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The price of Hertz Global Holdings Inc. (NASDAQ: HTZ) closed at $4.97 in the last session, down -3.50% from day before closing price of $5.15. In other words, the price has decreased by -$3.50 from its previous closing price. On the day, 6.66 million shares were traded. HTZ stock price reached its highest trading level at $5.31 during the session, while it also had its lowest trading level at $4.94.
Ratios:
We take a closer look at HTZ’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 6.35 whereas as Long-Term Debt/Eq ratio is at 6.35.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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.
Leef Eric sold 1,946 shares of HTZ for $31,584 on May 08 ’23. The EVP, Chief HR Officer now owns 55,723 shares after completing the transaction at $16.23 per share.
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 1519890560 and an Enterprise Value of 18892888064. As of this moment, Hertz’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.05, and their Forward P/E ratio for the next fiscal year is 15.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 2.009 whereas that against EBITDA is 71.564.
Stock Price History:
Over the past 52 weeks, HTZ has reached a high of $19.36, while it has fallen to a 52-week low of $4.35. The 50-Day Moving Average of the stock is -27.57%, while the 200-Day Moving Average is calculated to be -52.20%.
Shares Statistics:
According to the various share statistics, HTZ traded on average about 6.29M shares per day over the past 3-months and 13018870 shares per day over the past 10 days. A total of 305.18M shares are outstanding, with a floating share count of 138.27M. Shares short for HTZ as of 1713139200 were 23682621 with a Short Ratio of 3.76, compared to 1710460800 on 24787652. Therefore, it implies a Short% of Shares Outstanding of 23682621 and a Short% of Float of 19.450001.
