Hertz Global Holdings Inc (NASDAQ: HTZ) is 22.95% higher on its value in year-to-date trading and has touched a low of $2.47 and a high of $8.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HTZ stock was last observed hovering at around $4.49 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $4.50, the stock is 6.25% and 11.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.13 million and changing 0.22% at the moment leaves the stock 18.33% off its SMA200. HTZ registered -42.75% loss for a year compared to 6-month gain of 30.81%.
The stock witnessed a 11.66% loss in the last 1 month and extending the period to 3 months gives it a 9.49%, and is 1.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.59% over the week and 6.59% over the month.
Hertz Global Holdings Inc (HTZ) has around 26000 employees, a market worth around $1.38B and $9.05B in sales. Profit margin for the company is -31.63%. Distance from 52-week low is 82.19% and -45.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.47%).
with sales reaching $2.01B over the same period.The EPS is expected to grow by 73.96% this year, but quarterly earnings will post 1.57% year-over-year. Quarterly sales are estimated to shrink -3.50% in year-over-year returns.
The shares outstanding are 306.69M, and float is at 137.15M with Short Float at 29.69%.
The top institutional shareholder in the company is KNIGHTHEAD CAPITAL MANAGEMENT, LLC with over 181.46 million shares valued at $640.54 million. The investor’s holdings represent 59.4936 of the HTZ Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 20.53 million shares valued at $72.45 million to account for 6.7295 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 13.71 million shares representing 4.4943 and valued at over $48.39 million, while GOLDMAN SACHS GROUP INC holds 2.0321 of the shares totaling 6.2 million with a market value of $21.88 million.
Hertz Global Holdings Inc (HTZ) Insider Activity
Hertz Global Holdings Inc disclosed in a document filed with the SEC on Dec 03 ’24 that Leef Eric (EVP, Chief HR Officer) sold a total of 4,034 shares of the company’s common stock. The trade occurred on Dec 03 ’24 and was made at $4.51 per share for $18193.0. Following the transaction, the insider now directly holds 0.32 million shares of the HTZ stock.
Still, SEC filings show that on Nov 22 ’24, FIELDS MARK (Director) disposed off 75,000 shares at an average price of $4.05 for $0.3 million. The insider now directly holds 301,135 shares of Hertz Global Holdings Inc (HTZ).
