Hertz Global Holdings Inc. (NASDAQ:HTZ) shares traded 9.89% higher at $3.00 on Wall Street last session.
HTZ stock price is now -14.78% away from the 50-day moving average and -51.29% away from the 200-day moving average. The market capitalization of the company currently stands at $426.36M.
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With the price target reduced from $9 to $3, BofA Securities Downgraded its rating from Neutral to Underperform for Hertz Global Holdings Inc. (NASDAQ: HTZ). On April 04, 2024, Goldman Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $8 to quote $7, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, West W Gilbert, CEO bought 250,000 shares of the company’s stock on Apr 30 ’24. The stock was bought for $1,114,100 at an average price of $4.46. Upon completion of the transaction, the CEO now directly owns 2,160,369 shares in the company, valued at $6.48 million. A total of 3.52% of the company’s stock is owned by insiders.
During the past 12 months, Hertz Global Holdings Inc. has had a low of $2.47 and a high of $16.37. As of last week, the company has a debt-to-equity ratio of 9.95, a current ratio of 1.41, and a quick ratio of 1.41. The fifty day moving average price for HTZ is $3.5104 and a two-hundred day moving average price translates $6.132575 for the stock.
The latest earnings results from Hertz Global Holdings Inc. (NASDAQ: HTZ) was released for 2024-06-30. The net profit margin was -8.26% and return on equity was -32.10% for HTZ. The company reported revenue of $2.35 billion for the quarter, compared to $2.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.45 percent. For the current quarter, analysts expect HTZ to generate $2.72B in revenue.
