In today’s recent session, 2.89 million shares of the Hertz Global Holdings Inc. (NASDAQ:HTZ) have been traded, and its beta is 2.07. Most recently the company’s share price was $5.56, and it changed around -$0.34 or -5.77% from the last close, which brings the market valuation of the company to $790.10M. HTZ at last check was trading at a discount to its 52-week high of $19.36, offering almost -248.2% off that amount. The share price’s 52-week low was $5.82, which indicates that the recent value has fallen by an impressive -4.68% since then. We note from Hertz Global Holdings Inc.’s average daily trading volume that its 3-month average coming to 5.16 million.
Hertz Global Holdings Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3.22. If we narrow it down even further, the data shows that 4 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended HTZ as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Hertz Global Holdings Inc. is expected to report earnings per share of -$0.44 for the current quarter.
Hertz Global Holdings Inc. (NASDAQ:HTZ) trade information
Instantly HTZ has been showing red trend so far today with a performance of -5.77% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -46.49% year-to-date, but still down -15.38% over the last five days. On the other hand, Hertz Global Holdings Inc. (NASDAQ:HTZ) is -23.84% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $15.83, which translates to bulls needing to increase their stock price by 64.88% from its current value. Analyst projections state that HTZ is forecast to be at a low of $6 and a high of $34.
Hertz Global Holdings Inc. (HTZ) estimates and forecasts
Hertz Global Holdings Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -49.09 percent over the past six months and at a -58.49% annual growth rate that is well below the industry average of -5.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -212.80% in revenue this quarter, and will report a decrease of -93.10% in the next quarter. The year-over-year growth rate is expected to be 2.00%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $2.04 billion in revenue for the current quarter. 8 analysts expect Hertz Global Holdings Inc. to make $2.45 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $2.05 billion and $2.44 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.40%. Forecasts for the next quarter put sales growth at 0.50%.
