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 $12.34, up 0.08% from the previous day, and has increased 4.49% in one year. It has overperformed other stocks in the Household & Personal Products industry by 0.1 percentage points. Hims & Hers Health stock is currently +118.41% from its 52-week low of $5.65, and -28.09% from its 52-week high of $17.16.
As of Apr 24, 2024, there are 214.25M shares of HIMS outstanding. The market value of HIMS is $2.64B. In the last 24 hours, 2.99M 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/B ratio of 7.68x, relative to Household & Personal Products industry P/B ratio of 7.33x
You can do more valuation analysis on HIMS's stock here.
Is HIMS a healthy company?
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the HIMS balance sheet.
- HIMS profit margin has gone up from -12.5% to -2.7% in the past year.
- HIMS's operating cash flow of $73.48M allows it to safely service it's debt of $9.95M.
- HIMS has a low debt to equity ratio of 0.28.
- There are more short-term assets than long-term liabilities on the HIMS balance sheet.
Negative Health Checks:
- HIMS earnings of -$21.57M is not enough to cover its interest payments.
Is HIMS stock a Buy, Hold, or Sell, according to analysts?
Out of 8 sell side analysts who research HIMS, the consensus analyst rating on HIMS is a Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Most Recent HIMS Analyst Upgrades/Downgrades
Jailendra Singh, a bottom 2% analyst from Truist Securities maintains HIMS with a hold rating and raises their HIMS price target from $10.00 to $13.00, on Feb 27, 2024.
Michael Cherny, a bottom 14% analyst from Leerink Partners initiates coverage on HIMS with a hold rating and announces their HIMS price target of $10.00, on Feb 26, 2024.
Ivan Feinseth, a top 7% analyst from Tigress Financial maintains HIMS with a buy rating and raises their HIMS price target from $14.00 to $15.00, on Jan 5, 2024.
You can dig deeper into what analysts are projecting on the Hims & Hers Health stock forecast page.
Metrics for Advanced HIMS Traders
HIMS Growth Metrics
Last year, HIMS revenue was $872.00M. In the last four year, HIMS's revenue has gone up by 80.28% per year. This was faster than the Household & Personal Products industry average of 4.31%.
Dive into HIMS's earnings and revenue performance here.
Are HIMS executives and large shareholders buying or selling the stock?
In the last 12 months, insiders at HIMS have sold more shares than they have bought.
Soleil Boughton, Chief Legal Officer of HIMS, was the latest HIMS insider to sell. They sold $34,916.85 worth of HIMS shares on Apr 15, 2024.
Research more about who owns HIMS shares here.
Can I rely on HIMS as an income stream?
No, Hims & Hers Health doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Place your HIMS trade
You have two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock 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.
Hit the Open button and eToro will place your order.
If you want additional info about 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 shares, you'll want to keep up with your new shares.
Add HIMS to a watchlist to get notified of important updates regarding your HIMS stock.
HIMS Feed
How to Buy Stock in Hims & Hers Health
To reiterate, here are the 6 steps to buy Hims & Hers Health stock:
- 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 online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Hims & Hers Health, add HIMS to your watchlist by clicking the button below.
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