In the past week, HY stock has gone down by -16.91%, with a monthly decline of -19.64% and a quarterly plunge of -8.63%. The volatility ratio for the week is 5.35%, and the volatility levels for the last 30 days are 3.37% for Hyster Yale Inc The simple moving average for the past 20 days is -18.00% for HY’s stock, with a -18.86% simple moving average for the past 200 days.
Is It Worth Investing in Hyster Yale Inc (NYSE: HY) Right Now?
Hyster Yale Inc (NYSE: HY) has a higher price-to-earnings ratio of 5.35x compared to its average ratio, The 36-month beta value for HY is at 1.29. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
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The public float for HY is 9.32M, and currently, shorts hold a 7.33% of that float. The average trading volume for HY on November 06, 2024 was 72.19K shares.
HY) stock’s latest price update
Hyster Yale Inc (NYSE: HY)’s stock price has dropped by -14.69 in relation to previous closing price of 62.68. Nevertheless, the company has seen a loss of -16.91% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-05 that Hyster-Yale, Inc. (NYSE:HY ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Christina Kmetko – Investor Relations Rajiv Prasad – President & Chief Executive Officer Scott Minder – Senior Vice President, Chief Financial Officer & Treasurer Al Rankin – Executive Chairman Conference Call Participants Chip Moore – ROTH Ted Jackson – Northland Securities Kirk Ludtke – Imperial Capital Operator Good morning, ladies and gentlemen. Welcome to the Hyster-Yale Materials Handling Third Quarter 2024 Earnings Conference Call.
Analysts’ Opinion of HY
Many brokerage firms have already submitted their reports for HY stocks, with Northland Capital repeating the rating for HY by listing it as a “Outperform.” The predicted price for HY in the upcoming period, according to Northland Capital is $90 based on the research report published on June 05, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see HY reach a price target of $85. The rating they have provided for HY stocks is “Buy” according to the report published on December 05th, 2023.
Northland Capital gave a rating of “Outperform” to HY, setting the target price at $80 in the report published on November 15th of the previous year.
HY Trading at -14.88% from the 50-Day Moving Average
After a stumble in the market that brought HY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.68% of loss for the given period.
Volatility was left at 3.37%, however, over the last 30 days, the volatility rate increased by 5.35%, as shares sank -17.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.15% lower at present.
During the last 5 trading sessions, HY fell by -16.91%, which changed the moving average for the period of 200-days by -22.90% in comparison to the 20-day moving average, which settled at $65.20. In addition, Hyster Yale Inc saw -14.02% 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 HY starting from TAPLIN FRANK F, who sale 11,720 shares at the price of $58.10 back on Mar 04 ’24. After this action, TAPLIN FRANK F now owns 367,152 shares of Hyster Yale Inc, valued at $680,932 using the latest closing price.
TAPLIN FRANK F, the Member of a Group of Hyster Yale Inc, sale 5,000 shares at $58.65 during a trade that took place back on Mar 01 ’24, which means that TAPLIN FRANK F is holding 378,872 shares at $293,250 based on the most recent closing price.
Stock Fundamentals for HY
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.22 for the gross margin
The net margin for Hyster Yale Inc stands at 0.04. The total capital return value is set at 0.29. Equity return is now at value 46.50, with 8.32 for asset returns.
Based on Hyster Yale Inc (HY), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 6.36.
Currently, EBITDA for the company is 297.3 million with net debt to EBITDA at 0.96. When we switch over and look at the enterprise to sales, we see a ratio of 0.29. The receivables turnover for the company is 7.87for trailing twelve months and the total asset turnover is 1.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
In conclusion, Hyster Yale Inc (HY) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
