HC2 Holdings, Inc. (NYSE:HCHC) Currently 36.59% Below Its 52-week High But The Upside …

In recent trading session, HC2 Holdings, Inc. (NYSE:HCHC) saw 1,626,131 shares changing hands with its beta currently measuring 2.36. Company’s recent per share price level of $3.17 trading at -$0.2 or -5.94% at recent trade assigns it a market valuation of $242.01 Million. That current trading price of HCHC’s stock is at a discount of -36.59% from its 52-week high price of $4.33 and is indicating a premium of 59.31% from its 52-week low price of $1.29. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.24 Million shares which gives us an average trading volume of 577.25 Million if we extend that period to 3-months.

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For HC2 Holdings, Inc. (HCHC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 0. Splitting up the data highlights that, out of 1 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.2 in the current quarter.

In the face of being in the red today for losing -5.94%, in the last five days HCHC remained trading in the green while hitting it’s week-highest on Thursday, Dec 24 when the stock touched $3.80-1 price level, adding 19.13% to its value on the day. HC2 Holdings, Inc.’s shares saw a change of 41.62% in year-to-date performance and have moved -6.3% in past 5-day. HC2 Holdings, Inc. (NYSE:HCHC) showed a performance of -8.26% in past 30-days. Number of shares sold short was 2.49 Million shares which calculate 0 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $5 to the stock, which implies a rise of 57.73% to its current value. Analysts have been projecting $5 as a low price target for the stock while placing it at a high target of $5. It follows that stock’s current price would jump +57.73% in reaching the projected high whereas dropping to the targeted low would mean a loss of 57.73% for stock’s current value.

HC2 Holdings, Inc. (HCHC) estimates and forecasts

Statistics highlight that HC2 Holdings, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +7.67% of value to its shares in past 6 months, showing an annual growth rate of -2411.11% while that of industry is -20.6. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 69.7% in the current quarter and calculating 87.9% increase in the next quarter. This year revenue growth is estimated to drop -26.2% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $250Million for the same. And 1 analysts are in estimates of company making revenue of $251.7 Million in the next quarter that will end in March 01, 2021. Company posted $498.4 Million and $444.8 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -49.8% while estimating it to be -43.4% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.2% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -121.1% while estimates for its earnings growth in next 5 years are of 0%

HC2 Holdings, Inc. (NYSE:HCHC)’s Major holders

Insiders are in possession of 39.64% of company’s total shares while institution are holding 27.97% percent of that, with stock having share float percentage of 46.33%. Investors also watch the number of corporate investors in a company very closely, which is 105 institutions for HC2 Holdings, Inc. that are currently holding shares of the company. Jefferies Group Inc is the top institutional holder at HCHC for having 3.52 Million shares of worth $8.53 Million. And as of September 29, 2020, it was holding 7.44% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 2.77 Million shares on September 29, 2020. The number of shares represents firm’s hold over 5.84% of outstanding shares, having a total worth of $6.69 Million.

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On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of November 29, 2020, the former fund manager was holding 1511186 shares of worth $5.06 Million or 3.19% of the total outstanding shares. The later fund manager was in possession of 1.23 Million shares on September 29, 2020, making its stake of worth around $2.98 Million in the company or a holder of 2.6% of company’s stock.

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