Is HIMS a buy
10/5/2024 02:02am
**Hims & Hers Health (HIMS) is a buy.** Here's why:
1. **Strong Financial Growth**: Hims & Hers Health has reported a net income of $13.3 million and total revenue of $315.65 million as of June 30, 2024. The company's net income has grown by 285.79% year-over-year, and its revenue has increased by 51.82%.
2. **Attractive Valuation**: The company's Price to Book Ratio is 10.28, P/S Ratio is 3.13, and P/E Ratio is -1581.7. The high P/E ratio could be due to the company's high growth rate, and the other valuation metrics suggest a reasonable value for the stock.
3. **Positive Technical Indicators**: The stock is currently trading above its 5-Day, 10-Day, and 20-Day moving averages, which could indicate a bullish trend. This is a favorable sign for buyers.
4. **Strong Buy Consensus**: The consensus rating for HIMS is "Strong Buy" with an average price target of $21.57, which suggests that analysts are optimistic about the stock's future performance.
5. **Positive Fund Flow**: The net fund flow for HIMS is positive, with a net fund flow of $7.47 million, which could indicate that there is buying pressure in the stock. The net fund flow (block order) is also positive, with a net fund flow of $4.8 million, which suggests that large investors are also buying the stock.
In conclusion, Hims & Hers Health's strong financial growth, attractive valuation, positive technical indicators, strong buy consensus, and positive fund flow suggest that the stock is a buy. Investors should consider these factors when making a decision to buy the stock.