Hims & Hers Shares Fall From $54 After 4 Red Days Amid Hinge IPO, Forward P/E 35-40X, Volume Surge

Shares of Hims & Hers Health Inc. ($HIMS) have experienced notable fluctuations recently. The stock was among the top three gainers year-to-date, trading around $54 with a forward price-to-earnings ratio of approximately 35 to 40, supported by consistent earnings beats. However, the stock has softened in recent days, including a decline of about $4, potentially linked to selling by fast money investors reallocating funds to the Hinge IPO. Over the past four trading sessions, $HIMS has posted consecutive declines accompanied by above-average trading volume. Market observers suggest the stock could fall to the mid to high $30 range amid this volatility.