Hims & Hers stock is now cheaper than it was before the recent run-up

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Sometimes the market treats some companies unfairly, pricing them at lower prices than their fair value. This is particularly common for newly-listed or small-cap companies that are largely unknown to most investors. However, if these companies pass the Wall Street tests and perform beyond expectations, the market will eventually reward them. This is the case with Hims & Hers ($HIMS), a newly-listed and small-cap growth company.

In late February, HIMS reported earnings results that once again exceeded analyst estimates across the board. As you can see below, the market reaction was quite positive, sending HIMS stock up by over 40% in two days.

The stock was actually overdue for a spike. The company has been delivering impressive results for over two years now, but this performance hasn’t been fully reflected in the stock price. While HIMS stock may now seem more expensive than before the rally, the opposite is true. Let’s see why.

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