JP Morgan has recently reduced Hertz Global Holdings Inc (HTZ) stock to Underweight rating, as announced on October 21, 2024, according to Finviz. Earlier, on September 19, 2024, Barclays had initiated the stock to Underweight, setting a price target of $3. BofA Securities also reduced Underperform rating with a price target of $3. Additionally, Goldman reduced Sell rating on April 4, 2024, with a target price of $7. BofA Securities analysts, in their report published on March 19, 2024, also initiated Neutral rating 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.
Hertz Global Holdings Inc (HTZ) Stock Trading Recap
On Tuesday, Hertz Global Holdings Inc (HTZ) stock saw a decline, ending the day at $4.51 which represents a decrease of $-0.21 or -4.45% from the prior close of $4.72. The stock opened at $4.62 and touched a low of $4.36 during the day, reaching a high of $4.7. The volume of shares traded was 7.43 million exceeding the average volume of 5.97 million.
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HTZ Stock Performance and Moving Averages
In recent trading, Hertz Global Holdings Inc (HTZ) stock price has shown some volatility, fluctuating -1.53% over the last five trades and 61.65% 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 14.47%, and it has gained 54.45% in the previous three months. Currently, HTZ is trading at 14.27%, 30.40%, and -1.08% 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 -58.32% below its 52-week high but remains 82.59% above its 52-week low. The Average True Range (ATR) (14 days) of 0.36 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 financial health. The company currently boasts an operating margin of -7.40% and a profit margin of -29.71%, with a gross margin of 14.47%. 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 $1.38 billion. 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 0.15, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.03, 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 3.49% of Hertz Global Holdings Inc (HTZ)’s shares.
Notable insider trades include FIELDS MARK, Director at Hertz Global Holdings Inc (HTZ), who sold 75000 shares on Nov 22 ’24, at $4.05 each, totaling $0.30 million. On Nov 25 ’24, FIELDS MARK, Director, sold 25000 shares for $4.36 each, amounting to $0.11 million.
