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As of close of business last night, Hertz Global Holdings Inc.’s stock clocked out at $3.44, down -1.15% from its previous closing price of $3.48. In other words, the price has decreased by -$1.15 from its previous closing price. On the day, 3.11 million shares were traded. HTZ stock price reached its highest trading level at $3.5 during the session, while it also had its lowest trading level at $3.35.
Ratios:
To gain a deeper understanding of HTZ’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.41 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 9.95 whereas as Long-Term Debt/Eq ratio is at 9.95.
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 the company, BofA Securities on April 26, 2024, Downgraded its rating to Underperform and sets its target price to $3 from $9 previously.
On April 04, 2024, Goldman Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $8 to $7.
On March 19, 2024, BofA Securities started tracking the stock assigning a Neutral rating and target price of $9.BofA Securities initiated its Neutral rating on March 19, 2024, with a $9 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 30 ’24 when West W Gilbert bought 250,000 shares for $4.46 per share. The transaction valued at 1,114,100 led to the insider holds 2,160,369 shares of the business.
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 1054384128 and an Enterprise Value of 19970643968. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 2.143 whereas that against EBITDA is -34.611.
Stock Price History:
Over the past 52 weeks, HTZ has reached a high of $17.72, while it has fallen to a 52-week low of $2.90. The 50-Day Moving Average of the stock is -7.10%, while the 200-Day Moving Average is calculated to be -48.55%.
Shares Statistics:
It appears that HTZ traded 7.63M shares on average per day over the past three months and 4502100 shares per day over the past ten days. A total of 305.18M shares are outstanding, with a floating share count of 137.10M. Shares short for HTZ as of 1722384000 were 36771797 with a Short Ratio of 4.82, compared to 1719532800 on 38809305. Therefore, it implies a Short% of Shares Outstanding of 36771797 and a Short% of Float of 29.98.
