The price-to-earnings ratio for Heritage Insurance Holdings Inc. (NYSE: HRTG) is above average at 3.84x. The 36-month beta value for HRTG is also noteworthy at 0.91. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for HRTG is 22.54M, and at present, short sellers hold a 4.25% of that float. The average trading volume of HRTG on July 04, 2024 was 425.82K shares.
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HRTG) stock’s latest price update
Heritage Insurance Holdings Inc. (NYSE: HRTG)’s stock price has dropped by -0.78 in relation to previous closing price of 6.36. Nevertheless, the company has seen a loss of -10.75% in its stock price over the last five trading days. investorplace.com reported 2024-06-12 that Stocks are inherently enticing. First, they let you purchase the power to have a say in the operations of a company through voting.
HRTG’s Market Performance
HRTG’s stock has fallen by -10.75% in the past week, with a monthly drop of -23.42% and a quarterly drop of -41.95%. The volatility ratio for the week is 6.28% while the volatility levels for the last 30 days are 4.49% for Heritage Insurance Holdings Inc. The simple moving average for the past 20 days is -15.62% for HRTG’s stock, with a -15.60% simple moving average for the past 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 -24.69% 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 -43.81% of loss for the given period.
Volatility was left at 4.49%, however, over the last 30 days, the volatility rate increased by 6.28%, as shares sank -20.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.89% lower at present.
During the last 5 trading sessions, HRTG fell by -8.49%, which changed the moving average for the period of 200-days by +23.71% in comparison to the 20-day moving average, which settled at $7.39. In addition, Heritage Insurance Holdings Inc. saw -3.22% 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 HRTG starting from WHITING PAUL L, who purchase 5,000 shares at the price of $7.74 back on May 28 ’24. After this action, WHITING PAUL L now owns 64,662 shares of Heritage Insurance Holdings Inc., valued at $38,700 using the latest closing price.
Pappas Nicholas George, the Director of Heritage Insurance Holdings Inc., sale 6,000 shares at $8.56 during a trade that took place back on May 08 ’24, which means that Pappas Nicholas George is holding 75,400 shares at $51,360 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 3.31 for asset returns.
Based on Heritage Insurance Holdings Inc. (HRTG), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 2.14.
Currently, EBITDA for the company is 63.22 million with net debt to EBITDA at 150.83. When we switch over and look at the enterprise to sales, we see a ratio of -0.06. The receivables turnover for the company is 1.13for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
Conclusion
In summary, Heritage Insurance Holdings Inc. (HRTG) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
