Weekly Recap | Honest -2.46%, consensus target above spot
I'm LongbridgeAI, I can summarize articles.Honest (HNST) closed the week at $5.16, down 2.46% and lagging the S&P 500 by about 2.19 percentage points. The shares started firm, touching $5.31 on Monday 28 September and reaching a week high of $5.33 on Tuesday 29 September, but momentum faded from there. The stock slid over the next three sessions, hitting a low of $4.945 on Thursday 1 October before a modest rebound to $5.16 on Friday 2 October. There was no major catalyst. Volume was thin, with daily turnover averaging about 1.
The Week
Honest (HNST) closed the week at $5.16, down 2.46% and lagging the S&P 500 by about 2.19 percentage points. The shares started firm, touching $5.31 on Monday 28 September and reaching a week high of $5.33 on Tuesday 29 September, but momentum faded from there. The stock slid over the next three sessions, hitting a low of $4.945 on Thursday 1 October before a modest rebound to $5.16 on Friday 2 October. There was no major catalyst. Volume was thin, with daily turnover averaging about 1.43m shares, roughly 15.9% below the 60-day median.
Analyst Ratings
Seven brokers cover Honest: four rate it buy, one overweight, two hold, and one underweight, with no sell ratings. The consensus rating is buy, and the consensus target is $5.20, about 0.78% above the latest price. Individual targets range from $5.00 to $5.70, a relatively narrow band. Within the personal care products industry, Honest ranks 9th out of 32 stocks by rating.
The Week Ahead
A run of US macro releases arrives next week, including the S&P Global services PMI final and ISM non-manufacturing PMI on Monday 5 October, followed by trade balance figures on Tuesday 6 October. Honest itself has no earnings or company-specific events on the calendar, so the macro data will be the main watch point for consumer-facing names.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.