In yesterday’s Wall Street session, Hertz Global Holdings Inc (NASDAQ:HTZ) shares traded at $4.52, down -1.31% from the previous session.
HTZ stock price is now 34.56% away from the 50-day moving average and -2.16% away from the 200-day moving average. The market capitalization of the company currently stands at $1.39B.
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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, FIELDS MARK, Director sold 75,000 shares of the company’s stock on Nov 22 ’24. The stock was sold for $303,750 at an average price of $4.05. Upon completion of the transaction, the Director now directly owns 301,135 shares in the company, valued at $1.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 25 ’24, Director FIELDS MARK sold 25,000 shares of the business’s stock. A total of $109,000 was realized by selling the stock at an average price of $4.36. This leaves the insider owning 276,135 shares of the company worth $1.25 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 $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 $3.3419 and a two-hundred day moving average price translates $4.6408 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.
