Hertz Global Holdings Inc. (NASDAQ:HTZ) traded at $4.42 at close of the session on Friday, April 26, made a downward move of -5.56% on its previous day’s price.
Looking at the stock we see that its previous close was $4.68 . The company has a trailing 12-month PE ratio of 7.16. In terms of its 52-week price range, HTZ has a high of $19.36 and a low of $4.35. The company’s stock has lost about -45.36% over that past 30 days.
Hertz Global Holdings Inc. has a market cap of $628.17 million. Estimates by analysts give the company expected earnings per share (EPS) of $0.05, with the EPS growth for the year raised at $0.3 for 2024 and $0.73 for next year. These figures represent -43.40% and 143.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $2.45 billion, with a low of $2.4 billion and a high of $2.52 billion. The median projection represents growth squeezing down to 0.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $9.56 billion, or 2.00% up from figures reported last year.
On the other hand, looking at the outlook for the HTZ stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -34.68% off its SMA20 and -39.03% from its 50-day simple moving average. The RSI (14) is pointing at 22.11 while the volatility over the past week is 9.92% and jumps to 5.65% over the past one month. The beta value is 2.15, while the average true range (ATR) is currently pointing at 0.44.
Coming back to Hertz Global Holdings Inc. (NASDAQ:HTZ), we note that the average 3-month trading volume was 5.68 million. Current shares outstanding are 305.18 million.
The insiders hold 4.10% of the company’s shares. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -57.46% down in year-to-date price movement.
