Holley (HLLY) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Holley in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HLLY shares.
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10 brokerages have issued 1 year price objectives for Holley's stock. Their HLLY share price forecasts range from $2.00 to $13.00. On average, they predict the company's share price to reach $6.78 in the next twelve months. This suggests a possible upside of 107.8% from the stock's current price.
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Holley's stock was trading at $2.12 at the start of the year. Since then, HLLY shares have increased by 53.8% and is now trading at $3.26.
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Holley saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 3,490,000 shares, an increase of 8.0% from the April 15th total of 3,230,000 shares. Based on an average daily volume of 738,900 shares, the days-to-cover ratio is currently 4.7 days. Currently, 7.4% of the shares of the stock are short sold.
View Holley's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our HLLY earnings forecast.

Holley Inc. (NYSE:HLLY) posted its earnings results on Thursday, March, 9th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.10. The firm earned $154.20 million during the quarter, compared to analyst estimates of $154.12 million. Holley had a net margin of 9.26% and a negative trailing twelve-month return on equity of 1.82%. The company's revenue for the quarter was down 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share.

Holley issued an update on its FY 2023 earnings guidance on Friday, May, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $625.00 million-$675.00 million, compared to the consensus revenue estimate of $647.89 million.

Holley trades on the New York Stock Exchange (NYSE) under the ticker symbol "HLLY."

Holley's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (12.13%), Allspring Global Investments Holdings LLC (3.97%), BlackRock Inc. (2.59%), Geode Capital Management LLC (0.82%), State Street Corp (0.82%) and Bank of America Corp DE (0.53%). Insiders that own company stock include David S Lobel, Dominic Bardos and Thomas W Tomlinson.
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Shares of HLLY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HLLY stock can currently be purchased for approximately $3.26.

Holley (NYSE:HLLY) has a market capitalization of $385.46 million and generates $688.41 million in revenue each year. The company earns $73.77 million in net income (profit) each year or $0.53 on an earnings per share basis.

The company employs 1,622 workers across the globe.

Holley's mailing address is 245 PARK AVENUE 38TH FLOOR, NEW YORK NY, 10167. The official website for the company is www.empowermidocean.com. The company can be reached via phone at 270-782-2900 or via email at hlly@alpha-ir.com.