During the last session, Holley Inc. (NYSE:HLLY)’s traded shares were 0.47 million. At the end of the trading day, the stock’s price was $9.74, reflecting an intraday gain of 5.53% or $0.51. The 52-week high for the HLLY share is $14.68, that puts it down -50.72 from that peak though still a striking 15.5% gain since the share price plummeted to a 52-week low of $8.23. The company’s market capitalization is $1.16B, and the average intraday trading volume over the past 10 days was 0.67 million shares, and the average trade volume was 467.19K shares over the past three months.
Holley Inc. (HLLY) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. HLLY has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.12.
Holley Inc. (NYSE:HLLY) trade information
Holley Inc. (HLLY) registered a 5.53% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.53% in intraday trading to $9.74 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -2.11%, and it has moved by -26.82% in 30 days. Based on these gigs, the overall price performance for the year is -1.91%. The short interest in Holley Inc. (NYSE:HLLY) is 1.89 million shares and it means that shorts have 8.64 day(s) to cover.
The consensus price target of analysts on Wall Street is $15.83, which implies an increase of 38.47% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $14.00 and $18.00 respectively. As a result, HLLY is trading at a discount of -84.8% off the target high and -43.74% off the low.
Holley Inc. (HLLY) estimates and forecasts
Statistics show that Holley Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Holley Inc. (HLLY) shares have gone down -24.50% during the last six months, with a year-to-date growth rate more than the industry average at 13.04% against 8.30.
Revenue for the current quarter is expected to be $147.83 million as predicted by 7 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $170.09 million by the end of Mar 2022.
While earnings are projected to return -182.60% in 2022.
Holley Inc. is due to release its next quarterly earnings on May 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Holley Inc. (NYSE:HLLY)’s Major holders
Holley Inc. insiders own 11.16% of total outstanding shares while institutional holders control 87.75%, with the float percentage being 98.78%. Wasatch Advisors Inc is the largest shareholder of the company, while 62 institutions own stock in it. As of Sep 29, 2021, the company held over 10.93 million shares (or 9.44% of all shares), a total value of $130.55 million in shares.
The next largest institutional holding, with 4.34 million shares, is of BAMCO Inc.’s that is approximately 3.74% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $51.78 million.
Also, the Mutual Funds coming in first place with the largest holdings of Holley Inc. (HLLY) shares are Baron Small Cap Fund and Wasatch Microcap Fund. Data provided on Sep 29, 2021 indicates that Baron Small Cap Fund owns about 4.25 million shares. This amounts to just over 3.67 percent of the company’s overall shares, with a $50.74 million market value. The same data shows that the other fund manager holds slightly less at 3.65 million, or about 3.15% of the stock, which is worth about $43.6 million.