Hertz Global Holdings Inc (NASDAQ:HTZ) shares traded -8.50% lower at $3.66 on Wall Street last session.
HTZ stock price is now 11.82% away from the 50-day moving average and -22.25% away from the 200-day moving average. The market capitalization of the company currently stands at $1.12B.
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On September 19, 2024, Barclays recently initiated its ‘Underweight’ rating on the stock quoting a target price of $3, while ‘BofA Securities’ rates the stock as ‘Underperform’
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 $7.91 million. A total of 3.58% 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 $10.82. As of last week, the company has a debt-to-equity ratio of 27.87, a current ratio of 1.57, and a quick ratio of 1.57. The fifty day moving average price for HTZ is $3.2536 and a two-hundred day moving average price translates $4.733825 for the stock.
The latest earnings results from Hertz Global Holdings Inc (NASDAQ: HTZ) was released for 2024-09-30. The net profit margin was -29.71% and return on equity was -134.17% for HTZ. The company reported revenue of $2.58 billion for the quarter, compared to $2.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.7 percent.
