The stock of Holley Inc. (NYSE:HLLY) increased by $0.2 on Wednesday to $10.27, up 2.04 percent. The last five days have seen an average of 681,158 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$2.91. The average number of shares traded over the last 20 days was 509,930, while the average volume over the last 50 days totaled 625,710.
HLLY stock appreciated 3.07% since last month. On 05/24/22, the company’s shares reached a one-month low of $9.53. The stock touched a high of $14.68 on 03/17/22, after rallying from a low of $8.23 in 52 weeks. The price of HLLY stock has declined by -22.48% or -$2.91 this year, reaching a new high 7 times. Still, the stock price is down -30.01% from the 52-week high.
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There have been 58 days since Holley Inc. (HLLY) last reported insider trading activity on Apr 25. On Apr 25, Director LOBEL DAVID S sold 8,000,000 shares at $11.43 each. This transaction resulted in the insider making $91,440,000. On Mar 22, LOBEL DAVID S sold 2,000,000 shares at a price of US$13.00. After the transaction, the insider now owns 62,673,884 shares. Director LOBEL DAVID S had earlier sold 3,000,000 shares on Feb 11 for $11.20 a share. The transaction was completed for $33,600,000.
For the three months ended December 30, Holley Inc.’s quick ratio was 1.30, while its current ratio was 3.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending December 30 is 1.87, and the total debt to equity ratio is 1.89. As far as profitability goes, gross margin for the trailing twelve months is 41.20% percent. Holley Inc.’s operating margin stood at 8.60% for the same period. Based on annual data, it had gross profit of $286.81 million and revenue of $692.85 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HLLY’s return on assets (ROA) during the last 12 months has been -2.90%. There was a 5.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -11.10%.
According to Holley Inc.’s quarterly financial report for the quarter that ended December 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $200.06 million, while revenues rose by 99.98% to $533.11 million. It was predicted that Holley Inc.’s quarterly earnings would be $0.08, but it ended up being $0.12, beating the consensus by -33.30%. EBITDA was $43.61 million for the quarter. At the end of Holley Inc.’s most recent quarter ended December 30, its liabilities totaled 909.25 million, while its total debt was $645.55 million. Equity owned by shareholders amounts to $118.03 million.
Here’s a quick look at Holley Inc.’s (HLLY) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 45.80%, suggesting the stock is Neutral, with a 33.01% historical volatility rate.
The stochastic %K and %D were 29.22% and 29.22% respectively, while the average true range (ATR) was 0.42. Based on the 14-day stochastic reading of 28.57%, the RSI (14) reading is 45.61%. On the 9-day MACD Oscillator, the stock is at 0.01, and the 14-day reading is at -0.28.
In its analyst report released on June 22, 2022, BofA Securities began covering Holley Inc. (NYSE: HLLY). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Holley Inc. (HLLY) an Buy rating. HLLY is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 7 others recommend it as a buy.
What is HLLY’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.00 and $18.00, with a median target price of $15.00. In analyzing these forecasts, the average price target given by analysts for Holley Inc. (HLLY) is $15.43.