Heritage Global Stock Performance
| HGBL Stock | USD 1.72 0.06 3.61% |
The company retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Heritage Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Heritage Global is expected to be smaller as well. Heritage Global right now retains a risk of 2.27%. Please check out Heritage Global skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Heritage Global will be following its current trending patterns.
Risk-Adjusted Performance
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Over the last 90 days Heritage Global has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent fundamental drivers, Heritage Global is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more
Last Split Factor 1:20 | Last Split Date 2003-12-09 |
1 | Insider Trading | 09/06/2024 |
2 | Disposition of 9513 shares by James Sklar of Heritage Global at 2.57 subject to Rule 16b-3 | 09/26/2024 |
3 | Refurbished Laboratory Equipment Market Estimated to Reach USD 37.6 billion, Advancing at a CAGR of 5.1 percent by 2031 Analysis by Transparency Market Research... | 09/27/2024 |
4 | Disposition of 19664 shares by Ross Dove of Heritage Global at 2.57 subject to Rule 16b-3 | 10/10/2024 |
5 | Disposition of 9199 shares by Topline Capital Partners, Lp of Heritage Global at 2.9 subject to Rule 16b-3 | 10/17/2024 |
6 | Acquisition by Shimer Samuel L of 7500 shares of Heritage Global at 0.53 subject to Rule 16b-3 | 11/05/2024 |
7 | Heritage Global earnings missed by 0.04, revenue fell short of estimates | 11/07/2024 |
8 | Heritage Global Inc Q3 2024 Earnings Call Highlights Strategic Moves Amidst Mixed ... | 11/08/2024 |
9 | Disposition of 10000 shares by David Ludwig of Heritage Global at 1.61 subject to Rule 16b-3 | 11/19/2024 |
10 | Insider Selling Heritage Global Inc. Insider Sells 10,000 Shares of Stock | 11/25/2024 |
| Begin Period Cash Flow | 12.7 M |
Heritage |
Heritage Global Relative Risk vs. Return Landscape
If you would invest 172.00 in Heritage Global on August 30, 2024 and sell it today you would earn a total of 0.00 from holding Heritage Global or generate 0.0% return on investment over 90 days. Heritage Global is currently generating 0.0254% in daily expected returns and assumes 2.2735% risk (volatility on return distribution) over the 90 days horizon. In different words, 20% of stocks are less volatile than Heritage, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Heritage Global Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Heritage Global's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Heritage Global, and traders can use it to determine the average amount a Heritage Global's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
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.
Heritage Global Fundamentals Growth
Heritage Stock prices reflect investors' perceptions of the future prospects and financial health of Heritage Global, and Heritage Global fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Heritage Stock performance.
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.066 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.13 % | ||||
| Current Valuation | 38.59 M | ||||
| Shares Outstanding | 36.34 M | ||||
| Price To Earning | 8.63 X | ||||
| Price To Book | 0.94 X | ||||
| Price To Sales | 1.21 X | ||||
| Revenue | 60.55 M | ||||
| Gross Profit | 26 M | ||||
| EBITDA | 14.83 M | ||||
| Net Income | 12.47 M | ||||
| Cash And Equivalents | 16.08 M | ||||
| Cash Per Share | 0.44 X | ||||
| Total Debt | 9.88 M | ||||
| Debt To Equity | 0.15 % | ||||
| Current Ratio | 1.73 X | ||||
| Book Value Per Share | 1.82 X | ||||
| Cash Flow From Operations | 13.02 M | ||||
| Earnings Per Share | 0.27 X | ||||
| Market Capitalization | 60.33 M | ||||
| Total Asset | 83.17 M | ||||
| Retained Earnings | (233.03 M) | ||||
| Working Capital | 11.56 M | ||||
| Current Asset | 5.67 M | ||||
| Current Liabilities | 10.39 M | ||||
About Heritage Global Performance
By examining Heritage Global's fundamental ratios, stakeholders can obtain critical insights into Heritage Global's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Heritage Global is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 89.34 | 110.68 | |
| Return On Tangible Assets | 0.17 | 0.18 | |
| Return On Capital Employed | 0.21 | 0.18 | |
| Return On Assets | 0.15 | 0.16 | |
| Return On Equity | 0.20 | 0.21 |
Things to note about Heritage Global performance evaluation
Checking the ongoing alerts about Heritage Global for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Heritage Global help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Heritage Global may become a speculative penny stock | |
| About 16.0% of the company shares are held by company insiders | |
| Latest headline from thelincolnianonline.com: Insider Selling Heritage Global Inc. Insider Sells 10,000 Shares of Stock |
- Analyzing Heritage Global's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Heritage Global's stock is overvalued or undervalued compared to its peers.
- Examining Heritage Global's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Heritage Global's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Heritage Global's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Heritage Global's stock. These opinions can provide insight into Heritage Global's potential for growth and whether the stock is currently undervalued or overvalued.
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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.