Is Horizon Global Corporation (HZN) A Solid Choice On The Value Front?

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The stock of Horizon Global Corporation (NYSE:HZN) increased by $1.33 on Tuesday to finish at $1.72, up 342.39 percent. The last five days have seen an average of 960,420 shares of common stock traded. The average number of shares traded over the last 20 days was 262,270, while the average volume over the last 50 days totaled 129,024.

HZN stock appreciated 169.17% since last month. On 12/28/22, the company’s shares reached a one-month low of $0.3000. The stock touched a high of $8.75 on 01/03/23, after rallying from a low of $0.30 in 52 weeks. The price of HZN stock has risen by 342.39%. Still, the stock price is down -80.34% from the 52-week high.

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Insider Transactions

HZN stock investors should be aware that Horizon Global Corporation (HZN) stock had its last reported insider trading activity 229 days ago on May 20. On May 20, Director Corre Partners Management, LLC acquired 2,505 shares at $2.35 each. This transaction resulted in the insider spending $5,887. On May 20, Barrett John Frederick added 2,505 shares at a price of US$2.35. After the transaction, the insider now owns 2,442,224 shares. Director Corre Partners Management, LLC had earlier bought 2,891 shares on May 18 for $2.35 a share. The transaction was completed for $6,794.

Financial Health

For the three months ended March 30, Horizon Global Corporation’s quick ratio was 0.50, while its current ratio was 1.10, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 10.90% percent. Horizon Global Corporation’s operating margin stood at -6.80% for the same period. Based on annual data, it had gross profit of $142.58 million and revenue of $782.12 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HZN’s return on assets (ROA) during the last 12 months has been -19.00%. There was a 0.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 130.80%.

Earnings Surprise

According to Horizon Global Corporation’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $148.97 million, while revenues fell by -31.93% to $181.22 million. It was predicted that Horizon Global Corporation’s quarterly earnings would be -$0.48, but it ended up being -$0.3. EBITDA was -$2.62 million for the quarter. At the end of Horizon Global Corporation’s most recent quarter ended March 30, its liabilities totaled 525.72 million, while its total debt was $367.14 million. Equity owned by shareholders amounts to $27.73 million.

Technical Picture

Here’s a quick look at Horizon Global Corporation’s (HZN) price momentum from a technical perspective. As of 03 January, the RSI 9-day stood at 86.71%, suggesting the stock is Overbought, with a 781.49% historical volatility rate.

The stochastic %K and %D were 47.54% and 31.61% respectively, while the average true range (ATR) was 0.2351. Based on the 14-day stochastic reading of 99.30%, the RSI (14) reading is 82.35%. On the 9-day MACD Oscillator, the stock is at 0.2168, and the 14-day reading is at 0.2305.

Analyst Ratings

Horizon Global Corporation (NYSE: HZN) was downgraded by B. Riley FBR to a a Sell rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Horizon Global Corporation (HZN) an Sell rating. HZN is a stock that is recommended for selling by 1 brokerage firm, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.

What is HZN’s price target for the next 12 months?

The current consensus forecast for the stock is between $1.00 and $1.00, with a median target price of $1.00. In analyzing these forecasts, the average price target given by analysts for Horizon Global Corporation (HZN) is $1.00.

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