The stock of Holley Inc. (HLLY) has gone up by 1.89% for the week, with a -26.33% drop in the past month and a 46.74% rise in the past quarter. The volatility ratio for the week is 5.30%, and the volatility levels for the past 30 days are 4.83% for HLLY.. The simple moving average for the past 20 days is -4.87% for HLLY’s stock, with a 54.59% simple moving average for the past 200 days.
Is It Worth Investing in Holley Inc. (NYSE: HLLY) Right Now?
The price-to-earnings ratio for Holley Inc. (NYSE: HLLY) is 18.95x, which is above its average ratio. Moreover, the 36-month beta value for HLLY is 1.67. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Holley Inc. (HLLY) is $9.33, which is $3.93 above the current market price. The public float for HLLY is 50.21M and currently, short sellers hold a 5.45% of that float. On September 15, 2023, HLLY’s average trading volume was 886.74K shares.
HLLY) stock’s latest price update
Holley Inc. (NYSE: HLLY)’s stock price has gone rise by 8.65 in comparison to its previous close of 4.97, however, the company has experienced a 1.89% increase in its stock price over the last five trading days. 24/7 Wall Street reported 2023-08-26 that While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.
HLLY Trading at -7.16% from the 50-Day Moving Average
After a stumble in the market that brought HLLY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.00% of loss for the given period.
Volatility was left at 4.83%, however, over the last 30 days, the volatility rate increased by 5.30%, as shares sank -12.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.48% upper at present.
During the last 5 trading sessions, HLLY rose by +1.89%, which changed the moving average for the period of 200-days by +104.55% in comparison to the 20-day moving average, which settled at $5.64. In addition, Holley Inc. saw 154.72% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HLLY starting from Basham Owen, who sale 5,500,000 shares at the price of $6.30 back on Aug 15. After this action, Basham Owen now owns 49,173,884 shares of Holley Inc., valued at $34,650,000 using the latest closing price.
Coady James D., the Director of Holley Inc., sale 5,500,000 shares at $6.30 during a trade that took place back on Aug 15, which means that Coady James D. is holding 49,173,884 shares at $34,650,000 based on the most recent closing price.
Stock Fundamentals for HLLY
Current profitability levels for the company are sitting at:
- +8.37 for the present operating margin
- +34.71 for the gross margin
The net margin for Holley Inc. stands at +10.72. The total capital return value is set at 5.72, while invested capital returns managed to touch 7.37. Equity return is now at value 7.90, with 2.70 for asset returns.
Based on Holley Inc. (HLLY), the company’s capital structure generated 156.39 points at debt to equity in total, while total debt to capital is 61.00. Total debt to assets is 52.06, with long-term debt to equity ratio resting at 154.71. Finally, the long-term debt to capital ratio is 60.34.
When we switch over and look at the enterprise to sales, we see a ratio of 1.85, with the company’s debt to enterprise value settled at 0.75. The receivables turnover for the company is 13.98 and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.21.
Conclusion
To wrap up, the performance of Holley Inc. (HLLY) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
