Technical Outlook And Game Plan For Hims & Hers Health Inc (NYSE: HIMS)

Hims & Hers Health Inc (HIMS) concluded trading on Wednesday at a closing price of $12.51, with 4.81 million shares of worth about $60.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 116.44% during that period and on May 01, 2024 the price saw a loss of about -0.16%. Currently the company’s common shares owned by public are about 205.10M shares, out of which, 139.59M shares are available for trading.

Stock saw a price change of 1.38% in past 5 days and over the past one month there was a price change of -16.54%. Year-to-date (YTD), HIMS shares are showing a performance of 40.56% which increased to 4.08% 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 5.12 million. The stock is currently trading -6.01% below its 20-day simple moving average (SMA20), while that difference is down -8.95% for SMA50 and it goes to 35.97% 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 38.57% of that.

The stock has a current market capitalization of $2.68B and its 3Y-monthly beta is at 0.96. 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 4.21% while standing at 5.03% 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 $0.21 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is $0.03 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 200.87% while it is estimated to increase by 267.30% 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 Jefferies on April 16, 2024 offering a Hold rating for the stock and assigned a target price range of between $17 and $15 to it. Coverage by Canaccord Genuity stated Hims & Hers Health Inc (HIMS) stock as a Buy in their note to investors on April 10, 2024, suggesting a price target of $20 for the stock. On February 28, 2024, Imperial Capital Upgrade their recommendations, while on February 26, 2024, Leerink Partners Initiated their ratings for the stock with a price target of $10. Stock get an In-line rating from Imperial Capital on December 07, 2023.

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