Holley Inc. [NYSE: HLLY] slipped around -1.32 points on Monday, while shares priced at $6.67 at the close of the session, down -16.52%. The company report on July 28, 2022 that Holley Announces Preliminary Second Quarter 2022 Results.
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Company provides updated full year 2022 outlook.
Announces date for the release of its final second quarter 2022 financial results.
Holley Inc. stock is now -48.65% down from its year-to-date (YTD) trading value. HLLY Stock saw the intraday high of $8.07 and lowest of $6.32 per share. The company’s 52-week high price is 14.68, which means current price is +5.54% above from all time high which was touched on 03/17/22.
Compared to the average trading volume of 771.38K shares, HLLY reached a trading volume of 8146571 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Holley Inc. [HLLY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HLLY shares is $12.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HLLY stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Holley Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 29, 2022. While these analysts kept the previous recommendation, Jefferies dropped their target price from $18 to $10. The new note on the price target was released on July 29, 2022, representing the official price target for Holley Inc. stock. Previously, the target price had yet another raise to $14, while JP Morgan analysts kept a Overweight rating on HLLY stock.
The Average True Range (ATR) for Holley Inc. is set at 0.77, with the Price to Sales ratio for HLLY stock in the period of the last 12 months amounting to 1.71. The Price to Book ratio for the last quarter was 2.28, with the Price to Cash per share for the same quarter was set at 0.25.
How has HLLY stock performed recently?
Holley Inc. [HLLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -45.33. With this latest performance, HLLY shares dropped by -36.48% in over the last four-week period, additionally sinking by -42.25% over the last 6 months – not to mention a drop of -43.38% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HLLY stock in for the last two-week period is set at 23.27, with the RSI for the last a single of trading hit 17.40, and the three-weeks RSI is set at 27.84 for Holley Inc. [HLLY]. The present Moving Average for the last 50 days of trading for this stock 10.65, while it was recorded at 10.32 for the last single week of trading, and 11.88 for the last 200 days.
Holley Inc. [HLLY]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Holley Inc. [HLLY] shares currently have an operating margin of +18.44 and a Gross Margin at +39.37. Holley Inc.’s Net Margin is presently recorded at -3.92.
Return on Equity for this stock declined to -10.24, with Return on Assets sitting at -3.76.
Holley Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 3.20.
Insider trade positions for Holley Inc. [HLLY]
There are presently around $262 million, or 81.60% of HLLY stock, in the hands of institutional investors. The top three institutional holders of HLLY stocks are: WASATCH ADVISORS INC with ownership of 14,820,059, which is approximately 40.61% of the company’s market cap and around 0.60% of the total institutional ownership; P2 CAPITAL PARTNERS, LLC, holding 3,632,639 shares of the stock with an approximate value of $24.23 million in HLLY stocks shares; and ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC, currently with $22.31 million in HLLY stock with ownership of nearly 25.385% of the company’s market capitalization.
Positions in Holley Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 51 institutional holders increased their position in Holley Inc. [NYSE:HLLY] by around 9,665,303 shares. Additionally, 23 investors decreased positions by around 4,397,942 shares, while 11 investors held positions by with 25,144,423 shares. The mentioned changes placed institutional holdings at 39,207,668 shares, according to the latest SEC report filing. HLLY stock had 16 new institutional investments in for a total of 746,508 shares, while 6 institutional investors sold positions of 203,323 shares during the same period.