Hertz Global Holdings Inc (HTZ) Stock: Beyond the Surface of Its Performance?

BofA Securities has recently reduced Hertz Global Holdings Inc (HTZ) stock to Underperform rating, as announced on April 26, 2024, according to Finviz. Earlier, on April 4, 2024, Goldman had reduced the stock from a Neutral to Sell, setting a price target of $7. for HTZ stock. BofA Securities also initiated Neutral rating with a price target of $9. Additionally, Morgan Stanley reduced their rating on February 8, 2024, with a target price of $10. JP Morgan analysts, in their report published on January 25, 2024, also reduced Neutral rating and set a price target of $17 for Hertz Global Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.


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Hertz Global Holdings Inc (HTZ) Stock Trading Recap

On Friday, Hertz Global Holdings Inc (HTZ) stock saw a decline, ending the day at $2.71 which represents a decrease of $-0.11 or -3.90% from the prior close of $2.82. The stock opened at $2.8 and touched a low of $2.71 during the day, reaching a high of $2.88. The volume of shares traded was 5.46 million falling short of the average volume of 7.35 million.

HTZ Stock Performance and Moving Averages

In recent trading, Hertz Global Holdings Inc (HTZ) stock price has shown some volatility, fluctuating -15.31% over the last five trades and -25.14% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -63.87%, and it has plunged by -28.50% in the previous three months. Currently, HTZ is trading at -18.20%, -24.81%, and -57.03% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, HTZ, a Industrials sector stock, is trading -84.25% below its 52-week high but remains -3.21% above its 52-week low. The Average True Range (ATR) (14 days) of 0.24 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

Hertz Global Holdings Inc’s Profitability and Valuation Ratios

Hertz Global Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -2.94% and a profit margin of -8.26%, with a gross margin of -63.87%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, Hertz Global Holdings Inc’s market capitalization stands at $385.15 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 0.04, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.42, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 3.50% of Hertz Global Holdings Inc (HTZ)’s shares.

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