The stock of Hertz Global Holdings Inc. (NASDAQ:HTZ) decreased by -$0.12 on Tuesday to finish at $15.74, down -0.76 percent. The last five days have seen an average of 3,495,000 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $0.35. The average number of shares traded over the last 20 days was 2,358,295, while the average volume over the last 50 days totaled 2,805,722.
HTZ stock dropped -8.75% since last month. On 09/13/23, the company’s shares reached a one-month low of $15.47. The stock touched a high of $20.48 on 03/06/23, after rallying from a low of $14.49 in 52 weeks. The price of HTZ stock has risen by 2.27% or $0.35 this year, reaching a new high 19 times. Still, the stock price is down -23.14% from the 52-week high.
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Insider Transactions
HTZ stock investors should be aware that Hertz Global Holdings Inc. (HTZ) stock had its last reported insider trading activity 135 days ago on May 08. On May 08, EVP, Chief HR Officer Leef Eric sold 1,946 shares at $16.23 each. This transaction resulted in the insider making $31,584. On Feb 09, Leef Eric sold 4,034 shares at a price of US$19.31. After the transaction, the insider now owns 40,809 shares.
Valuation Metrics
Hertz Global Holdings Inc. (HTZ) has a trailing price-to-earnings (P/E) ratio of 5.42. Beta for the stock is 2.06. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.55, the price-to-book (PB) ratio of 1.74.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 6.13, and the total debt to equity ratio is 6.13. As far as profitability goes, gross margin for the trailing twelve months is 43.20% percent. Hertz Global Holdings Inc.’s EBITDA margin for the year ended June 29 was 34.72%, whereas its operating margin stood at 15.30% for the same period. Based on annual data, it had gross profit of $3.88 billion and revenue of $8.69 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HTZ’s return on assets (ROA) during the last 12 months has been 4.40%. There was a 13.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 37.30%.
Earnings Surprise
According to Hertz Global Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Hertz Global Holdings Inc.’s quarterly earnings would be $0.72, but it ended up being $0.64, beating the consensus by 12.50%. EBITDA was $909.0 million for the quarter. At the end of Hertz Global Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 23.26 billion, while its total debt was $18.64 billion. Equity owned by shareholders amounts to $311.26 million.
Technical Picture
Here’s a quick look at Hertz Global Holdings Inc.’s (HTZ) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 37.74%, suggesting the stock is Neutral, with a 38.12% historical volatility rate.
The stochastic %K and %D were 22.77% and 28.25% respectively, while the average true range (ATR) was 0.45. Based on the 14-day stochastic reading of 14.84%, the RSI (14) reading is 39.36%. On the 9-day MACD Oscillator, the stock is at -0.04, and the 14-day reading is at -0.38.
Analyst Ratings
In its analyst report released on July 05, 2023, Jefferies began covering Hertz Global Holdings Inc. (NASDAQ: HTZ). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Hertz Global Holdings Inc. (HTZ) an Overweight rating. HTZ is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is HTZ’s price target for the next 12 months?
The current consensus forecast for the stock is between $18.00 and $26.00, with a median target price of $22.00. In analyzing these forecasts, the average price target given by analysts for Hertz Global Holdings Inc. (HTZ) is $22.17.
