Hertz Global Holdings Inc. (NASDAQ:HTZ) finished Friday with an addition of $0.02 to close at $12.25, an upside of 0.16 percent. An average of 4,633,980 shares of common stock have been traded in the last five days. There was a fall of -$1.23 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 3,498,250 shares traded, while the 50-day average volume stands at 3,151,296.
HTZ stock has decreased by -27.98% in the last month. The company shares reached their 1-month lowest point of $11.90 on 09/28/23. With the stock rallying to its 52-week high on 03/06/23, shares of the company touched a low of $11.90 and a high of $20.48 in 52 weeks. It has reached a new high 19 times so far this year and lost -20.40% or -$3.14 in price. In spite of this, the price is down -40.19% from the 52-week high.
Insider Transactions
HTZ stock investors should be aware that Hertz Global Holdings Inc. (HTZ) stock had its last reported insider trading activity 145 days ago on May 08. In this transaction, the insider spent $31,584. EVP, Chief HR Officer, Leef Eric, disposed of 4,034 shares at a price of $19.31 on Feb 09. The insider now owns more than $77,897 worth of shares.
Valuation Metrics
Hertz Global Holdings Inc. (HTZ) has a trailing price-to-earnings (P/E) ratio of 5.18. The stock’s beta is 2.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.19, the price-to-book (PB) ratio at 1.34.
Financial Health
The quick ratio of Hertz Global Holdings Inc. for the three months ended June 29 was 1.63, and the current ratio was 1.63, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 6.57 and a total debt to equity ratio of 6.57 for the quarter ending June 29. Its gross profit as reported stood at $3.88 billion compared to revenue of $8.69 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Hertz Global Holdings Inc.’s return on assets was 4.27%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $139.0 million in the quarter, while revenues were shrunk -576.26%. The analyst consensus anticipated Hertz Global Holdings Inc.’s latest quarter earnings to come in at $0.64 per share, but it turned out to be $0.72, a 12.50% surprise. For the quarter, EBITDA amounted to $909.0 million. Shareholders own equity worth $311.26 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Hertz Global Holdings Inc. (HTZ) price momentum. RSI 9-day as of the close on 29 September was 17.28%, suggesting the stock is oversold, with historical volatility in this time frame at 50.63%.
As of today, HTZ’s price is $12.44 -9.12% or -$1.23 from its 5-day moving average. HTZ is currently trading -27.73% lower than its 20-day SMA and -24.89% lower than its 100-day SMA. However, the stock’s current price level is -32.80% below the SMA50 and -23.68% below the SMA200.
The stochastic %K and %D were 5.38% and 3.41%, respectively, and the average true range (ATR) was 0.55. With the 14-day stochastic at 7.73% and the average true range at 0.54, the RSI (14) stands at 21.38%. The stock has reached -1.38 on the 9-day MACD Oscillator while the 14-day reading was at -2.24.
Analyst Ratings
Jefferies launched coverage on Hertz Global Holdings Inc. (NASDAQ: HTZ) in its analyst report released on July 05, 2023. The firm assigned the stock a Buy rating. The consensus rating for Hertz Global Holdings Inc. (HTZ) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HTZ, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is HTZ’s price target for the next 12 months?
Analysts predict a range of price targets between $18.00 and $26.00, with a median target of $20.50. Taking a look at these predictions, the average price target given by analysts for Hertz Global Holdings Inc. (HTZ) stock is $21.17.
