The price-to-earnings ratio for Heritage Insurance Holdings Inc (NYSE: HRTG) is above average at 5.57x, Company’s 36-month beta value is 0.99.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for HRTG is 22.58M, and currently, short sellers hold a 4.59% ratio of that floaft. The average trading volume of HRTG on November 06, 2024 was 623.31K shares.
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HRTG) stock’s latest price update
Heritage Insurance Holdings Inc (NYSE: HRTG)’s stock price has soared by 9.46 in relation to previous closing price of 9.94. Nevertheless, the company has seen a gain of 3.62% in its stock price over the last five trading days. zacks.com reported 2024-11-04 that Heritage Insurance’s third-quarter results are likely to reflect improving premiums offset by higher catastrophe losses.
HRTG’s Market Performance
Heritage Insurance Holdings Inc (HRTG) has experienced a 3.62% rise in stock performance for the past week, with a 16.49% rise in the past month, and a 47.03% rise in the past quarter. The volatility ratio for the week is 6.99%, and the volatility levels for the past 30 days are at 7.38% for HRTG. The simple moving average for the past 20 days is 3.16% for HRTG’s stock, with a 13.41% simple moving average for the past 200 days.
Analysts’ Opinion of HRTG
Many brokerage firms have already submitted their reports for HRTG stocks, with Piper Sandler repeating the rating for HRTG by listing it as a “Overweight.” The predicted price for HRTG in the upcoming period, according to Piper Sandler is $13 based on the research report published on August 09, 2024 of the current year 2024.
Piper Sandler gave a rating of “Neutral” to HRTG, setting the target price at $2.20 in the report published on February 13th of the previous year.
HRTG Trading at -16.61% 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 -35.62% of loss for the given period.
Volatility was left at 7.38%, however, over the last 30 days, the volatility rate increased by 6.99%, as shares surge +13.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.39% lower at present.
During the last 5 trading sessions, HRTG rose by +3.62%, which changed the moving average for the period of 200-days by +68.68% in comparison to the 20-day moving average, which settled at $10.55. In addition, Heritage Insurance Holdings Inc saw 66.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HRTG starting from WIDDICOMBE RICHARD A, who purchase 4,437 shares at the price of $14.55 back on Aug 16 ’24. After this action, WIDDICOMBE RICHARD A now owns 696,497 shares of Heritage Insurance Holdings Inc, valued at $64,558 using the latest closing price.
WIDDICOMBE RICHARD A, the Chairman of Heritage Insurance Holdings Inc, sale 4,437 shares at $15.01 during a trade that took place back on Aug 16 ’24, which means that WIDDICOMBE RICHARD A is holding 692,060 shares at $66,599 based on the most recent closing price.
Stock Fundamentals for HRTG
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 1.0 for the gross margin
The net margin for Heritage Insurance Holdings Inc stands at 0.07. The total capital return value is set at 0.05. Equity return is now at value 27.22, with 3.85 for asset returns.
Based on Heritage Insurance Holdings Inc (HRTG), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 1.65. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 3.14.
Currently, EBITDA for the company is 63.22 million with net debt to EBITDA at 16.55. When we switch over and look at the enterprise to sales, we see a ratio of -0.01. The receivables turnover for the company is 1.19for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
In a nutshell, Heritage Insurance Holdings Inc (HRTG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
