In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Hertz Global Holdings Inc (NASDAQ: HTZ) was $4.02 for the day, up 1.26% from the previous closing price of $3.97. In other words, the price has increased by $1.26 from its previous closing price. On the day, 2.32 million shares were traded. HTZ stock price reached its highest trading level at $4.1 during the session, while it also had its lowest trading level at $3.89.
Ratios:
Our analysis of HTZ’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.57 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 27.87 whereas as Long-Term Debt/Eq ratio is at 27.87.
On September 19, 2024, Barclays started tracking the stock assigning a Underweight rating and target price of $3.
BofA Securities Downgraded its Neutral to Underperform on April 26, 2024, whereas the target price for the stock was revised from $9 to $3.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 03 ’24 when Leef Eric bought 4,034 shares for $4.51 per share.
Leef Eric sold 4,034 shares of HTZ for $18,193 on Dec 03 ’24. The EVP, Chief HR Officer now owns 321,830 shares after completing the transaction at $4.51 per share. On Nov 22 ’24, another insider, FIELDS MARK, who serves as the Director of the company, sold 75,000 shares for $4.05 each. As a result, the insider received 303,750 and left with 301,135 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HTZ now has a Market Capitalization of 1232893696 and an Enterprise Value of 19707891712. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 2.144 whereas that against EBITDA is -18.064.
Stock Price History:
The Beta on a monthly basis for HTZ is 2.46, which has changed by -0.547836 over the last 52 weeks, in comparison to a change of 0.24359846 over the same period for the S&P500. Over the past 52 weeks, HTZ has reached a high of $9.07, while it has fallen to a 52-week low of $2.47. The 50-Day Moving Average of the stock is 1.35%, while the 200-Day Moving Average is calculated to be 1.06%.
Shares Statistics:
HTZ traded an average of 5.73M shares per day over the past three months and 4021980 shares per day over the past ten days. A total of 306.51M shares are outstanding, with a floating share count of 137.17M. Shares short for HTZ as of 1735603200 were 42068039 with a Short Ratio of 7.35, compared to 1732838400 on 43762462. Therefore, it implies a Short% of Shares Outstanding of 42068039 and a Short% of Float of 34.25.
