HTZ Stock Summary and Trading Ideas (Hertz Global Holdings | NASDAQ:HTZ)

Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.

Hertz Global Holdings trades on the NASDAQ stock market under the symbol HTZ.

As of April 15, 2024, HTZ stock price climbed to $6.90 with 4,343,867 million shares trading.

HTZ has a beta of 1.83, meaning it tends to be more sensitive to market movements. HTZ has a correlation of 0.19 to the broad based SPY ETF.

HTZ has a market cap of $2.11 billion. This is considered a Mid Cap stock.

Last quarter Hertz Global Holdings reported $2 billion in Revenue and -$1.36 earnings per share. This fell short of revenue expectation by $-6 million and missed earnings estimates by -$1.09.

The top ETF exchange traded funds that HTZ belongs to (by Net Assets): VTI, IJH, VB, FXD, VBR.

HTZ has underperformed the market in the last year with a price return of -55.9% while the SPY ETF gained +25.3%. HTZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.3% and -11.9%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

HTZ support price is $6.62 and resistance is $7.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HTZ stock will trade within this expected range on the day.