The price-to-earnings ratio for Heritage Insurance Holdings Inc. (NYSE: HRTG) is above average at 4.37x, Company’s 36-month beta value is 0.98.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for HRTG is 22.53M, and currently, short sellers hold a 3.75% ratio of that floaft. The average trading volume of HRTG on May 02, 2024 was 409.50K shares.
HRTG) stock’s latest price update
Heritage Insurance Holdings Inc. (NYSE: HRTG)’s stock price has decreased by -30.13 compared to its previous closing price of 10.29. However, the company has seen a -31.06% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that The headline numbers for Heritage Insurance (HRTG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
HRTG’s Market Performance
Heritage Insurance Holdings Inc. (HRTG) has seen a -31.06% fall in stock performance for the week, with a -33.85% decline in the past month and a 18.26% surge in the past quarter. The volatility ratio for the week is 3.95%, and the volatility levels for the past 30 days are at 4.50% for HRTG. The simple moving average for the last 20 days is -28.01% for HRTG stock, with a simple moving average of 5.47% for the last 200 days.
Analysts’ Opinion of HRTG
Piper Sandler, on the other hand, stated in their research note that they expect to see HRTG reach a price target of $2.20, previously predicting the price at $4.30. The rating they have provided for HRTG stocks is “Neutral” according to the report published on February 13th, 2023.
Piper Sandler gave a rating of “Overweight” to HRTG, setting the target price at $15 in the report published on April 06th of the previous year.
HRTG Trading at -20.70% from the 50-Day Moving Average
After a stumble in the market that brought HRTG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.98% of loss for the given period.
Volatility was left at 4.50%, however, over the last 30 days, the volatility rate increased by 3.95%, as shares sank -31.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.26% upper at present.
During the last 5 trading sessions, HRTG fell by -30.87%, which changed the moving average for the period of 200-days by +69.24% in comparison to the 20-day moving average, which settled at $9.82. In addition, Heritage Insurance Holdings Inc. saw 10.28% 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 HRTG starting from Pappas Nicholas George, who sale 1,000 shares at the price of $10.87 back on Mar 26 ’24. After this action, Pappas Nicholas George now owns 81,400 shares of Heritage Insurance Holdings Inc., valued at $10,870 using the latest closing price.
WHITING PAUL L, the Director of Heritage Insurance Holdings Inc., purchase 20,000 shares at $8.14 during a trade that took place back on Mar 14 ’24, which means that WHITING PAUL L is holding 20,000 shares at $162,800 based on the most recent closing price.
Stock Fundamentals for HRTG
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 1.0 for the gross margin
The net margin for Heritage Insurance Holdings Inc. stands at 0.06. The total capital return value is set at 0.02. Equity return is now at value 23.37, with 3.35 for asset returns.
Based on Heritage Insurance Holdings Inc. (HRTG), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 1.71.
Currently, EBITDA for the company is 63.22 million with net debt to EBITDA at -15.28. When we switch over and look at the enterprise to sales, we see a ratio of -0.15. The receivables turnover for the company is 1.26for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In a nutshell, Heritage Insurance Holdings Inc. (HRTG) has experienced a mixed performance in recent times. The stock has received mixed “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.
