Horizon Global Corporation (HZN) Insider Trading: What Insights Can Be Gained?


As of Wednesday close, Horizon Global Corporation’s (NYSE:HZN) stock was down -$0.01, moving down -0.57 percent to $1.73. The average number of shares traded per day over the past five days has been 564,200 shares. 5 times new highs have been achieved over the past 5 days, with a -$0.0100 fall in that time frame. In the last twenty days, the average volume was 662,720, while in the previous 50 days, it was 280,114.

Since last month, HZN stock rose 203.51%. Shares of the company fell to $0.3000 on 12/28/22, the lowest level in the past month. A 52-week high of $8.27 was reached on 01/18/23 after having rallying from a 52-week low of $0.30. Since the beginning of this year, HZN’s stock price has risen by 344.96% or $1.3412, and marked a new high 9 times. However, the stock has declined by -79.08% since its 52-week high.

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HZN stock investors should be aware that Horizon Global Corporation (HZN) stock had its last reported insider trading activity 244 days ago on May 20. Corre Partners Management, LLC, the Director of the company, purchased of 2,505 shares for $2.35 on May 20. It resulted in a $5,887 investment by the insider. Barrett John Frederick added 2,505 shares at an average price of $2.35 on May 20. The insider now owns 2,442,224 shares following the transaction. On May 18, Director Corre Partners Management, LLC bought 2,891 shares at $2.35 apiece. The transaction was valued at $6,794.

Financial Health

In the three months ended March 30, Horizon Global Corporation’s quick ratio stood at 0.50, while its current ratio was 1.10, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 10.90% percent. In the year ended March 30, operating margins totaled -6.80%. Based on annual data, HZN earned $142.58 million in gross profit and brought in $782.12 million in revenue.

In Horizon Global Corporation’s quarter-end financial report for March 30, it reported total debt of $444.2 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. HZN’s revenue fell -31.93% to $181.22 million during the quarter, while net income inched up to $148.97 million. While analysts expected Horizon Global Corporation to report -$0.3 quarterly earnings, the actual figure was -$0.48 per share. During the quarter, the company generated -$2.62 million in EBITDA. The liabilities of Horizon Global Corporation were 525.72 million at the end of its most recent quarter ended March 30, and its total debt was $367.14 million. The value of shareholders’ equity is $27.73 million.

Technical Picture

This quick technical analysis looks at Horizon Global Corporation’s (HZN) price momentum. With a historical volatility rate of 10.11%, the RSI 9-day stood at 84.18% on 18 January.

With respect to its five-day moving average, the current Horizon Global Corporation price is down by -0.57% percent or -$0.0100. At present, HZN shares trade +188.33% above its 20-day simple moving average and -9.90% percent below its 100-day simple moving average. However, the stock is currently trading approximately +162.12% above its SMA50 and -69.70% below its SMA200.

Stochastic coefficient K was 99.77% and Stochastic coefficient D was 99.92%, while ATR was 0.0825. Given the Stochastic reading of 99.31% for the 14-day period, the RSI (14) reading has been calculated as 80.85%.

Analyst Ratings

Horizon Global Corporation downgraded its rating on Horizon Global Corporation (NYSE: HZN) to a Sell in a note to investors on March 09, 2020. The analysts firm previously had a Neutral rating on the stock.Horizon Global Corporation (HZN) has been rated Sell by analysts. According to 1 brokerage firm, HZN is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Horizon Global Corporation stock as buy, with 0 recommending it as overweight.

With a median target price of $1.00, the current consensus forecast for the stock is $1.00 – $1.00. Based on these forecasts, analysts predict Horizon Global Corporation (HZN) will achieve an average price target of $1.00.


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