Hertz Global Holdings Inc [NASDAQ: HTZ] loss -4.46% or -0.26 points to close at $5.57 with a heavy trading volume of 5809278 shares.
It opened the trading session at $5.77, the shares rose to $5.77 and dropped to $5.47, the range by which the price of stock traded the whole day. The daily chart for HTZ points out that the company has recorded 30.44% gains over the past six months.
If we look at the average trading volume of 8.42M shares, HTZ reached to a volume of 5809278 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 $4.06 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.
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 -11.87. With this latest performance, HTZ shares dropped by -21.10% in over the last four-week period, additionally plugging by 30.44% over the last 6 months – not to mention a rise of 52.19% 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 32.11, with the RSI for the last a single of trading hit 0.44, and the three-weeks RSI is set at 0.48 for Hertz Global Holdings Inc [HTZ]. The present Moving Average for the last 50 days of trading for this stock 6.80, while it was recorded at 5.90 for the last single week of trading, and 5.03 for the last 200 days.
Hertz Global Holdings Inc [HTZ]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Hertz Global Holdings Inc [HTZ] shares currently have an operating margin of -6.46% and a Gross Margin at 3.72%. Hertz Global Holdings Inc’s Net Margin is presently recorded at -35.52%.
Hertz Global Holdings Inc (HTZ) Capital Structure & Debt Analysis
According to recent financial data for Hertz Global Holdings Inc. ( HTZ), the Return on Equity (ROE) stands at -244.63%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -13.46%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Hertz Global Holdings Inc’s Return on Invested Capital (ROIC) is -17.99%, showcasing its effectiveness in deploying capital for earnings.
Hertz Global Holdings Inc (HTZ) Efficiency & Liquidity Metrics
Hertz Global Holdings Inc (HTZ) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Hertz Global Holdings Inc. (HTZ) effectively leverages its workforce, generating an average of -$119961.54 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.94% and a Quick Ratio of 0.94%, indicating strong ability to cover short-term liabilities.
Hertz Global Holdings Inc [HTZ]: An earnings per share (EPS) analysis
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 73.71%.
An analysis of Institutional ownership at Hertz Global Holdings Inc [HTZ]
There are presently around $102.57%, or 104.91%% 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 59.2992%. 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 4.4796%.
