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Wednesday, February 8, 2023

There Is A Quest For Clarity Surrounding The Honest Company Inc. (NASDAQ: HNST) Volatility

After Hours

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. After-hours trades for The Honest Company Inc. (HNST) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.67%, to $2.95. The The Honest Company Inc. has recorded 3,411 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

This NASDAQ-listed company operates within the Household & Personal Products industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $2.97 and fluctuated between $3.0700 as its day high and $2.9600 as its day low. The current market capitalization of The Honest Company Inc. is $274.28M. A total of 0.58 million shares were traded on the day, compared to an average of 1.06M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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 $7.53 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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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