The price-to-earnings ratio for Harley-Davidson, Inc. (NYSE: HOG) is 8.89x, which is above its average ratio. Moreover, the 36-month beta value for HOG is 1.46. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 16 as “hold,” and 1 as “sell.”
The public float for HOG is 135.63M and currently, short sellers hold a 5.05% of that float. On April 10, 2024, HOG’s average trading volume was 1.64M shares.
HOG) stock’s latest price update
Harley-Davidson, Inc. (NYSE: HOG)’s stock price has dropped by -0.69 in relation to previous closing price of 43.18. Nevertheless, the company has seen a loss of -0.49% in its stock price over the last five trading days. InvestorPlace reported 2024-04-08 that “Let your winners run.” That’s the advice I gave two months ago in arguing for investors to not take profits on winning investments even if they seem like overvalued stocks.
HOG’s Market Performance
HOG’s stock has fallen by -0.49% in the past week, with a monthly rise of 11.46% and a quarterly rise of 21.85%. The volatility ratio for the week is 3.91% while the volatility levels for the last 30 days are 2.80% for Harley-Davidson, Inc. . The simple moving average for the past 20 days is 1.71% for HOG’s stock, with a 24.55% simple moving average for the past 200 days.
Analysts’ Opinion of HOG
Many brokerage firms have already submitted their reports for HOG stocks, with DA Davidson repeating the rating for HOG by listing it as a “Buy.” The predicted price for HOG in the upcoming period, according to DA Davidson is $47 based on the research report published on July 21, 2023 of the previous year 2023.
UBS, on the other hand, stated in their research note that they expect to see HOG reach a price target of $40, previously predicting the price at $49. The rating they have provided for HOG stocks is “Neutral” according to the report published on July 13th, 2023.
HOG Trading at 11.11% from the 50-Day Moving Average
After a stumble in the market that brought HOG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.90% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 3.91%, as shares surge +9.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.43% upper at present.
During the last 5 trading sessions, HOG fell by -0.49%, which changed the moving average for the period of 200-days by +27.28% in comparison to the 20-day moving average, which settled at $42.35. In addition, Harley-Davidson, Inc. saw 16.40% 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 HOG starting from Masood Rafeh, who purchase 1,302 shares at the price of $38.40 back on Aug 01 ’23. After this action, Masood Rafeh now owns 2,637 shares of Harley-Davidson, Inc., valued at $49,997 using the latest closing price.
Stock Fundamentals for HOG
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.37 for the gross margin
The net margin for Harley-Davidson, Inc. stands at 0.12. The total capital return value is set at 0.09. Equity return is now at value 22.95, with 5.98 for asset returns.
Based on Harley-Davidson, Inc. (HOG), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 2.2. The interest coverage ratio of the stock is -488.46.
Currently, EBITDA for the company is 896.36 million with net debt to EBITDA at 6.81. When we switch over and look at the enterprise to sales, we see a ratio of 1.96. The receivables turnover for the company is 2.45for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
To wrap up, the performance of Harley-Davidson, Inc. (HOG) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
