Harley-Davidson, Inc. (NYSE: HOG)’s stock price has increased by 0.25 compared to its previous closing price of 35.61. However, the company has seen a 3.81% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-26 that For 2024, Harley Davidson (HOG) expects revenues from HDMC to be flat to down 9%, with an expected operating income margin ranging from 12.6% to 13.6%.
Is It Worth Investing in Harley-Davidson, Inc. (NYSE: HOG) Right Now?
Harley-Davidson, Inc. (NYSE: HOG) has a higher price-to-earnings ratio of 7.94x compared to its average ratio. HOG has 36-month beta value of 1.50. Analysts have mixed views 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 135.37M, and currently, short sellers hold a 5.08% ratio of that float. The average trading volume of HOG on May 08, 2024 was 1.99M shares.
HOG’s Market Performance
HOG stock saw a decrease of 3.81% in the past week, with a monthly decline of -17.32% and a quarterly a decrease of 4.51%. The volatility ratio for the week is 2.42%, and the volatility levels for the last 30 days are 3.77% for Harley-Davidson, Inc. (HOG). The simple moving average for the last 20 days is -5.07% for HOG stock, with a simple moving average of 2.99% for the last 200 days.
Analysts’ Opinion of HOG
Many brokerage firms have already submitted their reports for HOG stocks, with Morgan Stanley repeating the rating for HOG by listing it as a “Overweight.” The predicted price for HOG in the upcoming period, according to Morgan Stanley is $50 based on the research report published on April 23, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see HOG reach a price target of $47, previously predicting the price at $38. The rating they have provided for HOG stocks is “Buy” according to the report published on July 21st, 2023.
UBS gave a rating of “Neutral” to HOG, setting the target price at $40 in the report published on July 13th of the previous year.
HOG Trading at -9.36% 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 -19.16% of loss for the given period.
Volatility was left at 3.77%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares sank -16.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.83% lower at present.
During the last 5 trading sessions, HOG rose by +3.81%, which changed the moving average for the period of 200-days by -4.26% in comparison to the 20-day moving average, which settled at $37.25. In addition, Harley-Davidson, Inc. saw -3.09% 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 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:
- 0.12 for the present operating margin
- 0.32 for the gross margin
The net margin for Harley-Davidson, Inc. stands at 0.11. The total capital return value is set at 0.08. Equity return is now at value 19.82, with 5.23 for asset returns.
Based on Harley-Davidson, Inc. (HOG), the company’s capital structure generated 0.68 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 2.16. The interest coverage ratio of the stock is 21.87.
Currently, EBITDA for the company is 896.36 million with net debt to EBITDA at 7.5. When we switch over and look at the enterprise to sales, we see a ratio of 1.82. The receivables turnover for the company is 2.04for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.54.
Conclusion
To put it simply, Harley-Davidson, Inc. (HOG) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
