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Tuesday, December 5, 2023

There’s No Getting Around Hertz Global Holdings Inc. (NASDAQ: HTZ) Success

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Hertz Global Holdings Inc. (HTZ) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.06, or -0.68%, to $8.80. The Hertz Global Holdings Inc. has recorded 887,240 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that HERTZ REPORTS THIRD QUARTER 2023 RESULTS: REVENUE OF $2.7 BILLION, NET INCOME OF $629 MILLION AND ADJUSTED CORPORATE EBITDA OF $359 MILLION.

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Stocks Info

Hertz Global Holdings Inc. is listed on the NASDAQ in the Industrials sector while operating in the Rental & Leasing Services industry. At the end of the last regular session, the stock closed at $8.86 and fluctuated between $9.26 as its day high and $8.72 as its day low. The current market capitalization of Hertz Global Holdings Inc. is $1.26B. A total of 3.85 million shares were traded on the day, compared to an average of 3.63M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, HTZ has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 13,082 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 11 SELLs from insiders. Insiders purchased 3,034,255 shares during that period but sold 991,398.

In the most recent transaction, Leef Eric sold 1,946 shares of HTZ for 16.23 per share on May 08. After the transaction, the EVP, Chief HR Officer now owns 55,723 company shares. In a previous transaction on Feb 09, Leef Eric sold 4,034 shares at 19.31 per share. HTZ shares that EVP, Chief HR Officer owns now total 40,809.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for HTZ in the last 3 months, the mean price target is $14.17 with high estimates of $17.00 and low estimates of $10.00. In terms of 52-week highs and lows, HTZ has a high of $20.48 and a low of $8.29.

As of this writing, HTZ has an earnings estimate of $0.76 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1 per share and a lower estimate of $0.61. The company reported an EPS of $0.39 in the last quarter, which was 85.70% higher than expectations of $0.21.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. HTZ’s latest balance sheet shows that the firm has $2.26B in Cash & Short Term Investments as of fiscal 2021. There were $12.42B in debt and $1.59B in liabilities at the time. Its Book Value Per Share was $10.98, while its Total Shareholder’s Equity was $2.98B.

Analysts Opinion

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. Currently, 0 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 HTZ is Buy with a score of 4.14.

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