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Home Market Research Business

Why Hims & Hers Health, Inc. (HIMS) Soared Last Week

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 3 mins read
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Why Hims & Hers Health, Inc. (HIMS) Soared Last Week
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We recently published a list of These 10 Firms Soared Last Week, Here’s Why. In this article, we are going to take a look at where Hims & Hers Health, Inc. (NYSE:HIMS) stands against other firms that soared last week.

The past trading week saw a more calm, generally optimistic, market environment amid the temporary pause in tit-for-tat tariffs, buoyed further by a flurry of corporate earnings for the first quarter of the year.

On a week-on-week basis, the tech-heavy Nasdaq rallied the most, up 3.4 percent, followed by the Dow Jones with 3 percent, and the S&P 500 by 2.9 percent.

Beyond the major indices, 10 firms stood out, booking double-digit gains as high as 48 percent, thanks to better-than-expected earnings and outlook.

In this article, we name this week’s 10 best-performing mid-cap companies and detail the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume. The stocks were chosen based on the highest percentage increase in closing prices on May 2 as against their prices a week earlier, or on April 25.

Why Hims & Hers Health, Inc. (HIMS) Soared Last Week?

A nurse in a telehealth platform talking with a patient on video call for consultation.

Hims & Hers Health, Inc. (NYSE:HIMS)

Hims & Hers jumped by 45.3 percent week-on-week to end at $40.82 on Friday, versus the $28.09 the week prior, as news that it clinched a long-term partnership with Novo Nordisk sparked buying appetite while investors repositioned portfolios ahead of its first quarter earnings performance.

According to the company, it will announce its earnings results after the market closes on Monday, May 5, 2025, where investors will be closely watching out for its updated outlook guidance for the rest of the year.

In recent news, Hims & Hers Health, Inc. (NYSE:HIMS) clinched a long-term deal with Novo Nordisk to jointly market the latter’s blockbuster weight loss drug, Wegovy.

With the partnership, the company said that Americans can now access NovoCare Pharmacy directly through its platform, with a bundled offering of all dose strengths of Wegovy and a Hims & Hers membership, including access to 24/7 care, ongoing clinical support, and nutrition guidance, among others.

It can be learned that HIMS used to make a compounded knock-off version of the treatment that helped propel its sales over the past few years. It was later discontinued after the Food and Drug Administration announced that Novo Nordisk had already produced a sufficient supply of the treatment.

Overall, HIMS ranks 2nd on our list of firms that soared last week. While we acknowledge the potential of HIMS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HIMS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.



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