A share price of Holley Inc [HLLY] is currently trading at $2.88, saw in change for the day. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HLLY shares have gain 8.68% over the last week, with a monthly amount glided 4.35%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Holley Inc [NYSE: HLLY] stock has seen the most recent analyst activity on November 11, 2024, when Telsey Advisory Group reiterated its Outperform rating and also revised its price target to $4.50 from $5.50. Previously, Telsey Advisory Group reaffirmed its Outperform rating on August 08, 2024, and dropped its price target to $5.50. On May 09, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $6.50 on the stock. JP Morgan downgraded its rating to a Neutral and decreased its price target to $5 on February 20, 2024. Jefferies upgraded its rating to a Buy and reduced its price target to $5 on November 15, 2023. Telsey Advisory Group downgraded its rating to Market Perform for this stock on November 03, 2023, but kept the price target unchanged to $9. In a note dated August 18, 2023, William Blair initiated an Outperform rating.
Holley Inc experienced fluctuations in its stock price throughout the past year between $2.29 and $5.23. Currently, Wall Street analysts expect the stock to reach $7.29 within the next 12 months. Holley Inc [NYSE: HLLY] shares were valued at $2.88 at the most recent close of the market. An investor can expect a potential return of 153.12% based on the average HLLY price forecast.
Analyzing the HLLY fundamentals
Trailing Twelve Months sales for Holley Inc [NYSE:HLLY] were 617.88M which represents -14.37% decline. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.86 points at the first support level, and at 2.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.92, and for the 2nd resistance point, it is at 2.96.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Holley Inc [NYSE:HLLY] is 2.93. Further, the Quick Ratio stands at 1.17, while the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 0.75 and price to earnings (TTM) ratio is 21.87.
Transactions by insiders
Recent insider trading involved Rubel Matthew E, Exec. Chairman of the Board, that happened on Jun 12 ’24 when 14493.0 shares were purchased. Director, Clempson Graham completed a deal on Mar 14 ’24 to buy 59076.0 shares. Meanwhile, Director Clempson Graham bought 40924.0 shares on Mar 15 ’24.
