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Wednesday, February 1, 2023

The Honest Company Inc. Common Stock (NASDAQ: HNST): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for The Honest Company Inc. Common Stock (HNST) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 1.02%, to $2.96. The The Honest Company Inc. Common Stock has recorded 2,544 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that The Honest Company Names CPG Veteran Carla Vernón as Chief Executive Officer and One of the Only Afro-Latina CEOs at a U.S. Publicly Traded Company.

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Stocks Info

HNST belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Specialty Retail industry. At the end of the last regular session, the stock closed at $2.93 and fluctuated between $2.9900 as its day high and $2.8650 as its day low. The current market capitalization of The Honest Company Inc. Common Stock is $273.34M. A total of 0.54 million shares were traded on the day, compared to an average of 1.07M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HNST has seen 0 BUY and 11 SELL insider trades, representing the acquisition of 0 and the disposition of 51,556 shares. Over the last 12 months, there were 25 BUYs and 43 SELLs from insiders. Insiders purchased 2,674,637 shares during that period but sold 392,824.

In the most recent transaction, Warren Jessica sold 24,850 shares of HNST for 2.94 per share on Jan 04. After the transaction, the Chief Creative Officer now owns 573,611 company shares. In a previous transaction on Jan 03, Rexing Rick sold 7,491 shares at 2.98 per share. HNST shares that Chief Revenue Officer owns now total 329,377.

Among the insiders who sold shares, Hoyt Janis disposed of 10,302 shares on Jan 03 at a per-share price of $2.98. This resulted in the Chief People Officer holding 325,980 shares of HNST after the transaction. In another insider transaction, Sheehey Brendan sold 5,153 shares at $2.98 per share on Jan 03. Company shares held by the General Counsel now total 265,181.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HNST in the last 3 months, the mean price target is $4.25 with high estimates of $6.00 and low estimates of $3.00. In terms of 52-week highs and lows, HNST has a high of $7.91 and a low of $2.54.

As of this writing, HNST has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.11. The company reported an EPS of -$0.16 in the last quarter, which was -6.70% lower than expectations of -$0.15.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HNST is Overweight with a score of 3.63. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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