The stock of Harley-Davidson, Inc. (HOG) has seen a 9.35% increase in the past week, with a 4.24% gain in the past month, and a 12.79% flourish in the past quarter. The volatility ratio for the week is 3.72%, and the volatility levels for the past 30 days are at 2.90% for HOG. The simple moving average for the last 20 days is 3.39% for HOG stock, with a simple moving average of 6.13% for the last 200 days.
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 7.82x compared to its average ratio, The 36-month beta value for HOG is at 1.45. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 16 as “hold,” and 1 as “sell.”
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The public float for HOG is 130.51M, and currently, shorts hold a 7.36% of that float. The average trading volume for HOG on September 19, 2024 was 1.64M shares.
HOG) stock’s latest price update
Harley-Davidson, Inc. (NYSE: HOG)’s stock price has decreased by -1.24 compared to its previous closing price of 38.84. However, the company has seen a 9.35% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-04 that MILWAUKEE, Sept. 4, 2024 /PRNewswire/ — The Harley-Davidson, Inc. (NYSE: HOG) Board of Directors has approved a cash dividend of $0.1725 per share for the third quarter of 2024.
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 5.90% 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 -13.13% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 3.72%, as shares surge +5.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.52% upper at present.
During the last 5 trading sessions, HOG rose by +9.35%, which changed the moving average for the period of 200-days by +27.91% in comparison to the 20-day moving average, which settled at $37.19. In addition, Harley-Davidson, Inc. saw 4.13% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HOG
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.31 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 20.45, with 5.47 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 0.12. The debt to equity ratio resting at 2.17. The interest coverage ratio of the stock is 23.61.
Currently, EBITDA for the company is 896.36 million with net debt to EBITDA at 6.62. When we switch over and look at the enterprise to sales, we see a ratio of 1.78. The receivables turnover for the company is 2.13for 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 1.50.
Conclusion
In conclusion, Harley-Davidson, Inc. (HOG) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
