Yahoo Finance
DrugmakerHims & Hers Health Inc (NYSE:HIMS)stock is moving 6.6% higher to trade at $29.34 this afternoon.
Despite its two-day pop, the shares have fumbled longer term, struggling to recover from a drawdown from its early July highs.
Now off 3% in 2026, another pullback could be looming, with the 260-day moving average overhead and a historically bearish signal now flashing.
HIMS sports a 50-day call/put volume ratio of 4.53 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher than 98% of readings from the past year.
There have been three instances in the last three years that the equity's 50-day buy-to-open put/call ratio crossed over 1.0 and moved into the 90th percentile.
Per Schaeffer's Senior Quantitative Analyst Rocky White,the drugmakerwas lower one month later 100% of the time after these signals, averaging a 15% loss.
From its current perch, a move of similar magnitude would place the stock just above $25.
Echoing this, Hims & Hers Health stock sports a Schaeffer's put/call open interest ratio (SOIR) of 0.61.
This ratio ranks higher than just 29% of readings from the past year, suggesting short-term bears have plenty of room to move in.
There is ample opportunity for downgrade and price-target cuts, too.
Heading into today, 36 of the 44 covering brokerages sport a "buy" or "strong buy" recommendation.
Plus, the average 12 months price target of $31.53 comes in at a 7.5% premium to current levels.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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