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Heritage Global Inc (HGBL)
NASDAQ:HGBL
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HGBL Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.56 - $3.53
Previous Close$1.66
Volume35.75K
Average Volume (3M)86.07K
Market Cap
$61.99M
Enterprise Value$59.58M
Total Cash (Recent Filing)$12.28M
Total Debt (Recent Filing)$9.88M
Price to Earnings (P/E)5.6
Beta0.32
Next Earnings
Nov 07, 2024EPS Estimate
$0.07Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.30
Shares Outstanding37,341,185
10 Day Avg. Volume127,272
30 Day Avg. Volume86,066
Standard Deviation0.18
R-Squared0.11
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)1.01
Price to Sales (P/S)1.02
Price to Cash Flow (P/CF)34.80
P/FCF Ratio29.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.98
Enterprise Value/Gross Profit1.50
Enterprise Value/Ebitda4.09
Forecast
1Y Price Target
$4.50Price Target Upside161.63% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
Heritage Global News
Bulls Say, Bears Say
Bulls Say
Cash Flow And Debt PositionHGBL had $24.6M in cash, no debt and is cash flow positive, so there should be no need to raise equity in the near term.
Financial Performance2Q24 results were very strong in both financial and industrial assets, with robust near-term pipelines and a positive multi-year outlook.
Management OutlookManagement is bullish about all four of its revenue streams.
Bears Say
EarningsHGBL missed consensus by a small amount in EPS and adjusted EBITDA, indicating weaker than expected financial performance.
Industrial DivisionHGBL's industrial division had weaker activity than expected, contributing to the overall revenue miss.
RevenueHGBL missed consensus on revenue as the largest borrower from Heritage Global Capital defaulted on its $25M loan secured by credit card receivables.
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Ownership Overview
41.24% Insiders
8.13% Mutual Funds
19.27% Other Institutional Investors
31.36% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
HGBL FAQ
What was Heritage Global Inc’s price range in the past 12 months?
Heritage Global Inc lowest stock price was $1.56 and its highest was $3.53 in the past 12 months.
What is Heritage Global Inc’s market cap?
Currently, no data Available
When is Heritage Global Inc’s upcoming earnings report date?
Heritage Global Inc’s upcoming earnings report date is Nov 07, 2024 which is in 48 days.
How were Heritage Global Inc’s earnings last quarter?
Heritage Global Inc released its earnings results on Aug 08, 2024. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by -$0.01.
Is Heritage Global Inc overvalued?
According to Wall Street analysts Heritage Global Inc’s price is currently Undervalued.
Does Heritage Global Inc pay dividends?
Heritage Global Inc does not currently pay dividends.
What is Heritage Global Inc’s EPS estimate?
Heritage Global Inc’s EPS estimate is $0.07.
How many shares outstanding does Heritage Global Inc have?
Heritage Global Inc has 37,341,187 shares outstanding.
What happened to Heritage Global Inc’s price movement after its last earnings report?
Heritage Global Inc reported an EPS of $0.07 in its last earnings report, missing expectations of $0.08. Following the earnings report the stock price went down -16.883%.
Which hedge fund is a major shareholder of Heritage Global Inc?
Among the largest hedge funds holding Heritage Global Inc’s share is Royce & Associates LLC. It holds Heritage Global Inc’s shares valued at N/A.
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Heritage Global Stock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$4.50 (161.63% Upside)
$4.50 (161.63% Upside)
Blogger Sentiment
Bullish
HGBL Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 16.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▼ 4.9%
Last 30 Days ▼ 4.9%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-46.27%
12-Months-Change
Fundamentals
Return on Equity
18.60%
Trailing 12-Months
Asset Growth
12.67%
Trailing 12-Months
Company Description
Heritage Global Inc
Heritage Global Inc is a diversified financial services company. The firm provides acquisition, disposition, valuation, and lending services for surplus and distressed assets. It specializes in acting as an adviser, as well as acquiring or brokering turnkey manufacturing facilities, surplus industrial machinery and equipment, industrial inventories, real estate, accounts receivable portfolios, and intellectual property.
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HGBL Earnings Call
Q2 2024
0:00 / 0:00
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HGBL Stock 12 Month Forecast
Average Price Target
$4.50
▲(161.63% Upside)
Technical Analysis
Best Analysts Covering HGBL
1 Year
1 Year Success Rate
7/18 ratings generated profit
1 Year Average Return
+1.22%
reiterated a buy rating last month
Copying Michael Diana's trades and holding each position for 1 Year would result in 38.89% of your transactions generating a profit, with an average return of +1.22% per trade.
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