Reviewing The Case For Honest Company Inc (HNST) Going Higher

Currently, there are 95.87M common shares owned by the public and among those 66.85M shares have been available to trade.

The company’s stock has a 5-day price change of 48.15% and 71.43% over the past three months. HNST shares are trading 118.18% year to date (YTD), with the 12-month market performance up to 403.50% higher. It has a 12-month low price of $1.40 and touched a high of $7.14 over the same period. HNST has an average intraday trading volume of 2.12 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 59.15%, 78.67%, and 102.43% respectively.

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Institutional ownership of Honest Company Inc (NASDAQ: HNST) shares accounts for 49.44% of the company’s 95.87M shares outstanding.

It has a market capitalization of $772.77M and a beta (3y monthly) value of 2.02. The earnings-per-share (ttm) stands at -$0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.25% over the week and 6.61% over the month.

Earnings per share for the fiscal year are expected to increase by 82.99%, and 140.00% 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. Telsey Advisory Group stated their Market Perform rating for the stock in a research note on November 13, 2024, with the firm’s price target at $4-$6. Alliance Global Partners coverage for the Honest Company Inc (HNST) stock in a research note released on November 13, 2024 offered a Buy rating with a price target of $8. B. Riley Securities was of a view on September 10, 2024 that the stock is Buy, while Northland Capital gave the stock Outperform rating on August 06, 2024, issuing a price target of $6. Loop Capital on their part issued Buy rating on June 25, 2024.

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