Hertz Global Holdings Inc (NASDAQ:HTZ)’s traded shares stood at 0.91 million during the latest session, with the company’s beta value hitting 2.39. At the last check today, the stock’s price was $4.64, to imply an increase of 0.77% or $0.04 in intraday trading. The HTZ share’s 52-week high remains $10.82, putting it -133.19% down since that peak but still an impressive 46.77% since price per share fell to its 52-week low of $2.47. The company has a valuation of $1.42B, with an average of 7.15 million shares in intraday trading volume over the past 10 days and average of 5.95 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Hertz Global Holdings Inc (HTZ), translating to a mean rating of 3.70. Of 7 analyst(s) looking at the stock, 1 analyst(s) give HTZ a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.67.
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Hertz Global Holdings Inc (NASDAQ:HTZ) trade information
After registering a 0.77% upside in the latest session, Hertz Global Holdings Inc (HTZ) has traded red over the past five days. The 5-day price performance for the stock is -5.79%, and 50.01% over 30 days. With these gigs, the year-to-date price performance is -55.39%. Short interest in Hertz Global Holdings Inc (NASDAQ:HTZ) saw shorts transact 43.34 million shares and set a 7.12 days time to cover.
The extremes give us $4 and $7 for target low and target high price respectively. As such, HTZ has been trading -50.86% off suggested target high and 13.79% from its likely low.
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 24.27% up over the last 6 months, with its year-to-date growth rate lower than industry average at -875.47% against 5.00%. The rating firms project that company’s revenue will shrink -2.56% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 2.13B. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 2.03B.Earnings reports from the last fiscal year show that sales brought in 2.18B and 2.08B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -2.25% before dropping -2.20% in the following quarter.
HTZ Dividends
Hertz Global Holdings Inc has its next earnings report out in January. 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 (NASDAQ:HTZ)’s Major holders
Hertz Global Holdings Inc insiders hold 2.68% of total outstanding shares, with institutional holders owning 91.77% of the shares at 94.29% float percentage. In total, 91.77% institutions holds shares in the company, led by KNIGHTHEAD CAPITAL MANAGEMENT, LLC. As of 2024-06-30, the company held over 181.46 million shares (or 59.4936% of shares), all amounting to roughly $640.54 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 20.53 million shares, or about 6.7295% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $72.45 million.
We also have iShares Core S&P Smallcap ETF and Invesco ETF Tr II-Invesco S&P Smallcap 600 Revenue ETF as the top two Mutual Funds with the largest holdings of the Hertz Global Holdings Inc (HTZ) shares. Going by data provided on Sep 30, 2024, iShares Core S&P Smallcap ETF holds roughly 7.82 shares. This is just over 1.65% of the total shares, with a market valuation of $36.78 million. Data from the same date shows that the other fund manager holds a little less at 3.73, or 0.79% of the shares, all valued at about 17.55 million.
