Hertz Global Holdings Inc. [NASDAQ: HTZ] slipped around -0.33 points on Tuesday, while shares priced at $6.57 at the close of the session, down -4.78%.
Compared to the average trading volume of 5.28M shares, HTZ reached a trading volume of 4251584 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Hertz Global Holdings Inc. [HTZ]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HTZ shares is $9.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HTZ stock is a recommendation set at 3.22. 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.
Goldman have made an estimate for Hertz Global Holdings Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on April 04, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Neutral. The new note on the price target was released on March 19, 2024, representing the official price target for Hertz Global Holdings Inc. stock. Previously, the target price had yet another drop from $15 to $10, while Morgan Stanley kept a Equal-Weight rating on HTZ stock. On January 25, 2024, analysts decreased their price target for HTZ shares from 17 to 11.
The Average True Range (ATR) for Hertz Global Holdings Inc. is set at 0.36, with the Price to Sales ratio for HTZ stock in the period of the last 12 months amounting to 0.10. The Price to Book ratio for the last quarter was 0.65, with the Price to Cash per share for the same quarter was set at 8.49.
How has HTZ stock performed recently?
Hertz Global Holdings Inc. [HTZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.77. With this latest performance, HTZ shares dropped by -13.32% in over the last four-week period, additionally sinking by -40.38% over the last 6 months – not to mention a drop of -57.20% 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 HTZ stock in for the last two-week period is set at 35.47, with the RSI for the last a single of trading hit 30.82, and the three-weeks RSI is set at 38.09 for Hertz Global Holdings Inc. [HTZ]. The present Moving Average for the last 50 days of trading for this stock 7.63, while it was recorded at 6.96 for the last single week of trading, and 11.33 for the last 200 days.
Hertz Global Holdings Inc. [HTZ]: Deeper insight into the fundamentals
Hertz Global Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.82 and a Current Ratio set at 1.82.
Insider trade positions for Hertz Global Holdings Inc. [HTZ]
The top three institutional holders of HTZ stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HTZ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HTZ stock with ownership which is approximately 5.8386%.
