BofA Securities raised the price target for the Hims & Hers Health Inc. (NYSE:HIMS) stock to “a Neutral”. The rating was released on July 06, 2021. The research report from Truist has initiated the stock to Hold, with a price target set at $12. The stock was initiated by Credit Suisse, who disclosed in a research note on March 09, 2021, to Neutral and set the price objective to $16. In their research brief published March 02, 2021, Citigroup analysts upgraded the Hims & Hers Health Inc. stock from Neutral to Buy with a price target of $23.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Hims & Hers Health Inc. (NYSE:HIMS) dipped -3.44% to close Wednesday’s market session at $7.57, lower as compared to yesterday’s close. The stock price fluctuated between $7.24 and $7.89 throughout the trading session with the volume trading being 4947827 shares, which represented a significant variation when compared to the three months average volume of 1.96 million shares. The firm’s stock price fluctuated -6.66% within the last five trades and -24.07% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -65.99% in the last 6 months and -15.61% was subtracted to its value over the previous 3 months. HIMS stock is trading at a margin of -10.73%, -27.66% and -41.06% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, HIMS deals in the Consumer Defensive domain. The stock is trading -70.20 percent below its 52-week high and -1.05 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -58.1. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Hims & Hers Health Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $1.38 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 26.42 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.96, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.50 percent of Hims & Hers Health Inc. shares are owned by insiders, and 58.00 percent are held by financial institutions. Boughton Soleil, the Chief Legal Officer at Hims & Hers Health Inc. (HIMS) has sold 3,829 shares of firm on Jun 18 at a price of $12.07 against the total amount of $46216.0. In another inside trade, Lee Spencer, Chief Financial Officer of Hims & Hers Health Inc. (NYSE:HIMS) sold 13,690 shares of the firm on Jun 18 for a total worth of $0.17 million at a price of $12.07. An inside trade which took place on Jun 18, Chief Executive Officer of Hims & Hers Health Inc. Dudum Andrew sold 22,142 shares of firm against total price of $0.27 million at the cost of $12.07 per share.