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Wednesday, February 1, 2023

Is Holley Inc. (NYSE: HLLY) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Holley Inc. (HLLY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.08, or 3.70%, to $2.24. The Holley Inc. has recorded 19,074 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Holley Announces Appointment of Jesse Weaver as Chief Financial Officer.

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Stocks Info

HLLY belongs to the Consumer Cyclical sector of the NYSE while operating in the Auto Parts industry. At the end of the last regular session, the stock closed at $2.16 and fluctuated between $2.2500 as its day high and $2.1000 as its day low. The current market capitalization of Holley Inc. is $244.53M. A total of 0.68 million shares were traded on the day, compared to an average of 715.39K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HLLY has seen 8 BUY and 0 SELL insider trades, representing the acquisition of 481,926 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 22 SELLs from insiders. Insiders purchased 5,852,111 shares during that period but sold 45,407,338.

In the most recent transaction, Tomlinson Thomas W bought 7,500 shares of HLLY for 6.45 per share on Aug 16. After the transaction, the Chief Executive Officer now owns 260,825 company shares. In a previous transaction on Aug 16, Bardos Dominic sold 9,800 shares at 6.40 per share. HLLY shares that Chief Financial Officer owns now total 102,971.

Among the insiders who sold shares, Bardos Dominic disposed of 24,578 shares on Aug 15 at a per-share price of $6.50. This resulted in the Chief Financial Officer holding 112,771 shares of HLLY after the transaction. In another insider transaction, LOBEL DAVID S sold 8,000,000 shares at $11.43 per share on Apr 25. Company shares held by the Director now total 54,673,884.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HLLY in the last 3 months, the mean price target is $5.14 with high estimates of $8.00 and low estimates of $3.00. In terms of 52-week highs and lows, HLLY has a high of $14.68 and a low of $1.88.

As of this writing, HLLY has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.09 per share and a lower estimate of $0.04. The company reported an EPS of $0.19 in the last quarter, which was 26.70% higher than expectations of $0.15.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HLLY is Overweight with a score of 4.30. A total of 5 analysts rated the stock as Buy while 1 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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