During the last session, Hertz Global Holdings Inc. (NASDAQ:HTZ)’s traded shares were 4.75 million, with the beta value of the company hitting 2.02. At the end of the trading day, the stock’s price was $3.15, reflecting an intraday loss of -3.37% or -$0.11. The 52-week high for the HTZ share is $11.71, that puts it down -271.75 from that peak though still a striking 21.59% gain since the share price plummeted to a 52-week low of $2.47. The company’s market capitalization is $447.68M, and the average intraday trading volume over the past 10 days was 3.28 million shares, and the average trade volume was 5.45 million shares over the past three months.
Hertz Global Holdings Inc. (HTZ) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.50. HTZ has a Sell rating from 1 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 -0.43.
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Hertz Global Holdings Inc. (NASDAQ:HTZ) trade information
Hertz Global Holdings Inc. (HTZ) registered a -3.37% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.37% in intraday trading to $3.15, hitting a weekly high. The stock’s 5-day price performance is -1.25%, and it has moved by 17.54% in 30 days. Based on these gigs, the overall price performance for the year is -72.73%. The short interest in Hertz Global Holdings Inc. (NASDAQ:HTZ) is 35.74 million shares and it means that shorts have 5.72 day(s) to cover.
The consensus price target of analysts on Wall Street is $7, which implies an increase of 55.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $34 respectively. As a result, HTZ is trading at a discount of -979.37% off the target high and -26.98% off the low.
Hertz Global Holdings Inc. (HTZ) estimates and forecasts
Statistics show that Hertz Global Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Hertz Global Holdings Inc. (HTZ) shares have gone down -56.25% during the last six months, with a year-to-date growth rate less than the industry average at -888.68% against 6.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -161.40% this quarter and then jump 36.80% in the quarter after that.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.72B as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 2.23B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.7B and 2.18B respectively. In this case, analysts expect current quarter sales to grow by 0.70% and then jump by 2.00% in the coming quarter.
While earnings are projected to return -851.13% in 2024.
HTZ Dividends
Hertz Global Holdings Inc. is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Hertz Global Holdings Inc. (NASDAQ:HTZ)’s Major holders
Hertz Global Holdings Inc. insiders own 2.71% of total outstanding shares while institutional holders control 98.86%, with the float percentage being 101.62%. KNIGHTHEAD CAPITAL MANAGEMENT, LLC is the largest shareholder of the company, while 350.0 institutions own stock in it. As of 2024-06-30, the company held over 181.46 million shares (or 59.4936% of all shares), a total value of $640.54 million in shares.
The next largest institutional holding, with 20.53 million shares, is of BLACKROCK INC.’s that is approximately 6.7295% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $72.45 million.
