Honest Company Inc (HNST): A Case For Going Higher

After Hours

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.

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Stocks Info

The company is listed on the NASDAQ and operates within the Household & Personal Products industry segment. The current market capitalization of Honest Company Inc is $293.42M. A total of 0.98 million shares were traded on the day, compared to an average of 1.04M shares.

In the most recent transaction, Vernon Carla sold 209,160 shares of HNST for 4.16 per share on Mar 18 ’24. After the transaction, the Chief Executive Officer now owns 2,924,387 company shares. In a previous transaction on Mar 07 ’24, Warren Jessica sold 23,324 shares at 3.24 per share. HNST shares that Chief Creative Officer owns now total 1,905,237.

Among the insiders who sold shares, Sheehey Brendan disposed of 21,152 shares on Mar 07 ’24 at a per-share price of $3.24. This resulted in the General Counsel holding 534,620 shares of HNST after the transaction. In another insider transaction, Winchell Stephen sold 19,665 shares at $3.24 per share on Mar 07 ’24. Company shares held by the EVP, Operations and R&D now total 428,957.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, HNST has a high of $4.89 and a low of $1.06.

As of this writing, HNST has an earnings estimate of $Host Hotels & Resorts, Inc. per share for the current quarter. EPS was calculated based on a consensus of Monster Beverage Corporation estimates, with a high estimate of $Instructure Holdings, Inc. per share and a lower estimate of $The Honest Company, Inc..

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. HNST’s latest balance sheet shows that the firm has $93.18M in Cash & Short Term Investments as of fiscal 2021. There were $37.53M in debt and $48.48M in liabilities at the time. Its Book Value Per Share was $1.28, while its Total Shareholder’s Equity was $179.11M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 3.80.

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