The trading price of Hertz Global Holdings Inc (NASDAQ:HTZ) closed higher on Tuesday, May 27, and closing at $7.32, 3.83% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $9.39 and a 52-week low of $2.47. Over the past month, the stock has lost -11.81% in value.
Hertz Global Holdings Inc, whose market valuation is $2.26 billion at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.41 per share this quarter, however they have predicted annual earnings per share of -1.54 for current year and -0.47 for next year.
Analysts have forecast the company to bring in revenue of 2.18B for the current quarter, with the likely lows of 2.13B and highs of 2.29B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 8.5B.
On the technical side, indicators suggest HTZ has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned HTZ a recommendation rating is 7. Out of them, 3 rate it a Hold, while 3 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Hertz Global Holdings Inc (HTZ) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that HTZ’s price is currently 11.08% off the SMA20 and 31.15% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.94, and weekly volatility stands at 8.58%. When measured over the past 30 days, the indicator reaches 7.59%. Hertz Global Holdings Inc (NASDAQ:HTZ)’s beta value is currently sitting at 2.25, while the Average True Range indicator is currently displaying 0.69. With analysts defining $5-$6 as the low and high price targets, we arrive at a consensus price target of $5.5 for the trailing 12-month period. The current price is about 31.69% off the estimated low and 18.03% off the forecast high, based on this estimate. Investors will be thrilled if HTZ’s share price rises to $5.5, which is the median consensus price. At that level, HTZ’s share price would be 24.86% above current price.
To see how Hertz Global Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: HTZ stock’s performance was 3.83% in the latest trading, and 47.28% in the past year.
An evaluation of the daily trading volume of Hertz Global Holdings Inc (NASDAQ:HTZ) indicates that the 3-month average is 18.20 million.
Currently, records show that 307.98 million of the company’s shares remain outstanding. However, since the stock’s price has seen 100.00% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
