NASDAQ:HGBL

Heritage Global (HGBL) Stock Price, News & Analysis

$2.47
-0.02 (-0.80%)
(As of 04/22/2024 ET)
Today's Range
$2.46
$2.55
50-Day Range
$2.47
$3.03
52-Week Range
$2.33
$4.08
Volume
72,780 shs
Average Volume
74,577 shs
Market Capitalization
$92.23 million
P/E Ratio
7.49
Dividend Yield
N/A
Price Target
$5.25

Heritage Global MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
112.6% Upside
$5.25 Price Target
Short Interest
Healthy
0.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$34,467 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.69 out of 5 stars

Finance Sector

544th out of 842 stocks

Business Services, Not Elsewhere Classified Industry

53rd out of 85 stocks

HGBL stock logo

About Heritage Global Stock (NASDAQ:HGBL)

Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services. The company focuses on identifying, valuing, acquiring, and monetizing underlying tangible assets. It acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; and charged-off receivable portfolios. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was founded in 1937 and is headquartered in San Diego, California.

HGBL Stock Price History

HGBL Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Recap: Heritage Glb Q4 Earnings
Here's what to expect from Heritage Global's earnings report
Preview: Heritage Glb's Earnings
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
7 Penny Stocks to Buy Before They Pop 7,000%
Heritage Global Inc. (HGBL)
Heritage Insurance: An Unjustified Premium
See More Headlines
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Company Calendar

Last Earnings
3/14/2024
Today
4/22/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:HGBL
Employees
82
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$5.25
High Stock Price Target
$6.00
Low Stock Price Target
$4.50
Potential Upside/Downside
+112.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$12.48 million
Pretax Margin
23.11%

Debt

Sales & Book Value

Annual Sales
$60.54 million
Cash Flow
$0.36 per share
Book Value
$1.64 per share

Miscellaneous

Free Float
32,856,000
Market Cap
$92.23 million
Optionable
Not Optionable
Beta
1.29
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HGBL Stock Analysis - Frequently Asked Questions

Should I buy or sell Heritage Global stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Heritage Global in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HGBL shares.
View HGBL analyst ratings
or view top-rated stocks.

What is Heritage Global's stock price target for 2024?

2 brokers have issued 1-year price objectives for Heritage Global's shares. Their HGBL share price targets range from $4.50 to $6.00. On average, they expect the company's share price to reach $5.25 in the next twelve months. This suggests a possible upside of 112.6% from the stock's current price.
View analysts price targets for HGBL
or view top-rated stocks among Wall Street analysts.

How have HGBL shares performed in 2024?

Heritage Global's stock was trading at $2.78 at the beginning of the year. Since then, HGBL shares have decreased by 11.2% and is now trading at $2.47.
View the best growth stocks for 2024 here
.

Are investors shorting Heritage Global?

Heritage Global saw a increase in short interest in March. As of March 31st, there was short interest totaling 60,600 shares, an increase of 8.4% from the March 15th total of 55,900 shares. Based on an average daily volume of 73,800 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company's stock are sold short.
View Heritage Global's Short Interest
.

When is Heritage Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our HGBL earnings forecast
.

How were Heritage Global's earnings last quarter?

Heritage Global Inc. (NASDAQ:HGBL) released its quarterly earnings results on Thursday, March, 14th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $15.28 million for the quarter. Heritage Global had a trailing twelve-month return on equity of 23.50% and a net margin of 20.60%.

What other stocks do shareholders of Heritage Global own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Heritage Global investors own include Marinus Pharmaceuticals (MRNS), Fortescue (FSUGY), Centogene (CNTG) and Champion Iron (CHPRF).

Who are Heritage Global's major shareholders?

Heritage Global's stock is owned by many different retail and institutional investors. Top institutional investors include Ridgewood Investments LLC (0.53%). Insiders that own company stock include Allan C Silber, Allan C Silber, Barbara A Sinsley, Brian J Cobb, David Van Ludwig, Michael Hexner, Nicholas Kirk Dove, Ross Dove, Samuel L Shimer, Topline Capital Management, Ll and Topline Capital Partners, Lp.
View institutional ownership trends
.

How do I buy shares of Heritage Global?

Shares of HGBL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HGBL) was last updated on 4/23/2024 by MarketBeat.com Staff

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