Hertz Global Holdings Sees Surge in Option Activity as Implied Volatility Rises

Hertz Global Holdings (HTZ) has seen a surge in option trading activity, with 30,897 call options exchanged, tripling the usual volume. Implied volatility rose 13 percentage points to 115.31%. Investors are eyeing the company ahead of its upcoming earnings announcement on August 7th. Analysts forecast an average target price of $4.16, indicating a 48.99% downside from the current price.

Hertz Global Holdings (HTZ) has witnessed a significant uptick in option trading activity, with 30,897 call options exchanged, tripling the usual volume. This surge in activity comes as implied volatility for the stock jumped substantially, climbing nearly 13 percentage points to reach 115.31% [1]. Among the most active options are the 8.5 calls expiring on July 25th and the 10 calls set for expiration in January 2026, contributing to a combined volume of approximately 8,600 contracts.

The current Put/Call Ratio for Hertz stands at a low 0.20, indicating a strong preference for call options among traders. Investors are keeping an eye on the company as it approaches its upcoming earnings announcement scheduled for August 7th [1].

Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Hertz Global Holdings Inc (HTZ) is $4.16, with a high estimate of $6.00 and a low estimate of $2.70. The average target implies a downside of 48.99% from the current price of $8.15 [1]. More detailed estimate data can be found on the Hertz Global Holdings Inc (HTZ) Forecast page.

Based on the consensus recommendation from 10 brokerage firms, Hertz Global Holdings Inc's (HTZ) average brokerage recommendation is currently 3.4, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell [1].

Based on GuruFocus estimates, the estimated GF Value for Hertz Global Holdings Inc (HTZ) in one year is $9.94, suggesting an upside of 21.94% from the current price of $8.1518. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance [1].

References:
[1] https://www.gurufocus.com/news/2998471/surge-in-option-activity-for-hertz-htz-as-implied-volatility-rises-htz-stock-news
[2] https://www.nasdaq.com/articles/interesting-htz-put-and-call-options-september-5th
[3] https://www.nasdaq.com/articles/implied-ivov-analyst-target-price-110