The stock of Hertz Global Holdings Inc (NASDAQ:HTZ) last traded at $3.34, down -8.76% from the previous session.
HTZ stock price is now -9.04% away from the 50-day moving average and -23.87% away from the 200-day moving average. The market capitalization of the company currently stands at $1.02B.
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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, Leef Eric, Officer bought 4,034 shares of the company’s stock on Dec 03 ’24. The stock was bought for $18,193 at an average price of $4.51. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 03 ’24, EVP, Chief HR Officer Leef Eric sold 4,034 shares of the business’s stock. A total of $18,193 was realized by selling the stock at an average price of $4.51. This leaves the insider owning 321,830 shares of the company worth $1.07 million. A total of 3.48% 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 $3.6658 and a two-hundred day moving average price translates $4.399825 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.
