Heritage Global Inc. (HGBL): Price and Financial Metrics
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HGBL Price/Volume Stats
|Current price||$2.52||52-week high||$4.20|
|Prev. close||$2.50||52-week low||$1.48|
|Day high||$2.58||Avg. volume||134,324|
|50-day MA||$2.92||Dividend yield||N/A|
|200-day MA||$2.63||Market Cap||89.89M|
Heritage Global Inc. (HGBL) Company Bio
Heritage Global Inc. is an asset services company with focus on financial and industrial asset transactions. The company provides services including market making, acquisitions, dispositions, valuations, and secured lending. It focuses on identifying, valuing, acquiring, and monetizing underlying tangible and intangible assets. Heritage Global Inc. acts as an adviser, as well as a principal, acquiring or brokering turnkey manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; accounts receivable portfolios; intellectual property; and entire business enterprises. 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 incorporated in 1983 and is headquartered in San Diego, California.
HGBL Price Forecast Based on DCF Valuation
|Current Price||DCF Fair Value Target:||Forecasted Gain:|
We started the process of determining a valid price forecast for Heritage Global Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Heritage Global Inc ranked in the 82th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 375.67% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for HGBL, they are:
- Heritage Global Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
- The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than only 0% of stocks in its sector (Technology).
|Terminal Growth Rate in Free Cash Flow||Return Relative to Current Share Price|
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Latest HGBL News From Around the Web
Below are the latest news stories about Heritage Global Inc that investors may wish to consider to help them evaluate HGBL as an investment opportunity.
SAN DIEGO, Jun 16, 2021--HGBL Russell Microcap Index
SAN DIEGO--(BUSINESS WIRE)--Heritage Global Inc. (NASDAQ: HGBL) (Heritage Global, HGI or the Company), an asset services company specializing in financial and industrial asset transactions, announced today that it will be presenting virtually at the upcoming LD Micro Invitational XI event on Tuesday, June 8th at 5:00 PM ET. Ross Dove, Chief Executive Officer of Heritage Global Inc., will be giving the presentation. The LD Micro invitational event is one of the premier conferences being h
Heritage Global Inc (NASDAQ: HGBL) shares fell -0.34% to end trading Wednesday at $2.93 per share - a net change of $-0.01. Shares traded between $2.98 and $2.81 throughout the day. 11099 shares of Heritage Global Inc exchanged hands. Visit Heritage Global Incs profile for more information. About The Nasdaq Stock Market The Nasdaq Stock Market is a global leader in trading data and services, and equities and options listing. Nasdaq is the world\''s leading exchange for options volume and is home to the five largest US companies - Apple, Microsoft, Amazon, Alphabet and Facebook. To get more information on Heritage Global Inc and to follow the companys latest updates, you can visit the companys profile page here: Heritage Global Incs Profile . For more news on the financial markets be sur...
In a report released today, Michael Shlisky from Colliers Securities maintained a Buy rating on Heritage Global (HGBL), with a price target of The post Heritage Global (HGBL) Gets a Buy Rating from Colliers Securities appeared first on Smarter Analyst .
HGBL 1Q21 Earnings Release
HGBL Price Returns