Hertz Global Holdings Inc (HTZ)
$1.78 0.00 (0.00%)
19:00 EDT HTZ Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap 149.64M
PE Ratio 0.42
Volume (Avg. Vol.)
Day's Range 1.78 - 1.78
52-Week Range 0.40 - 20.85
Dividend & Yield N/A (N/A)
HTZ Stock Predictions, Articles, and Hertz Global Holdings Inc News
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Hertz stock has rallied once again. But the equity value here remains zero or close, meaning this rally should reverse once traders move on.
Hertz's business is continuing to operate. This seems to have given shareholders false hope. But make no mistake, Hertz stock will soon be worthless.
Hertz stock has been left for dead, hence its new over-the-counter ticker, "HTZGQ." Thus, let this be a lesson for penny stock speculators.
Hertz is a pink sheet stock that is completely worthless. Hertz stock is now delisted and completely worthless, so don't bother buying it without expecting to lose all your investment.
Hertz Global (HTZGQ) news for Friday includes the company being delisted from the New York Stock Exchange as it goes through bankruptcy.
Hertz stock soared this month on a financing deal. But that keeps the company in bankruptcy, which still makes its equity a likely zero.
HTZ stock soared on Friday on the news of DIP financing. But the company remains in bankruptcy, and the equity has little or no value.
Hertz (HTZ) news for Friday includes agreements for debtor-in-possession financing of $1.65 billion rocketing HTZ stock higher.
Hertz has had five CEOs since 2014. Is it any wonder HTZ stock is barely trading above $1 and most likely headed to the garbage can?
Hertz was already in trouble, but debt and the pandemic pushed it into bankruptcy, and HRTZ stock is approaching penny stock levels.
Hertz stock was once a brief contrarian play for the extreme gambler. But now that the fundamentals are settling in, it’s best to avoid this nightmarish “opportunity.”
Business is likely to remain depressed due to the pandemic impact. High balance sheet debt makes equity worthless in a liquidation scenario.
What's the call here? Don't waste your time (or risk your money) gambling on Hertz stock.
Though Hertz Global’s brand power has attracted speculators, it’s the lack of travel demand that should dissuade most investors from thinking about HTZ stock.
It's been one disappointment after another with HTZ stock, and don't expect the outlook to brighten anytime in the near future.
The added albatross of a Chapter 11 bankruptcy makes HTZ stock a property to steer clear of until the dust settles, assuming it ever does.
Stay away from Hertz stock since it is very likely worthless. HTZ stock will not survive the outcome of its Chapter 11 bankruptcy as creditors are still fighting among themselves.
From The Motley Fool
From Market News Video
Investors in Hertz Global Holdings Inc (HTZ) saw new options begin trading today, for the December 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the HTZ options chain for the new December 11th contracts and identified one put and one call contract of particular interest.