How Have Insiders Been Trading Hertz Global Holdings Inc. (HTZ) Stock?

Hertz Global Holdings Inc. (NASDAQ:HTZ) saw a downside of -0.17% to close Tuesday at $17.23 after subtracting -$0.03 on the day. The 5-day average trading volume is 2,357,060 shares of the company’s common stock. It has gained $17.72 in the past week and touched a new high 2 times within the past 5 days. An average of 3,515,250 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,947,604.

HTZ’s 1-month performance is -5.59% or -$1.03 on its low of $15.64 reached on 07/28/23. The company’s shares have touched a 52-week low of $14.49 and high of $20.48, with the stock’s rally to the 52-week high happening on 03/06/23. YTD, HTZ has achieved 11.96% or $1.84 and has reached a new high 19 times. However, the current price is down -15.87% from the 52-week high price.

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Insider Transactions

HTZ stock investors last saw insider trading activity on May 08.Leef Eric (EVP, Chief HR Officer) most recently sold 1,946 shares at $16.23 per share on May 08. This transaction cost the insider $31,584. EVP, Chief HR Officer, Leef Eric, sold 4,034 shares at a price of $19.31 on Feb 09.

Valuation Metrics

HTZ stock has a beta of 2.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.60 while the price-to-book (PB) in the most recent quarter is 1.91.

As well, the company’s long term debt to equity for the quarter ending June 29 was 6.13, while the total debt to equity was 6.13.. In terms of profitability, the gross margin trailing 12 months is 43.20%. The trailing 12-month EBITDA margin is 34.72% while for the period ending June 29, Hertz Global Holdings Inc.’s operating margin was 15.30%. The firm’s gross profit as reported stood at $3.88 billion against revenue of $8.69 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -576.26% to $139.0 million, while revenue of $196.0 million was -41.01% off the previous quarter. Analysts expected HTZ to announce $0.64 per share in earnings in its latest quarter, but it posted $0.72, representing a 12.50% surprise. EBITDA for the quarter stood at more than $909.0 million. HTZ stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 23.26 billion, with total debt at $18.64 billion. Shareholders hold equity totaling $311.26 million.

Let’s look briefly at Hertz Global Holdings Inc. (HTZ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 51.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.30%.

The stock’s 5-day moving average is $17.24, reflecting a -1.54% or -$0.27 change from its current price. HTZ is currently trading -3.85% above its 20-day SMA, +9.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.23% and SMA200 by-0.35%.

Stochastic %K and %D was 66.43% and 66.96% and the average true range (ATR) pointed at 0.47. The RSI (14) points at 49.87%, while the 14-day stochastic is at 65.63% with the period’s ATR at 0.50. The stock’s 9-day MACD Oscillator is pointing at -0.05 and 0.29 on the 14-day charts.