Chart Of The Day: Hims & Hers Health - Good Growth In Good Sex -

Chart Of The Day: Hims & Hers Health – Good Growth In Good Sex

Jun 12, 2024Jeremy ParkinsonFinance0

100% technical buy signals

11 new highs and up 79.45% in the last month

179.84+ Weighted Alpha

The Chart of the Day belongs to the sex health company Hims & Hers Health (HIMS). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 5/17 the stock gained 51.34%. HIMS Price vs Daily Moving AveragesHims & Hers Health, Inc. operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally. The company offers a range of curated prescription and non-prescription health and wellness products and services available to purchase on its websites and mobile application directly by customers. It also provides prescription medication on a recurring basis and ongoing care from healthcare providers; and over-the-counter drug and device products, cosmetics, and supplement products primarily focusing on general wellness, sexual health and wellness, skincare, and hair care. In addition, the company’s curated non-prescription products include melatonin and biotin in the wellness specialty category; moisturizers, creams, sunscreen, serum, face oil, and face wash in the skincare specialty; condoms, climax delay spray and wipes, vibrators, and lubricants in the sexual health and wellness specialty; and shampoos, conditioners, scalp scrubs, and topical treatments, such as minoxidil in the hair care specialty category. Further, it offers medical consultation and post-consultation support services, as well as health and wellness products through wholesale partners. Hims & Hers Health, Inc. is based in San Francisco, California.Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:

100% technical buy signals

179.84+ Weighted Alpha

145.06% gain in the last year

Trend Seeker buy signal

Above its 20, 50 and 100 day moving averages

11 new highs and up 79.45% in the last month

Relative Strength Index 70.99%

Technical support level at $20.78

Recently traded at $22.04 with 50 day moving average of $15.21

Fundamental Factors:

Market Cap $4.63 billion

Revenue expected to grow 38.90% this year and another 24.60% next year

Earnings estimated to increase 227.30% this year, an additional 107.10% next year and continue to compound at an annual rate of 94.00% for the next 5 years

Analysts and Investor Sentiment — I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:

Wall Street analysts issued 6 strong buy, 1 buy and 7 hold recommendations

Analysts have price targets between $13 and $26

Value Line rates the stock an above average rating of 2

CFRAs MarketScope has a strong buy rating

MorningStar gives the stock an average 3 star rating with a Fair Value of $21.30

14,320 investors monitor the stock on Seeking Alpha

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