At the time of writing, HireQuest Inc [HQI] stock is trading at $10.2, up 8.40%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The HQI shares have gain 31.95% over the last week, with a monthly amount glided 13.84%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
HireQuest Inc [NASDAQ: HQI] stock has seen the most recent analyst activity on March 04, 2022, when Barrington Research initiated its Outperform rating and assigned the stock a price target of $29. Previously, DA Davidson started tracking the stock with Buy rating on December 13, 2021, and set its price target to $26.
For the past year, the stock price of HireQuest Inc fluctuated between $7.38 and $15.75. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. HireQuest Inc [NASDAQ: HQI] shares were valued at $10.2 at the most recent close of the market. An investor can expect a potential return of 47.06% based on the average HQI price forecast.
Analyzing the HQI fundamentals
According to HireQuest Inc [NASDAQ:HQI], the company’s sales were 31.69M for trailing twelve months, which represents an -9.76% plunge. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.11 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
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 9.54 points at the first support level, and at 8.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.67, and for the 2nd resistance point, it is at 11.14.
Ratios To Look Out For
It is important to note that HireQuest Inc [NASDAQ:HQI] has a current ratio of 2.40. As well, the Quick Ratio is 2.40, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 4.54, the price to book ratio is 2.11 and price to earnings (TTM) ratio is 20.53.
