Hertz Global Holdings Inc. [NASDAQ: HTZ] loss -5.00% or -0.16 points to close at $3.04 with a heavy trading volume of 7216771 shares.
The daily chart for HTZ points out that the company has recorded -61.13% loss over the past six months.
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If we look at the average trading volume of 7.53M shares, HTZ reached to a volume of 7216771 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $4.25 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 3.33. 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.
BofA Securities have made an estimate for Hertz Global Holdings Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on April 26, 2024. While these analysts kept the previous recommendation, Goldman dropped their target price from $8 to $7. The new note on the price target was released on April 04, 2024, representing the official price target for Hertz Global Holdings Inc. stock. Previously, the target price had yet another raise to $9, while BofA Securities analysts kept a Neutral rating on HTZ stock. On February 08, 2024, analysts decreased their price target for HTZ shares from 15 to 10.
The Average True Range (ATR) for Hertz Global Holdings Inc. is set at 0.26, with the Price to Sales ratio for HTZ stock in the period of the last 12 months amounting to 0.05. The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 6.99.
Trading performance analysis for HTZ stock
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 -7.60. With this latest performance, HTZ shares dropped by -19.36% in over the last four-week period, additionally sinking by -61.13% over the last 6 months – not to mention a drop of -82.13% 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 37.67, with the RSI for the last a single of trading hit 33.70, and the three-weeks RSI is set at 39.87 for Hertz Global Holdings Inc. [HTZ]. The present Moving Average for the last 50 days of trading for this stock 3.66, while it was recorded at 3.29 for the last single week of trading, and 6.39 for the last 200 days.
Hertz Global Holdings Inc. [HTZ]: A deeper dive into fundamental analysis
Hertz Global Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.41 and a Current Ratio set at 1.41.
Hertz Global Holdings Inc. [HTZ]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Hertz Global Holdings Inc. posted 0.7/share EPS, while the average EPS was predicted by analysts to be reported at 0.76/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.06. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HTZ.
An analysis of Institutional ownership at Hertz Global Holdings Inc. [HTZ]
There are presently around $98.78%, or 101.50%% of HTZ stock, in the hands of institutional investors. The top three institutional holders of HTZ stocks are: KNIGHTHEAD CAPITAL MANAGEMENT, LLC with ownership of 181.46 million shares, which is approximately 59.4936%. BLACKROCK INC., holding 20.53 million shares of the stock with an approximate value of $$72.45 million in HTZ stocks shares; and BLACKROCK INC., currently with $$48.39 million in HTZ stock with ownership which is approximately 4.4943%.
