Honest Company Inc (NASDAQ: HNST) Is Getting Increasingly Hard To Ignore

Currently, there are 95.87M common shares owned by the public and among those 65.69M shares have been available to trade.

The company’s stock has a 5-day price change of 20.30% and 23.08% over the past three months. HNST shares are trading 45.45% year to date (YTD), with the 12-month market performance up to 224.32% higher. It has a 12-month low price of $1.21 and touched a high of $4.89 over the same period. HNST has an average intraday trading volume of 1.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 21.41%, 25.60%, and 37.88% respectively.

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Institutional ownership of Honest Company Inc (NASDAQ: HNST) shares accounts for 44.41% of the company’s 95.87M shares outstanding.

It has a market capitalization of $480.40M and a beta (3y monthly) value of 1.95. The earnings-per-share (ttm) stands at -$0.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.99% over the week and 5.15% over the month.

Earnings per share for the fiscal year are expected to increase by 75.20%, and 105.54% over the next financial year. EPS should grow at an annualized rate of 46.40% over the next five years, compared to -4.76% over the past 5-year period.

Looking at the support for the HNST, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on September 10, 2024, with the firm’s price target at $6.50. Northland Capital coverage for the Honest Company Inc (HNST) stock in a research note released on August 06, 2024 offered a Outperform rating with a price target of $6. Loop Capital was of a view on June 25, 2024 that the stock is Buy, while Lake Street gave the stock Buy rating on April 04, 2024, issuing a price target of $6. Alliance Global Partners on their part issued Buy rating on February 06, 2024.

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