Hertz Global Holdings Inc. (NASDAQ:HTZ)’s traded shares stood at 1.36 million during the latest session, with the company’s beta value hitting 2.01. At the last check today, the stock’s price was $7.82, to imply a decrease of -3.30% or -$0.27 in intraday trading. The HTZ share’s 52-week high remains $19.36, putting it -147.57% down since that peak but still an impressive 12.02% since price per share fell to its 52-week low of $6.88. The company has a valuation of $1.11B, with an average of 4.41 million shares in intraday trading volume over the past 10 days and average of 5.18 million shares over the past 3 months.
Hertz Global Holdings Inc. (NASDAQ:HTZ) trade information
After registering a -3.30% downside in the latest session, Hertz Global Holdings Inc. (HTZ) has traded red over the past five days. The stock hit a weekly high of 8.20, dropping -3.30% in its intraday price action. The 5-day price performance for the stock is 4.45%, and -0.72% over 30 days. With these gigs, the year-to-date price performance is -24.70%. Short interest in Hertz Global Holdings Inc. (NASDAQ:HTZ) saw shorts transact 24.79 million shares and set a 5.92 days time to cover.
Hertz Global Holdings Inc. (HTZ) estimates and forecasts
Looking at statistics comparing Hertz Global Holdings Inc. share performance against respective industry, we note that the company has underperformed competitors. Hertz Global Holdings Inc. (HTZ) shares are -34.86% down over the last 6 months, with its year-to-date growth rate lower than industry average at -35.85% against -3.30%. Revenue is forecast to shrink -192.30% this quarter before falling -83.30% for the next one. The rating firms project that company’s revenue will grow 2.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is $2.06 billion. Meanwhile, for the quarter ending Jun 2024, a total of 8 analyst(s) estimate revenue growth to $2.46 billion.Earnings reports from the last fiscal year show that sales brought in $2.05 billion and $2.44 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 0.50% before jumping 1.10% in the following quarter.
HTZ Dividends
Hertz Global Holdings Inc. has its next earnings report out between April 25 and April 29. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Hertz Global Holdings Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Hertz Global Holdings Inc. (NASDAQ:HTZ)’s Major holders
Hertz Global Holdings Inc. insiders hold 0.97% of total outstanding shares, with institutional holders owning 98.68% of the shares at 99.64% float percentage. In total, 98.68% institutions holds shares in the company, led by Knighthead Capital Management, Llc. As of Dec 30, 2023, the company held over 181.46 million shares (or 38.39% of shares), all amounting to roughly $1.43 billion.
The next major institution holding the largest number of shares is Vanguard Group Inc with 12.2 million shares, or about 2.58% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $96.23 million.
We also have iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Hertz Global Holdings Inc. (HTZ) shares. Going by data provided on Jan 30, 2024, iShares Core S&P Midcap ETF holds roughly 4.01 million shares. This is just over 0.85% of the total shares, with a market valuation of $31.61 million. Data from the same date shows that the other fund manager holds a little less at 3.85 million, or 0.82% of the shares, all valued at about 30.38 million.
