Hims & Hers Health Inc (NYSE: HIMS): To Buy Or Not To Buy, That Is The Question

Hims & Hers Health Inc (HIMS) concluded trading on Wednesday at a closing price of $15.51, with 7.34 million shares of worth about $113.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 140.47% during that period and on April 3, 2024 the price saw a gain of about 3.47%. Currently the company’s common shares owned by public are about 205.10M shares, out of which, 138.71M shares are available for trading.

Stock saw a price change of -1.96% in past 5 days and over the past one month there was a price change of 5.51%. Year-to-date (YTD), HIMS shares are showing a performance of 74.27% which increased to 56.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.65 but also hit the highest price of $17.16 during that period. The average intraday trading volume for Hims & Hers Health Inc shares is 4.63 million. The stock is currently trading 1.72% above its 20-day simple moving average (SMA20), while that difference is up 27.98% for SMA50 and it goes to 77.55% higher than SMA200.

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Hims & Hers Health Inc (NYSE: HIMS) currently have 205.10M outstanding shares and institutions hold larger chunk of about 38.58% of that.

The stock has a current market capitalization of $3.32B and its 3Y-monthly beta is at 0.91. It has posted earnings per share of -$0.11 in the same period. It has Quick Ratio of 2.74 while making debt-to-equity ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HIMS, volatility over the week remained 5.15% while standing at 5.58% over the month.

Analysts are in expectations that Hims & Hers Health Inc (HIMS) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.01 and it is $0.2 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is $0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 204.85% while it is estimated to increase by 278.06% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Imperial Capital on February 28, 2024 offering an Outperform rating for the stock and assigned a target price of $16 to it. Coverage by Leerink Partners stated Hims & Hers Health Inc (HIMS) stock as a Market perform in their note to investors on February 26, 2024, suggesting a price target of $10 for the stock. On December 07, 2023, Imperial Capital Initiated their recommendations, while on July 28, 2023, TD Cowen Initiated their ratings for the stock with a price target of $11. Stock get a Neutral rating from Robert W. Baird on April 11, 2023.

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