Hertz Global Holdings Inc. (NASDAQ: HTZ) has seen a decline in its stock price by -3.20 in relation to its previous close of 5.00. However, the company has experienced a 9.50% gain in its stock price over the last five trading sessions. Market Watch reported 2024-05-04 that The promised American switch to electric vehicles from gas-engine cars is hitting speed bumps, and a new survey offers fresh indications of that slowdown.
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 that is above its average at 7.84x. The stock has a 36-month beta value of 2.16. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 4 as “sell.”
The public float for HTZ is 138.27M, and at present, short sellers hold a 17.13% of that float. On May 06, 2024, the average trading volume of HTZ was 6.37M shares.
HTZ’s Market Performance
The stock of Hertz Global Holdings Inc. (HTZ) has seen a 9.50% increase in the past week, with a -33.24% drop in the past month, and a -44.37% fall in the past quarter. The volatility ratio for the week is 7.08%, and the volatility levels for the past 30 days are at 6.33% for HTZ. The simple moving average for the last 20 days is -19.78% for HTZ stock, with a simple moving average of -54.05% for the last 200 days.
Analysts’ Opinion of HTZ
Many brokerage firms have already submitted their reports for HTZ stocks, with BofA Securities repeating the rating for HTZ by listing it as a “Underperform.” The predicted price for HTZ in the upcoming period, according to BofA Securities is $3 based on the research report published on April 26, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see HTZ reach a price target of $7, previously predicting the price at $8. The rating they have provided for HTZ stocks is “Sell” according to the report published on April 04th, 2024.
BofA Securities gave a rating of “Neutral” to HTZ, setting the target price at $9 in the report published on March 19th of the current year.
HTZ Trading at -30.42% 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 -75.00% of loss for the given period.
Volatility was left at 6.33%, however, over the last 30 days, the volatility rate increased by 7.08%, as shares sank -33.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.33% lower at present.
During the last 5 trading sessions, HTZ rose by +9.50%, which changed the moving average for the period of 200-days by -74.42% in comparison to the 20-day moving average, which settled at $5.91. In addition, Hertz Global Holdings Inc. saw -53.42% 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 West W Gilbert, who purchase 250,000 shares at the price of $4.46 back on Apr 30 ’24. After this action, West W Gilbert now owns 2,160,369 shares of Hertz Global Holdings Inc., valued at $1,114,100 using the latest closing price.
Leef Eric, the EVP, Chief HR Officer of Hertz Global Holdings Inc., sale 1,946 shares at $16.23 during a trade that took place back on May 08 ’23, which means that Leef Eric is holding 55,723 shares at $31,584 based on the most recent closing price.
Stock Fundamentals for HTZ
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.16 for the gross margin
The net margin for Hertz Global Holdings Inc. stands at 0.02. The total capital return value is set at 0.02. Equity return is now at value 8.38, with 0.97 for asset returns.
Based on Hertz Global Holdings Inc. (HTZ), the company’s capital structure generated 0.86 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 6.0. The interest coverage ratio of the stock is 0.6.
Currently, EBITDA for the company is 3.33 billion with net debt to EBITDA at 4.55. When we switch over and look at the enterprise to sales, we see a ratio of 1.95. The receivables turnover for the company is 7.75for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
To sum up, Hertz Global Holdings Inc. (HTZ) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
