The price-to-earnings ratio for Holley Inc (NYSE: HLLY) is above average at 13.87x. The 36-month beta value for HLLY is also noteworthy at 1.47. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for HLLY is 56.93M, and at present, short sellers hold a 4.24% of that float. The average trading volume of HLLY on November 08, 2024 was 362.08K shares.
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HLLY) stock’s latest price update
Holley Inc (NYSE: HLLY) has seen a decline in its stock price by -3.99 in relation to its previous close of 2.76. However, the company has experienced a 1.15% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-08 that Holley Inc. (HLLY) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.02. This compares to earnings of $0.03 per share a year ago.
HLLY’s Market Performance
Holley Inc (HLLY) has seen a 1.15% rise in stock performance for the week, with a -2.93% decline in the past month and a -11.67% plunge in the past quarter. The volatility ratio for the week is 4.05%, and the volatility levels for the past 30 days are at 3.60% for HLLY. The simple moving average for the past 20 days is -4.23% for HLLY’s stock, with a -28.42% simple moving average for the past 200 days.
Analysts’ Opinion of HLLY
Many brokerage firms have already submitted their reports for HLLY stocks, with Telsey Advisory Group repeating the rating for HLLY by listing it as a “Outperform.” The predicted price for HLLY in the upcoming period, according to Telsey Advisory Group is $5.50 based on the research report published on August 08, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see HLLY reach a price target of $6.50, previously predicting the price at $9. The rating they have provided for HLLY stocks is “Outperform” according to the report published on May 09th, 2024.
JP Morgan gave a rating of “Neutral” to HLLY, setting the target price at $5 in the report published on February 20th of the current year.
HLLY Trading at -9.67% from the 50-Day Moving Average
After a stumble in the market that brought HLLY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.33% of loss for the given period.
Volatility was left at 3.60%, however, over the last 30 days, the volatility rate increased by 4.05%, as shares sank -8.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.85% lower at present.
During the last 5 trading sessions, HLLY fell by -0.57%, which changed the moving average for the period of 200-days by -46.29% in comparison to the 20-day moving average, which settled at $2.76. In addition, Holley Inc saw -45.59% 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 HLLY starting from Rubel Matthew E, who purchase 14,493 shares at the price of $3.39 back on Jun 12 ’24. After this action, Rubel Matthew E now owns 169,979 shares of Holley Inc, valued at $49,131 using the latest closing price.
Clempson Graham, the Director of Holley Inc, purchase 59,076 shares at $4.18 during a trade that took place back on Mar 14 ’24, which means that Clempson Graham is holding 63,851 shares at $247,168 based on the most recent closing price.
Stock Fundamentals for HLLY
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.36 for the gross margin
The net margin for Holley Inc stands at 0.03. The total capital return value is set at 0.06. Equity return is now at value 5.07, with 1.86 for asset returns.
Based on Holley Inc (HLLY), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.2. The interest coverage ratio of the stock is 1.18.
Currently, EBITDA for the company is 127.02 million with net debt to EBITDA at 5.8. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The receivables turnover for the company is 13.89for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.80.
Conclusion
In summary, Holley Inc (HLLY) 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.
