Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Honest Company Inc’s current trading price is -48.44% away from its 52-week high, while its distance from the 52-week low is 92.71%. The stock’s price range during this period has varied between $2.40 and $8.97. The company, active in the Consumer Defensive sector, saw a trading volume of around 1.21 million for the day, considerably lower average daily volume of 2.46 million observed over the last three months.
Honest Company Inc’s stock has had a calm market performance.
How Financial Performance Impacts Market Capitalization
Honest Company Inc (HNST) has experienced a quarterly decline of -7.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 509.85M and boasts a workforce of 164 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
How HNST’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for HNST stands at 0.11. Similarly, the long-term debt-to-equity ratio is also 0.06.
HNST Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -33.26%.However, over the last six months, we can see a stronger performance of -37.75%. Over the last 30 days, the price of HNST has leaped by -14.03%. And in the last five days, it has fallen by -2.84%.
