Hertz Global Holdings Inc (NASDAQ:HTZ) price on current trading day, fall -3.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.11.
A look at the stock’s price movement, the close in the last trading session was $4.24. Turning to its 52-week performance, $8.20 and $2.47 were the 52-week high and 52-week low respectively. Overall, HTZ moved -3.29% over the past month.
Hertz Global Holdings Inc’s market cap currently stands at around $1.26 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 2.01B for the company’s revenue for the quarter, with a low and high estimate of 1.96B and 2.05B respectively. The average forecast suggests down to a -3.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.2B, representing a 1.66% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HTZ is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 3 recommend HTZ as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HTZ’s current price about -3.45% and 2.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.42, while 7-day volatility ratio is 7.26% and 6.91% in the 30-day chart. Further, Hertz Global Holdings Inc (HTZ) has a beta value of 2.45, and an average true range (ATR) of 0.30. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $4 and high of $34. Looking at the price targets, the low is 2.68% off current price level while to achieve the yearly target high, price needs to move -727.25%. Nonetheless, investors will most likely welcome a -70.32% jump to $7 which is the analysts’ median price.
If we refocus on Hertz Global Holdings Inc (NASDAQ:HTZ), historical trading data shows that trading volumes averaged 4.52 million over the past 3 months. The company’s latest data on shares outstanding shows there are 306.69 million shares.
The 3.48% of Hertz Global Holdings Inc’s shares are in the hands of company insiders. Current price change has pushed the stock 12.30% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HTZ stock continues to rise going into the next quarter.
