Honest Company Stock Price on September 30, 2023
| HNST Stock | USD 2.70 0.01 0.37% |
If you're considering investing in Honest Stock, it is important to understand the factors that can impact its price. As of today, the current price of Honest stands at 2.70, as last reported on the 4th of June, with the highest price reaching 2.70 and the lowest price hitting 2.70 during the day. Honest Company holds Efficiency (Sharpe) Ratio of -0.0314, which attests that the entity had a -0.0314% return per unit of risk over the last 3 months. Honest Company exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Honest's Market Risk Adjusted Performance of 0.3314, risk adjusted performance of (0.01), and Standard Deviation of 4.63 to validate the risk estimate we provide.
At this time, Honest's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 96.4 M in 2024, whereas Capital Stock is likely to drop 7,260 in 2024. . At this time, Honest's Price Book Value Ratio is comparatively stable compared to the past year. Price To Operating Cash Flows Ratio is likely to gain to 16.92 in 2024, whereas Price Earnings To Growth Ratio is likely to drop 0.36 in 2024. Honest Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Honest |
Sharpe Ratio = -0.0314
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| Negative Returns | HNST |
Estimated Market Risk
| 4.68 actual daily | 41 59% of assets are more volatile |
Expected Return
| -0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Honest is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Honest by adding Honest to a well-diversified portfolio.
Price Book 2.561 | Enterprise Value Ebitda (8.64) | Price Sales 0.9158 | Shares Float 62.6 M | Wall Street Target Price 4.55 |
Honest Valuation on September 30, 2023
It is possible to determine the worth of Honest on a given historical date. On September 30, 2023 Honest was worth 1.24 at the beginning of the trading date compared to the closed value of 1.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Honest stock. Still, in general, we apply an absolute valuation method to find Honest's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Honest where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Honest's related companies.
| Open | High | Low | Close | Volume | |
| 1.29 | 1.30 | 1.25 | 1.25 | 305,107 | |
09/29/2023 | 1.24 | 1.27 | 1.24 | 1.26 | 277,069 |
| 1.24 | 1.27 | 1.20 | 1.25 | 905,384 |
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Honest Trading Date Momentum on September 30, 2023
| On October 02 2023 Honest Company was traded for 1.25 at the closing time. The top price for the day was 1.27 and the lowest listed price was 1.20 . The trading volume for the day was 905.4 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.79% . The trading delta at closing time against the current closing price is 7.94% . |
Honest Company Fundamentals Correlations and Trends
By evaluating Honest's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Honest's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Honest financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Honest Stock history
Honest investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Honest is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Honest Company will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Honest stock prices may prove useful in developing a viable investing in Honest
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 94.5 M | 96.4 M | |
| Net Loss | -44.1 M | -46.3 M |
Honest Quarterly Net Working Capital |
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Honest Stock Technical Analysis
Honest technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Honest Period Price Range
Low | September 29, 2023
| High |
1.24 | 1.26 |
Honest June 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Honest stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Honest shares will generate the highest return on investment. By undertsting and applying Honest stock market strength indicators, traders can identify Honest Company entry and exit signals to maximize returns
| Accumulation Distribution | 6544.94 | |||
| Daily Balance Of Power | 0.6667 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 1.25 | |||
| Day Typical Price | 1.26 | |||
| Price Action Indicator | 0.015 | |||
| Period Momentum Indicator | 1.44 |
Honest Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Honest's price direction in advance. Along with the technical and fundamental analysis of Honest Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Honest to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 0.3214 |
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Additional Tools for Honest Stock Analysis
When running Honest's price analysis, check to measure Honest's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Honest is operating at the current time. Most of Honest's value examination focuses on studying past and present price action to predict the probability of Honest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Honest's price. Additionally, you may evaluate how the addition of Honest to your portfolios can decrease your overall portfolio volatility.