At the last check on Thursday, HireRight Holdings Corporation’s (NYSE:HRT) stock was down -$0.1, moving down -0.94 percent to $10.52. The average number of shares traded per day over the past five days has been 497,191 shares. 3 times new highs have been achieved over the past 5 days, with a $0.16 gain in that time frame. In the last twenty days, the average volume was 287,438, while in the previous 50 days, it was 317,571.
Since last month, HRT stock retreated -7.23%. Shares of the company fell to $10.01 on 08/09/23, the lowest level in the past month. A 52-week high of $18.57 was reached on 01/04/23 after having rallying from a 52-week low of $6.88. Since the beginning of this year, HRT’s stock price has dropped by -11.30% or -$1.33, and marked a new high 2 times. However, the stock has declined by -43.35% since its 52-week high.
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HRT stock investors should be aware that HireRight Holdings Corporation (HRT) stock had its last reported insider trading activity 72 days ago on Jun 06. LaPlaine James, the Director of the company, disposed of 4,466 shares for $10.66 on Jun 06. It resulted in a $47,608 divestment by the insider. TROE LISA L sold 3,812 shares at an average price of $10.56 on Jun 02. The insider now owns 11,421 shares following the transaction. On May 26, 10% Owner RJC GIS Holdings LLC sold 107,145 shares at $10.22 apiece. The transaction was valued at $1,095,022.
Valuation Metrics
Right now, HireRight Holdings Corporation (HRT) has a P/E ratio of about 8.11. The stock’s beta is 0.23. Besides these, the trailing price-to-sales (P/S) ratio of 1.01, the price-to-book (PB) ratio of 1.58, and the price-to-cash flow ratio of 11.13 may also be considered.
Financial Health
In the three months ended June 29, HireRight Holdings Corporation’s quick ratio stood at 1.70, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.40, and the total debt-to-equity ratio was 1.42. On the profitability front, the trailing twelve-month gross margin is 46.80% percent. In the year ended June 29, EBITDA margin amounted to 22.04%, whereas operating margins totaled 8.70%.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.10%. Return on equity (ROE) for the past 12 months was 19.20%.
In HireRight Holdings Corporation’s quarter-end financial report for June 29, it reported total debt of $680.51 million. HRT’s revenue fell -15.7% to $175.45 million during the quarter, while net income inched up to $192.12 million. While analysts expected HireRight Holdings Corporation to report $0.35 quarterly earnings, the actual figure was $0.34 per share, beating the consensus estimate by -2.90%.
Technical Picture
This quick technical analysis looks at HireRight Holdings Corporation’s (HRT) price momentum. With a historical volatility rate of 29.34%, the RSI 9-day stood at 46.00% on 16 August.
With respect to its five-day moving average, the current HireRight Holdings Corporation price is up by +1.54% percent or $0.16. At present, HRT shares trade -2.86% below its 20-day simple moving average and -2.14% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.86% below its SMA50 and -25.85% below its SMA200.
Stochastic coefficient K was 63.81% and Stochastic coefficient D was 74.87%, while ATR was 0.33. Given the Stochastic reading of 49.52% for the 14-day period, the RSI (14) reading has been calculated as 46.45%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 0.15.
Analyst Ratings
HireRight Holdings Corporation downgraded its rating on HireRight Holdings Corporation (NYSE: HRT) to a Hold in a note to investors on January 19, 2023. The analysts firm previously had a Buy rating on the stock.HireRight Holdings Corporation (HRT) has been rated Overweight by analysts. According to 0 brokerage firms, HRT is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate HireRight Holdings Corporation stock as buy, with 4 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $10.00 – $15.00. Based on these forecasts, analysts predict HireRight Holdings Corporation (HRT) will achieve an average price target of $12.16.
