The stock of Honest Company Inc (NASDAQ:HNST) last traded at $7.32, up 1.67% from the previous session.
HNST stock price is now 78.74% away from the 50-day moving average and 104.52% away from the 200-day moving average. The market capitalization of the company currently stands at $739.04M.
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With the price target enhanced from $4 to $6, Telsey Advisory Group maintained Market Perform rating for Honest Company Inc (NASDAQ: HNST). On November 13, 2024, Alliance Global Partners reiterated its ‘Buy’ rating on the stock by increasing its target price from $5.75 to quote $8, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Winchell Stephen, EVP, Operations and R&D sold 25,000 shares of the company’s stock on Nov 18 ’24. The stock was sold for $177,000 at an average price of $7.08. Upon completion of the transaction, the EVP, Operations and R&D now directly owns 389,736 shares in the company, valued at $2.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Officer Sheehey Brendan bought 107,653 shares of the business’s stock. A total of $754,370 was incurred on buying the stock at an average price of $7.01. A total of 33.78% of the company’s stock is owned by insiders.
During the past 12 months, Honest Company Inc has had a low of $1.47 and a high of $7.38. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 2.89, and a quick ratio of 1.64. The fifty day moving average price for HNST is $4.0298 and a two-hundred day moving average price translates $3.556775 for the stock.
The latest earnings results from Honest Company Inc (NASDAQ: HNST) was released for 2024-09-30. The net profit margin was -1.13% and return on equity was -3.29% for HNST. The company reported revenue of $99.24 million for the quarter, compared to $86.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.17 percent.
