Honest Company Inc (NASDAQ: HNST) is 121.82% higher on its value in year-to-date trading and has touched a low of $1.47 and a high of $7.38 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 $7.20 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $7.32, the stock is 55.58% and 78.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.87 million and changing 1.67% at the moment leaves the stock 104.52% off its SMA200. HNST registered 388.00% gain for a year compared to 6-month gain of 162.37%. The firm has a 50-day simple moving average (SMA 50) of $4.0298 and a 200-day simple moving average (SMA200) of $3.556775.
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The stock witnessed a 96.25% loss in the last 1 month and extending the period to 3 months gives it a 61.95%, and is 52.50% up 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 12.13% over the week and 6.84% over the month.
Honest Company Inc (HNST) has around 176 employees, a market worth around $739.04M and $368.77M in sales. Fwd P/E is 256.21. Profit margin for the company is -1.13%. Distance from 52-week low is 397.96% and -0.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.80%).
The EPS is expected to grow by 82.99% this year.
Honest Company Inc (HNST) Top Institutional Holders
182.0 institutions hold shares in Honest Company Inc (HNST), with institutional investors hold 77.28% of the company’s shares. The shares outstanding are 95.87M, and float is at 66.85M with Short Float at 2.99%. Institutions hold 66.74% 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 25,000 shares of the company’s common stock on Nov 18 ’24 at a price of $7.08 per share for a total of $0.18 million. Following the sale, the insider now owns 0.39 million shares.
Still, SEC filings show that on Nov 18 ’24, Winchell Stephen (Officer) Proposed Sale 25,000 shares at an average price of $7.08 for $0.18 million. The insider now directly holds shares of Honest Company Inc (HNST).
