NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Hertz Global stock hits 52-week low at $1.85 amid challenges

Published 10/21/2024, 11:11 AM
HTZWW
-

In a challenging year for Hertz Global Holdings (OTC:HTZGQ) Wnt (HTZWW), the stock has hit a 52-week low, trading at $1.85. This latest price point underscores the difficulties the company has faced, with the stock experiencing a significant downturn over the past year. Investors have seen the value of their holdings in Hertz Global Holdings Wnt decrease by 63.77% over the last 12 months, reflecting broader market trends and company-specific headwinds. The 52-week low serves as a critical indicator for shareholders and potential investors, as it marks the lowest price at which the stock has traded during the last year and may signal a need for strategic reassessments within the company.

InvestingPro Insights

The recent 52-week low of Hertz Global Holdings Wnt (HTZWW) at $1.85 aligns with several key insights from InvestingPro. The company's financial health appears precarious, with InvestingPro Tips highlighting that Hertz operates with a significant debt burden and may have trouble making interest payments. This financial strain is further evidenced by the company quickly burning through cash and short-term obligations exceeding liquid assets.

The stock's performance reflects these challenges, with InvestingPro data showing a market cap of $996.15 million and a negative P/E ratio of -1.21, indicating the company is not currently profitable. This is corroborated by the InvestingPro Tip that Hertz has not been profitable over the last twelve months, with analysts not anticipating profitability this year.

Despite revenue of $9.32 billion in the last twelve months, Hertz's gross profit margin stands at a slim 3.22%, which InvestingPro identifies as weak. The company's financial struggles are further underscored by a negative EBITDA of -$577 million, representing a substantial decline of 137.3% year-over-year.

For investors seeking a more comprehensive analysis, InvestingPro offers 13 additional tips that could provide valuable insights into Hertz's financial situation and future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.