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The closing price of Holley Inc (NYSE: HLLY) was $2.76 for the day, down -2.82% from the previous closing price of $2.84. In other words, the price has decreased by -$2.82 from its previous closing price. On the day, 0.58 million shares were traded. HLLY stock price reached its highest trading level at $2.87 during the session, while it also had its lowest trading level at $2.73.
Ratios:
Our analysis of HLLY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.63. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 2.80. In the meantime, Its Debt-to-Equity ratio is 1.27 whereas as Long-Term Debt/Eq ratio is at 1.24.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on August 08, 2024, Reiterated its Outperform rating but revised its target price to $5.50 from $6.50 previously.
On May 09, 2024, Telsey Advisory Group reiterated its Outperform rating and also upped its target price recommendation from $9 to $6.50.
JP Morgan Downgraded its Overweight to Neutral on February 20, 2024, whereas the target price for the stock was revised from $6.50 to $5.
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 Jun 12 ’24 when Rubel Matthew E bought 14,493 shares for $3.39 per share. The transaction valued at 49,131 led to the insider holds 169,979 shares of the business.
Clempson Graham bought 59,076 shares of HLLY for $247,168 on Mar 14 ’24. The Director now owns 63,851 shares after completing the transaction at $4.18 per share. On Mar 15 ’24, another insider, Clempson Graham, who serves as the Director of the company, bought 40,924 shares for $4.23 each. As a result, the insider paid 172,933 and bolstered with 104,775 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, HLLY now has a Market Capitalization of 330584512 and an Enterprise Value of 861358400. As of this moment, Holley’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.45, and their Forward P/E ratio for the next fiscal year is 7.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 1.345 whereas that against EBITDA is 8.464.
Stock Price History:
Over the past 52 weeks, HLLY has reached a high of $5.23, while it has fallen to a 52-week low of $2.54. The 50-Day Moving Average of the stock is -6.28%, while the 200-Day Moving Average is calculated to be -25.67%.
Shares Statistics:
HLLY traded an average of 368.93K shares per day over the past three months and 295340 shares per day over the past ten days. A total of 117.71M shares are outstanding, with a floating share count of 56.93M. Insiders hold about 52.47% of the company’s shares, while institutions hold 40.72% stake in the company. Shares short for HLLY as of 1728950400 were 2416635 with a Short Ratio of 6.55, compared to 1726185600 on 2714430. Therefore, it implies a Short% of Shares Outstanding of 2416635 and a Short% of Float of 4.63.
