Heritage Global Stock Price on March 14, 2024
| HGBL Stock | USD 1.72 0.06 3.61% |
Below is the normalized historical share price chart for Heritage Global extending back to July 07, 1989. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Heritage Global stands at 1.72, as last reported on the 28th of November, with the highest price reaching 1.74 and the lowest price hitting 1.69 during the day.
If you're considering investing in Heritage Stock, it is important to understand the factors that can impact its price. As of now, Heritage Stock is relatively risky. Heritage Global holds Efficiency (Sharpe) Ratio of 0.0112, which attests that the entity had a 0.0112% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Heritage Global, which you can use to evaluate the volatility of the firm. Please check out Heritage Global's Standard Deviation of 2.74, market risk adjusted performance of (0.52), and Risk Adjusted Performance of (0.03) to validate if the risk estimate we provide is consistent with the expected return of 0.0254%.
At this time, Heritage Global's Total Stockholder Equity is quite stable compared to the past year. Liabilities And Stockholders Equity is expected to rise to about 87.3 M this year, although the value of Common Stock Total Equity will most likely fall to about 216 K. . At this time, Heritage Global's Price Earnings Ratio is quite stable compared to the past year. Price To Free Cash Flows Ratio is expected to rise to 8.39 this year, although the value of Price To Sales Ratio will most likely fall to 1.60. Heritage Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 23rd of March 1993 | 200 Day MA 2.2172 | 50 Day MA 1.6578 | Beta 1.189 |
Heritage |
Sharpe Ratio = 0.0112
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| Negative Returns | HGBL |
Estimated Market Risk
| 2.27 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Heritage Global is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Heritage Global by adding Heritage Global to a well-diversified portfolio.
Price Book 0.9399 | Enterprise Value Ebitda 3.5831 | Price Sales 1.2096 | Shares Float 27.5 M | Wall Street Target Price 4.1667 |
Heritage Global Valuation on March 14, 2024
It is possible to determine the worth of Heritage Global on a given historical date. On March 14, 2024 Heritage was worth 3.08 at the beginning of the trading date compared to the closed value of 3.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Heritage Global stock. Still, in general, we apply an absolute valuation method to find Heritage Global's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Heritage Global where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Heritage Global's related companies.
| Open | High | Low | Close | Volume | |
| 3.01 | 3.09 | 2.95 | 3.03 | 50,355 | |
03/14/2024 | 3.08 | 3.09 | 2.95 | 3.00 | 91,482 |
| 3.00 | 3.02 | 2.86 | 2.94 | 166,485 |
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Heritage Global Trading Date Momentum on March 14, 2024
| On March 15 2024 Heritage Global was traded for 2.94 at the closing time. The top price for the day was 3.02 and the lowest listed price was 2.86 . The trading volume for the day was 166.5 K. The trading history from March 15, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.00% . The trading delta at closing time against the current closing price is 8.67% . |
Heritage Global Fundamentals Correlations and Trends
By evaluating Heritage Global's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Heritage Global's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Heritage financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Heritage Global Stock history
Heritage Global investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Heritage is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Heritage Global will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Heritage Global stock prices may prove useful in developing a viable investing in Heritage Global
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 37.6 M | 20.4 M | |
| Net Income Applicable To Common Shares | 17.8 M | 18.7 M |
Heritage Global Stock Technical Analysis
Heritage Global technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Heritage Global Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
Heritage Global cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Heritage Global November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Heritage Global stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Heritage Global shares will generate the highest return on investment. By undertsting and applying Heritage Global stock market strength indicators, traders can identify Heritage Global entry and exit signals to maximize returns
Heritage Global Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Heritage Global's price direction in advance. Along with the technical and fundamental analysis of Heritage Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Heritage to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.53) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Heritage Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more information on how to buy Heritage Stock please use our How to buy in Heritage Stock guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Global. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.41) | Earnings Share 0.27 | Revenue Per Share 1.361 | Quarterly Revenue Growth (0.33) | Return On Assets 0.066 |
The market value of Heritage Global is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Global's value that differs from its market value or its book value, called intrinsic value, which is Heritage Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Global's market value can be influenced by many factors that don't directly affect Heritage Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heritage Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.