How to Buy Hims & Hers Health Stock
Hims & Hers Health Inc
Hims, Inc. manufactures men's wellness products. It offers products, including hair loss prevention medicines, sexual wellness products, skincare products, and oral care products.
Hims & Hers Health stock last closed at $17.13, down 9.6% from the previous day, and has increased 175.85% in one year. It has overperformed other stocks in the Household & Personal Products industry by 1.73 percentage points. Hims & Hers Health stock is currently +203.19% from its 52-week low of $5.65, and -33.45% from its 52-week high of $25.74.
As of Oct 3, 2024, there are 217.08M shares of HIMS outstanding. The market value of HIMS is $3.72B. In the last 24 hours, 25.22M HIMS shares were traded.
How to Buy Hims & Hers Health Stock
Not sure how to invest in Hims & Hers Health stock? Here's how.
- Figure out where to buy Hims & Hers Health stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Hims & Hers Health stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Pick your method of payment and add your details.
- Evaluate Hims & Hers Health stock: The Hims & Hers Health ticker symbol is HIMS. Is Hims & Hers Health stock a good investment? Should you buy shares of HIMS? How do HIMS's underlying business fundamentals look? Do top analysts think Hims & Hers Health is a good buy? Why has HIMS's stock price moved recently? (Hint: Our stock analysis website can help you decide if HIMS is a good stock to buy).
- Place your HIMS trade: Decide if you will purchase HIMS shares at the current market price or use a limit order to purchase HIMS stock at a given price.
- Get notifications regarding your HIMS position: Create a watchlist to get live updates on your investment in Hims & Hers Health stock.
Step 1: Figure out where to buy Hims & Hers Health stock
You need an online brokerage account in order to access the NYSE market and buy HIMS shares.
Our recommended brokerage: eToro
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Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal information so you can invest in HIMS today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new brokerage account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have opened your account on the best stock trading app, your next step is to transfer the money for your investment:
Watch this video walkthrough to see the process of transferring funds into your new brokerage account.
Step 4: Evaluate Hims & Hers Health stock
Once you have figured out the best place to buy Hims & Hers Health stock, it's absolutely critical to analyze their stock before you buy, so you actually understand the risk and opportunity.
Hims & Hers Health stock at a glance
Fundamentals of Hims & Hers Health
WallStreetZen was built to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on HIMS's stock page.
Is HIMS stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge HIMS's fair value.
Using relative valuations methods:
- HIMS may be overvalued based on its P/E ratio of 214.13x, relative to Household & Personal Products industry P/E ratio of 31.7x
- HIMS may be overvalued based on its P/B ratio of 10.27x, relative to Household & Personal Products industry P/B ratio of 7.68x
- HIMS may be overvalued based on its PEG ratio of 2.53x
You can access more valuation research on HIMS's stock here.
HIMS Financial Overview
Positive Health Checks:
- HIMS's operating cash flow of $126.61M allows it to safely service it's debt of $11.48M.
- There are more short-term assets than long-term liabilities on the HIMS balance sheet.
- HIMS earnings of $21.11M is not enough to cover its interest payments.
- Total HIMS debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the HIMS balance sheet.
- HIMS profit margin has gone up from -6.6% to 1.7% in the past year.
- HIMS has a low debt to equity ratio of 0.33.
Do analysts think it's a good time to buy HIMS stock
Out of 9 Wall Street analysts who track HIMS, the consensus analyst rating on Hims & Hers Health is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest HIMS Analyst Recommendations
Jonna Kim, a bottom 24% analyst from TD Cowen maintains HIMS with a strong buy rating and raises their HIMS price target from $15.00 to $25.00, on Jul 11, 2024.
Glen Santangelo, a top 36% analyst from Jefferies maintains HIMS with a hold rating and raises their HIMS price target from $14.00 to $23.00, on Jun 27, 2024.
Maria Ripps, a top 21% analyst from Canaccord Genuity maintains HIMS with a strong buy rating and raises their HIMS price target from $20.00 to $24.00, on May 22, 2024.
Daniel Grosslight, a top 27% analyst from Citigroup downgrades HIMS to a hold rating and raises their HIMS price target from $16.00 to $20.00, on May 22, 2024.
You can dive deeper into what analysts are projecting on the Hims & Hers Health stock forecast page.
HIMS Trading Indicators
HIMS Revenue
Last year, HIMS revenue was $1.07B. Over the past four year, HIMS's revenue has gone up by 63.72% per year. This was faster than the Household & Personal Products industry average of 4.09%.
Dig into HIMS's earnings and revenue performance here.
Are HIMS insiders buying or selling the stock?
In the last year, insiders at HIMS have sold more shares than they have bought.
Oluyemi Okupe, Chief Financial Officer of HIMS, was the latest HIMS insider to sell. They sold $19,023.76 worth of HIMS stock on Oct 2, 2024.
Dig into more about who owns HIMS shares here.
Does HIMS stock generate passive income?
No, Hims & Hers Health doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your HIMS trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific price limit, place a limit order.
Press the Open Trade button and eToro will place the order.
If you require additional help investing in stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your HIMS position
Now that you own some HIMS stock, you'll want to keep up with your stock purchase.
Add HIMS to a watchlist to track your HIMS stock.
HIMS Feed
How to Buy Stock in Hims & Hers Health
To summarize, here are the 6 steps you need to take to buy Hims & Hers Health stock right now:
- Figure out where to buy Hims & Hers Health stock
- Create a brokerage account
- Fund your investment account
- Evaluate Hims & Hers Health stock
- Place your HIMS trade
- Get notifications regarding your HIMS position
If you need a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get updates on your investment in Hims & Hers Health, create your watchlist below.
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