We recently published a list of 10 Stocks Grow Firmer Despite Mixed Market Sentiment. In this article, we are going to take a look at where Hims & Hers Health Inc. (NYSE:HIMS) stands against other stocks that grow firmer despite mixed market sentiment.
The stock market kicked off the first trading day of the week on a lackluster note, with major indices finishing mixed as it struggled to rebound from Friday’s bloodbath.
The Dow Jones was the sole gainer among the main indices, eking out a 0.08-percent gain. In contrast, the S&P 500 and the tech-heavy Nasdaq both fell 0.50 percent and 1.21 percent, respectively.
Meanwhile, ten companies registered strength, albeit posting only modest gains. This article details the reasons behind their performance.
To come up with Monday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
A nurse in a telehealth platform talking with a patient on video call for consultation.
Hims & Hers Health Inc. (NYSE:HIMS)
Hims & Hers rallied by 4.12 percent on Monday to close at $51.31 apiece as investor sentiment was boosted by its impressive earnings performance last year.
In a statement, HIMS said net income for the fourth quarter of the year jumped by 1,990 percent to $26.025 million from $1.245 million as revenues nearly doubled to $481.1 million from $246.6 million year-on-year.
The strong performance contributed to the company’s $126 million net income in full-year 2024, reversing a net loss of $23.456 million in 2023.
HIMS CEO Andrew Dudum said that 2024 was a fantastic year for HIMS, with over 2 million subscribers now entrusting the company to aid them in their health journey.
For the first quarter of the year, HIMS targets revenues to settle between $520 million and $540 million, as well as $2.3 billion to $2.4 billion in full year 2025.
Overall, HIMS ranks 7th on our list of stocks that grow firmer despite mixed market sentiment. While we acknowledge the potential of HIMS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as HIMS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.