Hertz Global Holdings Inc (NASDAQ:HTZ) has a beta value of 2.40 and has seen 1.54 million shares traded in the recent trading session. The company, currently valued at $1.20B, closed the recent trade at $3.97 per share which meant it lost -$0.25 on the day or -5.81% during that session. The HTZ stock price is -172.54% off its 52-week high price of $10.82 and 37.78% above the 52-week low of $2.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.95 million shares traded. The 3-month trading volume is 5.73 million shares.
The consensus among analysts is that Hertz Global Holdings Inc (HTZ) is Buy stock at the moment, with a recommendation rating of 3.70. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 7 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.67.
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Hertz Global Holdings Inc (NASDAQ:HTZ) trade information
Sporting -5.81% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the HTZ stock price touched $3.97 or saw a rise of 14.25%. Year-to-date, Hertz Global Holdings Inc shares have moved -61.74%, while the 5-day performance has seen it change -14.70%. Over the past 30 days, the shares of Hertz Global Holdings Inc (NASDAQ:HTZ) have changed -3.28%. Short interest in the company has seen 43.76 million shares shorted with days to cover at 5.95.
Wall Street analysts have a consensus price target for the stock at $5.5, which means that the shares’ value could jump 27.82% from the levels at last check today. The projected low price target is $4.0 while the price target rests at a high of $7.0. In that case, then, we find that the latest price level in today’s session is -76.32% off the targeted high while a plunge would see the stock gain -0.76% from the levels at last check today.
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 gained 21.19% over the past 6 months, with this year growth rate of -875.47%, compared to 5.90% for the industry. Revenue growth from the last financial year stood is estimated to be -2.56%.
7 analysts offering their estimates for the company have set an average revenue estimate of 2.13B for the current quarter. 1 have an estimated revenue figure of 2.03B for the next ending quarter. Year-ago sales stood 2.18B and 2.08B respectively for this quarter and the next, and analysts expect sales will shrink by -2.27% for the current quarter and -2.56% for the next.
HTZ Dividends
Hertz Global Holdings Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Hertz Global Holdings Inc (NASDAQ:HTZ)’s Major holders
Insiders own 2.68% of the company shares, while shares held by institutions stand at 91.71% with a share float percentage of 94.23%. Investors are also buoyed by the number of investors in a company, with Hertz Global Holdings Inc having a total of 332.0 institutions that hold shares in the company. The top two institutional holders are KNIGHTHEAD CAPITAL MANAGEMENT, LLC with over 181.46 million shares worth more than $640.54 million. As of 2024-06-30, KNIGHTHEAD CAPITAL MANAGEMENT, LLC held 59.4936% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 20.53 million shares as of 2024-06-30. The firm’s total holdings are worth over $72.45 million and represent 6.7295% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Invesco ETF Tr II-Invesco S&P Smallcap 600 Revenue ETF. As of Sep 30, 2024, the former fund manager holds about 1.65% shares in the company for having 7.82 shares of worth $31.0 million while later fund manager owns 3.73 shares of worth $14.79 million as of Sep 30, 2024, which makes it owner of about 0.79% of company’s outstanding stock.
