Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Hertz Global Holdings Inc (NASDAQ: HTZ) was $4.04 for the day, down -3.12% from the previous closing price of $4.17. In other words, the price has decreased by -$3.12 from its previous closing price. On the day, 3.68 million shares were traded.
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 1.64 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 123.58 whereas as Long-Term Debt/Eq ratio is at 119.92.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 8.10.
Stock Price History:
Over the past 52 weeks, HTZ has reached a high of $8.20, while it has fallen to a 52-week low of $2.47. The 50-Day Moving Average of the stock is 0.98%, while the 200-Day Moving Average is calculated to be 7.13%.
Shares Statistics:
A total of 306.69M shares are outstanding, with a floating share count of 137.17M.
