In recent trading session, Hertz Global Holdings Inc (NASDAQ:HTZ) saw 1.61 million shares changing hands at last check today with its beta currently measuring 2.31. Company’s recent per share price level of $5.15 trading at $0.53 or 11.47% at last check today assigns it a market valuation of $1.58B. That most recent trading price of HTZ’s stock is at a discount of -110.1% from its 52-week high price of $10.82 and is indicating a premium of 52.04% from its 52-week low price of $2.47. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.92 million shares which gives us an average trading volume of 5.88 million if we extend that period to 3-months.
For Hertz Global Holdings Inc (HTZ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.70. Splitting up the data highlights that, out of 7 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.68 in the current quarter.
Hertz Global Holdings Inc (NASDAQ:HTZ) trade information
Hertz Global Holdings Inc’s shares saw a change of -50.43% in year-to-date performance and have moved 32.56% in past 5-day. Hertz Global Holdings Inc (NASDAQ:HTZ) showed a performance of 68.85% in past 30-days. Number of shares sold short was 43.34 million shares which calculate 7.12 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 26.43% to its recent value today. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 34. It follows that stock’s current price would jump 22.33% in reaching the projected high whereas dropping to the targeted low would mean a gain of 22.33% for stock’s current value.
Hertz Global Holdings Inc (HTZ) estimates and forecasts
Statistics highlight that Hertz Global Holdings Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 18.12% of value to its shares in past 6 months, showing an annual growth rate of -867.92% while that of industry is 3.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -2.58% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.14B for the same. And 1 analysts are in estimates of company making revenue of 2.03B in the next quarter. Company posted 2.18B and 2.08B of sales in current and next quarters respectively a year earlier.
Hertz Global Holdings Inc (NASDAQ:HTZ)’s Major holders
Insiders are in possession of 2.68% of company’s total shares while institution are holding 91.76 percent of that, with stock having share float percentage of 94.29%. Investors also watch the number of corporate investors in a company very closely, which is 91.76% institutions for Hertz Global Holdings Inc that are currently holding shares of the company. KNIGHTHEAD CAPITAL MANAGEMENT, LLC is the top institutional holder at HTZ for having 181.46 million shares of worth $640.54 million. And as of 2024-06-30, it was holding 59.4936 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 20.53 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.7295 of outstanding shares, having a total worth of $72.45 million.
On the other hand, iShares Core S&P Smallcap ETF and Invesco ETF Tr II-Invesco S&P Smallcap 600 Revenue ETF are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 8.87 shares of worth $45.87 million or 1.88% of the total outstanding shares. The later fund manager was in possession of 3.73 shares on Sep 30, 2024 , making its stake of worth around $19.28 million in the company or a holder of 0.79% of company’s stock.
