Hertz Global Holdings Inc [NASDAQ: HTZ] closed the trading session at $3.76.
The stocks have a year to date performance of 2.73 percent and weekly performance of -11.74 percent. The stock has been moved at 38.75 percent over the last six months. The stock has performed -12.56 percent around the most recent 30 days and changed -18.26 percent over the most recent 3-months.
If compared to the average trading volume of 4.30M shares, HTZ reached to a volume of 9287769 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $3.39 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 3.70. 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 Hertz Global Holdings Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on October 21, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Underweight. The new note on the price target was released on September 19, 2024, representing the official price target for Hertz Global Holdings Inc stock. Previously, the target price had yet another drop from $9 to $3, while BofA Securities kept a Underperform rating on HTZ stock. On April 04, 2024, analysts decreased their price target for HTZ shares from 8 to 7.
The Average True Range (ATR) for Hertz Global Holdings Inc is set at 0.29, with the Price to Sales ratio for HTZ stock in the period of the last 12 months amounting to 0.13. The Price to Book ratio for the last quarter was 7.54, with the Price to Cash per share for the same quarter was set at 3.69.
HTZ stock trade performance evaluation
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 -11.74. With this latest performance, HTZ shares dropped by -12.56% in over the last four-week period, additionally plugging by 38.75% over the last 6 months – not to mention a drop of -49.87% 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 38.33, with the RSI for the last a single of trading hit 32.21, and the three-weeks RSI is set at 42.35 for Hertz Global Holdings Inc [HTZ]. The present Moving Average for the last 50 days of trading for this stock 4.08, while it was recorded at 4.09 for the last single week of trading, and 3.73 for the last 200 days.
Hertz Global Holdings Inc [HTZ]: An insightful look at the core fundamentals
Hertz Global Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.64 and a Current Ratio set at 1.64.
Earnings per share (EPS) analysis for Hertz Global Holdings Inc [HTZ] stock
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hertz Global Holdings Inc go to 74.40%.
Hertz Global Holdings Inc [HTZ]: Institutional Ownership
The top three institutional holders of HTZ stocks are: KNIGHTHEAD CAPITAL MANAGEMENT, LLC with ownership of 181.46 million shares, which is approximately 59.2992%. 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%.
