• The Latte
  • Posts
  • Hims & Hers overdelivered again, and the stock looks unjustifiably cheap

Hims & Hers overdelivered again, and the stock looks unjustifiably cheap

In partnership with Meco

The best new app for newsletter reading

Reading newsletters in the inbox is frustrating - it is noisy and easy to lose control of subscriptions. Now with Meco you can enjoy your newsletters in an app built for reading while giving your inbox space to breathe.

  • Meco connects to your Gmail, allowing you to instantly move your newsletters to the app (and clear your inbox)

  • The experience is packed with features to supercharge your reading including the ability to group newsletters, set smart filters, bookmark your favorites and read in a scrollable feed

  • Completely free 😎 and available on iOS and web (desktop)

The market has been rough lately, and volatility has surged even for traditionally stable mega-cap stocks. For instance, Starbucks ($SBUX) experienced its biggest drop since 2000 last week due to disappointing earnings results. When a mega-cap stock exhibits such volatility, holding small and mid-cap stocks that can surge or plummet without a clear reason requires courage. Hims & Hers Health is a good example.

The telehealth company's shares fell over 30% in the past 40 days with no apparent cause. Market volatility and an analyst downgrade may have contributed to the decline. However, on Monday, the company reported Q1 earnings that exceeded analyst estimates across the board, sending its stock soaring.

The 25%+ dip from recent highs, combined with stellar Q1 earnings results and guidance, offers an attractive entry point for investors. HIMS remains an undervalued stock, but this could change if the company continues to exceed expectations. Let’s take a closer look at one of the most promising telehealth names on the market.

Subscribe to Premium Membership to read the rest.

Become a paying subscriber of Premium Membership to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In