Hireright Holdings Corp Stock Today
| HRT Stock | USD 14.33 0.01 0.07% |
Performance12 of 100
| Odds Of DistressLess than 30
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HireRight Holdings is selling for under 14.33 as of the 23rd of April 2024; that is 0.07 percent up since the beginning of the trading day. The stock's last reported lowest price was 14.32. HireRight Holdings has about a 30 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for HireRight Holdings Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of January 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Commercial & Professional Services | IPO Date 29th of October 2021 | Category Industrials |
HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. The company was incorporated in 1990 and is based in Nashville, Tennessee. Hireright Holdings operates under Staffing Employment Services classification in the United States and is traded on New York Stock Exchange. The company has 67.35 M outstanding shares of which 299.61 K shares are currently shorted by investors with about 0.83 days to cover. More on HireRight Holdings Corp
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Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
HireRight Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. HireRight Holdings' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding HireRight Holdings or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Guy Abramo | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Harte Gold Corp, Hanoi Railway Transport JSC] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Environmental & Facilities Services, Commercial & Professional Services, Industrials, NYSE Composite, Industrials, Commercial Services & Supplies, Staffing & Employment Services, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering HireRight Holdings report their recommendations after researching HireRight Holdings' financial statements, talking to executives and customers, or listening in on HireRight Holdings' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering HireRight Holdings Corp. The HireRight consensus assessment is calculated by taking the average forecast from all of the analysts covering HireRight Holdings. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to HireRight Holdings' liquidity, profitability, solvency, and operating efficiency, HireRight Holdings Corp is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of HireRight Holdings Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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HireRight Holdings' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to HireRight Holdings' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand HireRight Holdings' financial leverage. It provides some insight into what part of HireRight Holdings' total assets is financed by creditors.
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HireRight Holdings Corp (HRT) is traded on New York Stock Exchange in USA. It is located in 100 Centerview Drive, Nashville, TN, United States, 37214 and employs 3,190 people. HireRight Holdings is listed under Environmental & Facilities Services category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 964.49 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate HireRight Holdings's market, we take the total number of its shares issued and multiply it by HireRight Holdings's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. HireRight Holdings Corp runs under Commercial Services & Supplies sector within Industrials industry. The entity has 67.35 M outstanding shares of which 299.61 K shares are currently shorted by investors with about 0.83 days to cover.
HireRight Holdings Corp has about 111.03 M in cash with 90.22 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.49.
Check HireRight Holdings Probability Of Bankruptcy
Ownership AllocationHireRight Holdings secures a total of 67.35 Million outstanding shares. The majority of HireRight Holdings Corp outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in HireRight Holdings to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in HireRight Holdings Corp. Please pay attention to any change in the institutional holdings of HireRight Holdings Corp as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check HireRight Ownership Details
HireRight Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of HireRight Holdings jumping above the current price in 90 days from now is about 20.49%. The HireRight Holdings Corp probability density function shows the probability of HireRight Holdings stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon HireRight Holdings has a beta of 0.2502. This usually indicates as returns on the market go up, HireRight Holdings average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding HireRight Holdings Corp will be expected to be much smaller as well. Additionally, hireRight Holdings Corp has an alpha of 0.15, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of HireRight Holdings to move above the current price in 90 days from now is about 20.49 (This HireRight Holdings Corp probability density function shows the probability of HireRight Stock to fall within a particular range of prices over 90 days) .
HireRight Stock Institutional Holders
Institutional Holdings refers to the ownership stake in HireRight Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of HireRight Holdings' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing HireRight Holdings' value.| Instituion | Recorded On | Shares | |
| Citadel Advisors Llc | 2023-09-30 | 362.2 K | |
| Jacobs Levy Equity Management, Inc. | 2023-09-30 | 345.6 K | |
| State Street Corporation | 2023-12-31 | 339.7 K | |
| Lgt Capital Partners Ltd. | 2023-12-31 | 313.1 K | |
| Geode Capital Management, Llc | 2023-12-31 | 282.7 K | |
| Emerald Advisers, Llc | 2023-12-31 | 251.4 K | |
| Renaissance Technologies Corp | 2023-12-31 | 225.4 K | |
| Emerald Mutual Fund Advisers Trust | 2023-12-31 | 207.7 K | |
| Jpmorgan Chase & Co | 2023-12-31 | 196.3 K | |
| General Atlantic Llc | 2023-12-31 | 32.1 M | |
| Stone Point Capital Llc | 2023-12-31 | 18.5 M |
HireRight Holdings Historical Income Statement
HireRight Holdings Corp Income Statement is one of the three primary financial statements used for reporting HireRight's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of HireRight Holdings Corp revenue and expense. HireRight Holdings Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, HireRight Holdings' Net Income Applicable To Common Shares is comparatively stable compared to the past year. Income Tax Expense is likely to gain to about 151.2 K in 2024, whereas Interest Expense is likely to drop slightly above 50.2 M in 2024. View More FundamentalsHireRight Stock Against Markets
Picking the right benchmark for HireRight Holdings stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in HireRight Holdings stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for HireRight Holdings is critical whether you are bullish or bearish towards HireRight Holdings Corp at a given time. Please also check how HireRight Holdings' historical prices are related to one of the top price index indicators.
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HireRight Holdings Corporate Directors
HireRight Holdings corporate directors refer to members of a HireRight Holdings board of directors. The board of directors generally takes responsibility for the HireRight Holdings' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of HireRight Holdings' board members must vote for the resolution. The HireRight Holdings board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Edythe Marcoux | Independent Director | Profile | |
| Paul Walter | Independent Director | Profile | |
| Lisa Pankratz | Independent Director | Profile | |
| Jason Chambers | Independent Director | Profile |
How to buy HireRight Stock?
Before investing in HireRight Holdings, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in HireRight Holdings. To buy HireRight Holdings stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of HireRight Holdings. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase HireRight Holdings stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located HireRight Holdings Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased HireRight Holdings Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as HireRight Holdings Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy HireRight Stock please use our How to Invest in HireRight Holdings guide.
Already Invested in HireRight Holdings Corp?
The danger of trading HireRight Holdings Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of HireRight Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than HireRight Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile HireRight Holdings Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether HireRight Holdings Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if HireRight Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Hireright Holdings Corp Stock. Highlighted below are key reports to facilitate an investment decision about Hireright Holdings Corp Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HireRight Holdings Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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When running HireRight Holdings' price analysis, check to measure HireRight Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HireRight Holdings is operating at the current time. Most of HireRight Holdings' value examination focuses on studying past and present price action to predict the probability of HireRight Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HireRight Holdings' price. Additionally, you may evaluate how the addition of HireRight Holdings to your portfolios can decrease your overall portfolio volatility.
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Is HireRight Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HireRight Holdings. If investors know HireRight will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HireRight Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.90) | Earnings Share (0.16) | Revenue Per Share 9.897 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0306 |
The market value of HireRight Holdings Corp is measured differently than its book value, which is the value of HireRight that is recorded on the company's balance sheet. Investors also form their own opinion of HireRight Holdings' value that differs from its market value or its book value, called intrinsic value, which is HireRight Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HireRight Holdings' market value can be influenced by many factors that don't directly affect HireRight Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HireRight Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if HireRight Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HireRight Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.