Hertz Global Holdings Inc. (HTZ) Slumps 5.04%, A Gain For Bears

Hertz Global Holdings Inc. (NASDAQ:HTZ) has a beta value of 2.14 and has seen 3.37 million shares traded in the recent trading session. The company, currently valued at $659.81M, closed the recent trade at $4.64 per share which meant it gained $0.22 on the day or 5.04% during that session. The HTZ stock price is -317.24% off its 52-week high price of $19.36 and 6.25% above the 52-week low of $4.35. The 3-month trading volume is 5.85 million shares.

Hertz Global Holdings Inc. (NASDAQ:HTZ) trade information

Sporting 5.04% in the green today, the stock has traded in the red over the last five days, when the HTZ stock price touched $4.64 or saw a rise of 22.15%. Year-to-date, Hertz Global Holdings Inc. shares have moved -55.32%, while the 5-day performance has seen it change -21.31%. Over the past 30 days, the shares of Hertz Global Holdings Inc. (NASDAQ:HTZ) have changed -40.71%.

Hertz Global Holdings Inc. (HTZ) estimates and forecasts

Figures show that Hertz Global Holdings Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -48.64% over the past 6 months, with this year growth rate of -67.92%, compared to -5.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -127.80% and -40.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 2.30%.

8 analysts offering their estimates for the company have set an average revenue estimate of $2.46 billion for the current quarter. 8 have an estimated revenue figure of $2.8 billion for the next quarter concluding in Sep 2024. Year-ago sales stood $2.44 billion and $2.7 billion respectively for this quarter and the next, and analysts expect sales will grow by 1.10% for the current quarter and 3.70% for the next.

HTZ Dividends

Hertz Global Holdings Inc. is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.