Heritage Global Stock Analysis
| HGBL Stock | USD 1.72 0.06 3.61% |
Heritage Global is undervalued with Real Value of 2.63 and Target Price of 5.67. The main objective of Heritage Global stock analysis is to determine its intrinsic value, which is an estimate of what Heritage Global is worth, separate from its market price. There are two main types of Heritage Global's stock analysis: fundamental analysis and technical analysis.
The Heritage Global stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA.
Heritage |
Heritage Stock Analysis Notes
About 16.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.94. Some equities with similar Price to Book (P/B) outperform the market in the long run. Heritage Global had not issued any dividends in recent years. The entity had 1:20 split on the 9th of December 2003. Heritage Global, Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. Heritage Global, Inc. was incorporated in 1983 and is headquartered in San Diego, California. Heritage Global operates under Capital Markets classification in the United States and is traded on NASDAQ Exchange. It employs 63 people. To learn more about Heritage Global call Ross Dove at 858 847 0659 or check out https://hginc.com.Heritage Global Investment Alerts
| 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 |
Heritage Global Upcoming and Recent Events
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Heritage Largest EPS Surprises
Earnings surprises can significantly impact Heritage Global's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-05-09 | 2024-03-31 | 0.06 | 0.05 | -0.01 | 16 | ||
2022-05-12 | 2022-03-31 | 0.03 | 0.02 | -0.01 | 33 | ||
2021-05-13 | 2021-03-31 | 0.04 | 0.03 | -0.01 | 25 |
Heritage Stock Institutional Investors
Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Ridgewood Investments Llc | 2024-09-30 | 223.6 K | Connective Capital Management Llc | 2024-06-30 | 207.5 K | Mutual Advisors, Llc | 2024-09-30 | 167.5 K | Blackrock Inc | 2024-06-30 | 136.8 K | Ameriprise Financial Inc | 2024-06-30 | 106.6 K | State Street Corp | 2024-06-30 | 103 K | Citadel Advisors Llc | 2024-09-30 | 96.5 K | First Trust Advisors L.p. | 2024-06-30 | 87.1 K | Man Group Plc | 2024-09-30 | 62.8 K | Punch & Associates Inv Mgmt Inc | 2024-09-30 | 2.5 M | Vanguard Group Inc | 2024-09-30 | 1.9 M |
Heritage Market Capitalization
The company currently falls under 'Micro-Cap' category with a current market capitalization of 60.33 M.Heritage Profitablity
The company has Profit Margin (PM) of 0.21 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.13 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.13.| Last Reported | Projected for Next Year | ||
| 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 |
Management Efficiency
Heritage Global has return on total asset (ROA) of 0.066 % which means that it generated a profit of $0.066 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1677 %, meaning that it created $0.1677 on every $100 dollars invested by stockholders. Heritage Global's management efficiency ratios could be used to measure how well Heritage Global manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Heritage Global's Return On Tangible Assets are quite stable compared to the past year. Return On Assets is expected to rise to 0.16 this year, although the value of Return On Capital Employed will most likely fall to 0.18. At this time, Heritage Global's Net Tangible Assets are quite stable compared to the past year. Return On Tangible Assets is expected to rise to 0.18 this year, although the value of Other Assets will most likely fall to 0.95.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.67 | 1.58 | |
| Tangible Book Value Per Share | 1.36 | 2.59 | |
| Enterprise Value Over EBITDA | 6.71 | 6.38 | |
| Price Book Value Ratio | 1.67 | 1.59 | |
| Enterprise Value Multiple | 6.71 | 6.38 | |
| Price Fair Value | 1.67 | 1.59 | |
| Enterprise Value | 99.6 M | 104.5 M |
Heritage Global's management has consistently demonstrated strong leadership, driving both financial growth and operational excellence. By analyzing current market trends and future growth opportunities, we assess the stock's true value and potential for investors.
Operating Margin 0.1325 | Profit Margin 0.206 | Beta 1.189 | Return On Assets 0.066 | Return On Equity 0.1677 |
Technical Drivers
As of the 27th of November, Heritage Global retains the Risk Adjusted Performance of (0.03), standard deviation of 2.74, and Market Risk Adjusted Performance of (0.52). Heritage Global technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Heritage Global market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Heritage Global is priced fairly, providing market reflects its last-minute price of 1.72 per share. Please also validate Heritage Global jensen alpha, which is currently at (0.16) to confirm the company can sustain itself at a future point.Heritage Global Price Movement Analysis
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Heritage Global middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Heritage Global. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Heritage Global Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Heritage Global insiders, such as employees or executives, is commonly permitted as long as it does not rely on Heritage Global's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Heritage Global insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Heritage Global Outstanding Bonds
Heritage Global issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Heritage Global uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Heritage bonds can be classified according to their maturity, which is the date when Heritage Global has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
Heritage Global Predictive Daily Indicators
Heritage Global intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Heritage Global stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Heritage Global Forecast Models
Heritage Global's time-series forecasting models are one of many Heritage Global's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Heritage Global's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Heritage Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Heritage Global prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Heritage shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Heritage Global. By using and applying Heritage Stock analysis, traders can create a robust methodology for identifying Heritage entry and exit points for their positions.
| Last Reported | Projected for Next Year | ||
| Pretax Profit Margin | 0.23 | 0.24 | |
| Operating Profit Margin | 0.24 | 0.25 | |
| Net Profit Margin | 0.21 | 0.22 | |
| Gross Profit Margin | 0.66 | 0.42 |
Current Heritage Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Heritage analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Heritage analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
| Target Price | Advice | # of Analysts | |
| 5.67 | Strong Buy | 3 | Odds |
Most Heritage analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Heritage stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Heritage Global, talking to its executives and customers, or listening to Heritage conference calls.
Heritage Stock Analysis Indicators
Heritage Global stock analysis indicators help investors 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 understating and applying Heritage Global stock analysis, traders can identify Heritage Global position entry and exit signals to maximize returns.
| Begin Period Cash Flow | 12.7 M | |
| Long Term Debt | 5.5 M | |
| Common Stock Shares Outstanding | 37.6 M | |
| Total Stockholder Equity | 61.1 M | |
| Tax Provision | -4.9 M | |
| Quarterly Earnings Growth Y O Y | -0.405 | |
| Property Plant And Equipment Net | 4.2 M | |
| Cash And Short Term Investments | 12.3 M | |
| Cash | 12.3 M | |
| Accounts Payable | 159 K | |
| Net Debt | -2.4 M | |
| 50 Day M A | 1.6578 | |
| Total Current Liabilities | 14.7 M | |
| Other Operating Expenses | 46.2 M | |
| Non Current Assets Total | 56.9 M | |
| Non Currrent Assets Other | 11 M | |
| Stock Based Compensation | 776 K |
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.