shares in a report dated March 17, 2023. Loop Capital June 09, 2022d the rating to Hold on June 09, 2022, and set its price target from $5 to $3. BofA Securities March 28, 2022d its ‘Neutral’ rating to ‘Underperform’ for HNST, as published in its report on March 28, 2022. Jefferies’s report from March 25, 2022 suggests a price prediction of $5 for HNST shares, giving the stock a ‘Hold’ rating. Guggenheim also rated the stock as ‘Neutral’.
Analysis of Honest Company Inc (HNST)
Further, the quarter-over-quarter increase in sales is 10.27%, showing a positive trend in the upcoming months.
Honest Company Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -29.12% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.48, 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and HNST is registering an average volume of 1.00M. On a monthly basis, the volatility of the stock is set at 9.50%, whereas on a weekly basis, it is put at 6.32%, with a loss of -6.42% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.95, showing growth from the present price of $3.79, 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?
Besides checking the fundamentals, you should also know 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 38.45%. 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 32.02% 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 32.02% at present.
