Honest Company Inc (NASDAQ: HNST) is 15.45% higher on its value in year-to-date trading and has touched a low of $1.06 and a high of $4.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HNST stock was last observed hovering at around $3.84 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $3.81, the stock is -9.18% and -1.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing -0.78% at the moment leaves the stock 15.77% off its SMA200. HNST registered 204.80% gain for a year compared to 6-month gain of -8.08%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -8.41% loss in the last 1 month and extending the period to 3 months gives it a 51.19%, and is -4.51% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.92% over the week and 5.27% over the month.
Honest Company Inc (HNST) has around 176 employees, a market worth around $381.30M and $355.58M in sales. Profit margin for the company is -3.50%. Distance from 52-week low is 259.43% and -22.09% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.45%).
The EPS is expected to grow by 73.81% this year
162.0 institutions hold shares in Honest Company Inc (HNST), with institutional investors hold 72.87% of the company’s shares. The shares outstanding are 95.87M, and float is at 63.09M with Short Float at 3.86%. Institutions hold 62.53% of the Float.
The top institutional shareholder in the company is CATTERTON MANAGEMENT COMPANY, L.L.C. with over 12.17 million shares valued at $35.54 million. The investor’s holdings represent 12.6409 of the HNST Shares outstanding. As of 2024-06-30, the second largest holder is PORTOLAN CAPITAL MANAGEMENT, LLC with 8.11 million shares valued at $23.67 million to account for 8.4191 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.98 million shares representing 5.17 and valued at over $14.53 million, while VANGUARD GROUP INC holds 3.6778 of the shares totaling 3.54 million with a market value of $10.34 million.
Honest Company Inc (HNST) Insider Activity
The most recent transaction is an insider sale by Winchell Stephen, the company’s EVP, Operations and R&D. SEC filings show that Winchell Stephen sold 6,938 shares of the company’s common stock on Aug 21 ’24 at a price of $4.28 per share for a total of $29695.0. Following the sale, the insider now owns 0.41 million shares.
Honest Company Inc disclosed in a document filed with the SEC on Aug 21 ’24 that Loretta David (Chief Financial Officer) sold a total of 75,656 shares of the company’s common stock. The trade occurred on Aug 21 ’24 and was made at $4.28 per share for $0.32 million. Following the transaction, the insider now directly holds 0.99 million shares of the HNST stock.
Still, SEC filings show that on Aug 21 ’24, Vernon Carla (Chief Executive Officer) disposed off 52,751 shares at an average price of $4.28 for $0.23 million. The insider now directly holds 2,828,319 shares of Honest Company Inc (HNST).
