Hertz Global Holdings Inc. (NASDAQ: HTZ) Loses -50.15% From High. Why That Could Change?

Currently, there are 323.48M common shares owned by the public and among those 137.17M shares have been available to trade.

Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 4,740,740 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 996,750 shares.

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However, the script later moved the day high at 10.22, up 2.30%. The company’s stock has a 5-day price change of 15.11% and -33.87% over the past three months. HTZ shares are trading -33.66% year to date (YTD), with the 12-month market performance down to -34.72% lower. It has a 12-month low price of $8.10 and touched a high of $20.48 over the same period. HTZ has an average intraday trading volume of 4.59 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.41%, 8.57%, and -30.28% respectively.

Institutional ownership of Hertz Global Holdings Inc. (NASDAQ: HTZ) 323.48M shares outstanding.

It has a market capitalization of $1.45B and a beta (3y monthly) value of 2.09. The stock’s trailing 12-month PE ratio is 3.45, while the earnings-per-share (ttm) stands at $2.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.52% over the week and 4.97% over the month.

Analysts forecast that Hertz Global Holdings Inc. (HTZ) will achieve an EPS of -$0.02 for the current quarter, -$0.04 for the next quarter and $1.18 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of $0.04. Comparatively, EPS for the current quarter was $0.5 a year ago. Earnings per share for the fiscal year are expected to decrease by -51.95%, and -34.96% over the next financial year.

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