Hertz Global Holdings, Inc. (HTZ) is an interesting player in the Services space, with a focus on Rental & Leasing Services. The stock has been active on the tape, currently trading at $19.72, up from yesterday’s close by 3.84%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Hertz Global Holdings, Inc. (HTZ) currently trades with a market capitalization of $1.58 Billion. That value represents a market adjusting for revenues that have been growing by 7.67 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of -$9.17 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.26 on a per share basis this quarter. Perhaps, that suggests something about why 3.67% of the outstanding share supply is held by institutional investors.
No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Hertz Global Holdings, Inc. recorded a 52-week high of $27.27. It is now trading 7.55% off that level. The stock is trading $18.53 its 50-day moving average by -1.19%. The stock carved out a 52-week low down at $8.52.
In recent action, Hertz Global Holdings, Inc. (HTZ) has made a move of +18.08% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.48, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 32.40% with $80.21 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of HTZ.