Harley-Davidson, Inc. (NYSE: HOG) has a price-to-earnings ratio that is above its average at 7.65x. The stock has a 36-month beta value of 1.48. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 16 as “hold,” and 1 as “sell.”
The public float for HOG is 133.40M, and at present, short sellers hold a 6.01% of that float. On July 23, 2024, the average trading volume of HOG was 1.72M shares.
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HOG) stock’s latest price update
Harley-Davidson, Inc. (NYSE: HOG)’s stock price has dropped by -2.65 in relation to previous closing price of 35.33. Nevertheless, the company has seen a loss of -5.33% in its stock price over the last five trading days. zacks.com reported 2024-07-18 that Harley-Davidson (HOG) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HOG’s Market Performance
Harley-Davidson, Inc. (HOG) has seen a -5.33% fall in stock performance for the week, with a 2.15% gain in the past month and a -11.79% plunge in the past quarter. The volatility ratio for the week is 4.14%, and the volatility levels for the past 30 days are at 2.90% for HOG. The simple moving average for the past 20 days is 2.02% for HOG’s stock, with a -0.72% simple moving average for the past 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 0.28% 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 -22.12% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 4.14%, as shares surge +0.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.41% upper at present.
During the last 5 trading sessions, HOG fell by -5.73%, which changed the moving average for the period of 200-days by +8.63% in comparison to the 20-day moving average, which settled at $33.72. In addition, Harley-Davidson, Inc. saw -6.64% 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
- 0.34 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 22.74.
Currently, EBITDA for the company is 896.36 million with net debt to EBITDA at 7.29. When we switch over and look at the enterprise to sales, we see a ratio of 1.77. 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 sum up, Harley-Davidson, Inc. (HOG) 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.
