An analyst sees good growth prospects for Honest Company Inc (HNST)

With 1.23 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.2 million shares. During the session, the Household & Personal Products company that operates in wider Consumer Defensive sector, reached to the highest price of $6.91 whereas the lowest price it dropped to was $6.66. The 52-week range on HNST shows that it touched its highest point at $8.97 and its lowest point at $2.40 during that stretch. It currently has a 1-year price target of $7.14. Beta for the stock currently stands at 2.45.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HNST was down-trending over the past week, with a drop of -2.40%, but this was down by -15.09% over a month. Three-month performance surged to 93.30% while six-month performance rose 137.80%. The stock gained 120.38% in the past year, while it has gained 109.70% so far this year. A look at the trailing 12-month EPS for HNST yields -0.04 with Next year EPS estimates of 0.02. For the next quarter, that number is -0.02. This implies an EPS growth rate of 82.98% for this year and 125.72% for next year. EPS is expected to grow by 46.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.76%.

Float and Shares Shorts:

At present, 101.20 million HNST shares are outstanding with a float of 72.97 million shares on hand for trading. On 2024-11-29, short shares totaled 1.48 million, which was 147.0 higher than short shares on 1730332800. In addition to Ms. Carla Vernon as the firm’s CEO & Director, Ms. Jessica Marie Warren serves as its Founder & Director.

Institutional Ownership:

Through their ownership of 0.61393 of HNST’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, HNST reported revenue of $99237000.0 and operating income of $57000.0. The EBITDA in the recently reported quarter was $763000.0 and diluted EPS was $0.001578.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HNST since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HNST analysts setting a high price target of 9.5 and a low target of 5.5, the average target price over the next 12 months is 7.14286. Based on these targets, HNST could surge 38.08% to reach the target high and fall by -20.06% to reach the target low. Reaching the average price target will result in a growth of 3.82% from current levels.

Analysts have provided yearly estimates in a range of -$0.06126771 being high and -$0.09190157 being low. For HNST, this leads to a yearly average estimate of -$0.071479.