Holley Inc [HLLY] stock prices are saw in change for the day to $2.74 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The HLLY shares have lost -4.20% over the last week, with a monthly amount glided 4.58%, 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.
The stock price of Holley Inc [HLLY] has been fluctuating between $2.29 and $5.23 over the past year. Currently, Wall Street analysts expect the stock to reach $5.25 within the next 12 months. Holley Inc [NYSE: HLLY] shares were valued at $2.74 at the most recent close of the market. An investor can expect a potential return of 91.61% based on the average HLLY price forecast.
Analyzing the HLLY fundamentals
The Holley Inc [NYSE:HLLY] reported sales of 617.88M for trailing twelve months, representing a drop of -14.37%. 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 2.69 points at the first support level, and at 2.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.81, and for the 2nd resistance point, it is at 2.88.
Ratios To Look Out For
It’s worth pointing out that Holley Inc [NYSE:HLLY]’s Current Ratio is 2.93. On the other hand, the Quick Ratio is 1.17, and the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 0.53, the price to book ratio is 0.71 and price to earnings (TTM) ratio is 20.80.
Transactions by insiders
Recent insider trading involved LOBEL DAVID S, Director, that happened on Dec 16 ’24 when 1.74 million shares were sold. Owner, Holley Parent Holdings, LLC completed a deal on Dec 16 ’24 to buy 1.74 million shares. Meanwhile, Exec. Chairman of the Board Rubel Matthew E bought 14493.0 shares on Jun 12 ’24.
