Can This Recent IPO beat Market Expectations? $HNST The Honest […]
Honest Company is Still Struggling ($HNST)
August 18, 2021
Honest Company is Still Struggling ($HNST)
LikeFolio put out a bearish note for the Honest Company (HNST) ahead of the company’s first official earnings release in June.
Underlying Mentions for HNST have been in a downtrend for several years and have shown no signs of recovering in 2021, currently -38% YoY on a 90-day moving average.
Shares have declined by -48% since our note, spurred lower by the disastrous 21Q2 earnings report released last week.
JP Morgan is still optimistic about the stock. Based on the dismal underlying Mentions, we’re comfortable maintaining our bearish outlook on this Recent IPO.