Hertz Global Holdings Inc (NASDAQ: HTZ)’s stock price has gone rise by 5.31 in comparison to its previous close of 4.71, however, the company has experienced a 5.08% increase in its stock price over the last five trading days. prnewswire.com reported 2024-12-05 that ESTERO, Fla., Dec. 5, 2024 /PRNewswire/ — Hertz Global Holdings, Inc. (NASDAQ: HTZ) (“Hertz” or the “Company”), a leading global rental car company, today announced that its wholly-owned indirect subsidiary, The Hertz Corporation (“Hertz Corp.”), has priced $500 million in aggregate principal amount of additional 12.625% First Lien Senior Secured Notes due 2029 (the “Notes”) in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
Is It Worth Investing in Hertz Global Holdings Inc (NASDAQ: HTZ) Right Now?
HTZ has 36-month beta value of 2.39. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for HTZ is 137.16M, and currently, short sellers hold a 31.60% ratio of that float. The average trading volume of HTZ on December 09, 2024 was 5.93M shares.
HTZ’s Market Performance
The stock of Hertz Global Holdings Inc (HTZ) has seen a 5.08% increase in the past week, with a 59.49% rise in the past month, and a 89.31% gain in the past quarter. The volatility ratio for the week is 7.85%, and the volatility levels for the past 30 days are at 9.46% for HTZ. The simple moving average for the past 20 days is 16.25% for HTZ’s stock, with a 10.06% simple moving average for the past 200 days.
Analysts’ Opinion of HTZ
Barclays, on the other hand, stated in their research note that they expect to see HTZ reach a price target of $3. The rating they have provided for HTZ stocks is “Underweight” according to the report published on September 19th, 2024.
BofA Securities gave a rating of “Underperform” to HTZ, setting the target price at $3 in the report published on April 26th of the current year.
HTZ Trading at 39.01% from the 50-Day Moving Average
After a stumble in the market that brought HTZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.16% of loss for the given period.
Volatility was left at 9.46%, however, over the last 30 days, the volatility rate increased by 7.85%, as shares surge +61.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +56.79% upper at present.
During the last 5 trading sessions, HTZ rose by +7.63%, which changed the moving average for the period of 200-days by -31.63% in comparison to the 20-day moving average, which settled at $4.27. In addition, Hertz Global Holdings Inc saw -52.26% 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 HTZ starting from Leef Eric, who proposed sale 4,034 shares at the price of $4.51 back on Dec 03 ’24. After this action, Leef Eric now owns shares of Hertz Global Holdings Inc, valued at $18,193 using the latest closing price.
Leef Eric, the EVP, Chief HR Officer of Hertz Global Holdings Inc, sale 4,034 shares at $4.51 during a trade that took place back on Dec 03 ’24, which means that Leef Eric is holding 321,830 shares at $18,193 based on the most recent closing price.
Stock Fundamentals for HTZ
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- -0.02 for the gross margin
The net margin for Hertz Global Holdings Inc stands at -0.3. The total capital return value is set at -0.05. Equity return is now at value -134.17, with -11.25 for asset returns.
Based on Hertz Global Holdings Inc (HTZ), the company’s capital structure generated 0.96 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 24.9. The interest coverage ratio of the stock is -1.18.
Currently, EBITDA for the company is 3.64 billion with net debt to EBITDA at 7.85. When we switch over and look at the enterprise to sales, we see a ratio of 1.91. The receivables turnover for the company is 6.86for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
To put it simply, Hertz Global Holdings Inc (HTZ) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
