As of Friday close, Hertz Global Holdings Inc.’s (NASDAQ:HTZ) stock was down -$1.6, moving down -10.61 percent to $13.48. The average number of shares traded per day over the past five days has been 3,301,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.64 fall in that time frame. In the last twenty days, the average volume was 2,769,840, while in the previous 50 days, it was 2,894,286.
Since last month, HTZ stock retreated -22.39%. Shares of the company fell to $13.44 on 09/22/23, the lowest level in the past month. A 52-week high of $20.48 was reached on 03/06/23 after having rallying from a 52-week low of $14.49. Since the beginning of this year, HTZ’s stock price has dropped by -12.41% or -$1.91, and marked a new high 19 times. However, the stock has declined by -34.18% since its 52-week high.
HTZ stock investors should be aware that Hertz Global Holdings Inc. (HTZ) stock had its last reported insider trading activity 138 days ago on May 08. Leef Eric, the EVP, Chief HR Officer of the company, disposed of 1,946 shares for $16.23 on May 08. It resulted in a $31,584 divestment by the insider. Leef Eric sold 4,034 shares at an average price of $19.31 on Feb 09. The insider now owns 40,809 shares following the transaction.
Valuation Metrics
Right now, Hertz Global Holdings Inc. (HTZ) has a P/E ratio of about 4.64. The stock’s beta is 2.07. Besides these, the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 1.49.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 6.13, and the total debt-to-equity ratio was 6.13. On the profitability front, the trailing twelve-month gross margin is 43.20% percent. In the year ended June 29, EBITDA margin amounted to 34.72%, whereas operating margins totaled 15.30%. Based on annual data, HTZ earned $3.88 billion in gross profit and brought in $8.69 billion in revenue.
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 13.90%. Return on equity (ROE) for the past 12 months was 37.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Hertz Global Holdings Inc. to report $0.64 quarterly earnings, the actual figure was $0.72 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated $909.0 million in EBITDA. The liabilities of Hertz Global Holdings Inc. were 23.26 billion at the end of its most recent quarter ended June 29, and its total debt was $18.64 billion. The value of shareholders’ equity is $311.26 million.
Technical Picture
This quick technical analysis looks at Hertz Global Holdings Inc.’s (HTZ) price momentum. With a historical volatility rate of 58.55%, the RSI 9-day stood at 17.45% on 22 September.
With respect to its five-day moving average, the current Hertz Global Holdings Inc. price is down by -16.38% percent or -$2.64. At present, HTZ shares trade -21.58% below its 20-day simple moving average and -18.30% percent below its 100-day simple moving average. However, the stock is currently trading approximately -28.68% below its SMA50 and -17.65% below its SMA200.
Stochastic coefficient K was 2.59% and Stochastic coefficient D was 7.32%, while ATR was 0.59. Given the Stochastic reading of 1.04% for the 14-day period, the RSI (14) reading has been calculated as 23.47%. As of today, the MACD Oscillator reading stands at -0.83, while the 14-day reading stands at -1.11.
