The stock of Hertz Global Holdings Inc. (HTZ) has seen a -5.65% decrease in the past week, with a -12.07% drop in the past month, and a -23.46% decrease in the past quarter. The volatility ratio for the week is 4.05%, and the volatility levels for the past 30 days are at 4.49% for HTZ. The simple moving average for the past 20 days is -8.75% for HTZ’s stock, with a -40.46% simple moving average for the past 200 days.
Is It Worth Investing in Hertz Global Holdings Inc. (NASDAQ: HTZ) Right Now?
Hertz Global Holdings Inc. (NASDAQ: HTZ) has a price-to-earnings ratio of 3.73x that is above its average ratio. Additionally, the 36-month beta value for HTZ is 2.01. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 4 rating it as “sell.”
The public float for HTZ is 136.30M and currently, short sellers hold a 18.72% ratio of that float. The average trading volume of HTZ on April 15, 2024 was 5.32M shares.
HTZ) stock’s latest price update
Hertz Global Holdings Inc. (NASDAQ: HTZ)’s stock price has decreased by -4.86 compared to its previous closing price of 7.20. However, the company has seen a -5.65% decrease in its stock price over the last five trading sessions. Forbes reported 2024-04-11 that Before his arrest and high-profile murder trial, O.J. Simpson—who died Wednesday—was the celebrity spokesperson for Hertz rental cars and other huge brands, boosting his income during his NFL career and for over a decade after retiring.
Analysts’ Opinion of HTZ
Many brokerage firms have already submitted their reports for HTZ stocks, with Goldman repeating the rating for HTZ by listing it as a “Sell.” The predicted price for HTZ in the upcoming period, according to Goldman is $7 based on the research report published on April 04, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see HTZ reach a price target of $9. The rating they have provided for HTZ stocks is “Neutral” according to the report published on March 19th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to HTZ, setting the target price at $10 in the report published on February 08th of the current year.
HTZ Trading at -11.43% from the 50-Day Moving Average
After a stumble in the market that brought HTZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.62% of loss for the given period.
Volatility was left at 4.49%, however, over the last 30 days, the volatility rate increased by 4.05%, as shares sank -8.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.96% lower at present.
During the last 5 trading sessions, HTZ fell by -5.65%, which changed the moving average for the period of 200-days by -62.11% in comparison to the 20-day moving average, which settled at $7.47. In addition, Hertz Global Holdings Inc. saw -34.07% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HTZ starting from Leef Eric, who sale 1,946 shares at the price of $16.23 back on May 08 ’23. After this action, Leef Eric now owns 55,723 shares of Hertz Global Holdings Inc., valued at $31,584 using the latest closing price.
Stock Fundamentals for HTZ
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.2 for the gross margin
The net margin for Hertz Global Holdings Inc. stands at 0.07. The total capital return value is set at 0.04. Equity return is now at value 21.47, with 2.62 for asset returns.
Based on Hertz Global Holdings Inc. (HTZ), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 5.77. The interest coverage ratio of the stock is 1.1.
Currently, EBITDA for the company is 3.33 billion with net debt to EBITDA at 4.9. When we switch over and look at the enterprise to sales, we see a ratio of 2.04. The receivables turnover for the company is 7.87for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
In conclusion, Hertz Global Holdings Inc. (HTZ) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
