Market Insights: Harley-Davidson, Inc. (HOG)’s Notable Drop of -0.66, Closing at 37.54

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As of close of business last night, Harley-Davidson, Inc.’s stock clocked out at $37.54, down -0.66% from its previous closing price of $37.79. In other words, the price has decreased by -$0.66 from its previous closing price. On the day, 1.1 million shares were traded. HOG stock price reached its highest trading level at $38.32 during the session, while it also had its lowest trading level at $37.47.

Ratios:

To gain a deeper understanding of HOG’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.93. For the most recent quarter (mrq), Quick Ratio is recorded 1.32 and its Current Ratio is at 1.50. In the meantime, Its Debt-to-Equity ratio is 2.19 whereas as Long-Term Debt/Eq ratio is at 1.45.

On July 21, 2023, DA Davidson Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $38 to $47.

UBS reiterated its Neutral rating for the stock on July 13, 2023, while the target price for the stock was revised from $49 to $40.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HOG now has a Market Capitalization of 4973975040 and an Enterprise Value of 11207204864. As of this moment, Harley-Davidson,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.66, and their Forward P/E ratio for the next fiscal year is 8.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 1.46. Its current Enterprise Value per Revenue stands at 1.883 whereas that against EBITDA is 12.072.

Stock Price History:

Over the past 52 weeks, HOG has reached a high of $44.16, while it has fallen to a 52-week low of $25.43. The 50-Day Moving Average of the stock is 6.63%, while the 200-Day Moving Average is calculated to be 5.27%.

Shares Statistics:

It appears that HOG traded 1.64M shares on average per day over the past three months and 1264310 shares per day over the past ten days. A total of 136.31M shares are outstanding, with a floating share count of 130.54M. Insiders hold about 0.82% of the company’s shares, while institutions hold 91.68% stake in the company. Shares short for HOG as of 1723680000 were 9935831 with a Short Ratio of 6.07, compared to 1721001600 on 9453238. Therefore, it implies a Short% of Shares Outstanding of 9935831 and a Short% of Float of 7.62.

Dividends & Splits

With its trailing 12-month dividend rate of 0.675, HOG has a forward annual dividend rate of 0.68. Against a Trailing Annual Dividend Yield of 0.017861867The stock’s 5-year Average Dividend Yield is 2.31.

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