Horizon Stock Today

HZN
 Stock
  

USD 0.57  0.04  6.56%   

Market Performance
0 of 100
Odds Of Distress
Less than 27
Horizon Global is selling for 0.57 as of the 8th of December 2022. This is a -6.56 percent decrease since the beginning of the trading day. The stock's open price was 0.61. Horizon Global has about a 27 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Horizon Global Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of November 2022 and ending today, the 8th of December 2022. Click here to learn more.
CUSIP
44052W104
Fiscal Year End
December
Business Domain
Automobiles & Components
IPO Date
1st of July 2015
Category
Consumer Cyclical
Classification
Consumer Discretionary
Horizon Global Corporation engages in the design, manufacture, and distribution of towing, trailering, cargo management, and other related accessory products worldwide. The company was incorporated in 2015 and is headquartered in Plymouth, Michigan. Horizon Global operates under Auto Parts classification in the United States and is traded on New York Stock Exchange. The company has 27.73 M outstanding shares of which 53.59 K shares are currently shorted by investors with about 0.66 days to cover. More on Horizon Global Corp

Moving together with Horizon Global

+0.62VZVerizon Communications Sell-off TrendPairCorr

Moving against Horizon Global

-0.76JPMJPMorgan Chase Fiscal Year End 13th of January 2023 PairCorr

Horizon Global 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. Horizon Global's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Horizon Global or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Horizon Global Corp generated a negative expected return over the last 90 days
Horizon Global Corp has high historical volatility and very poor performance
Horizon Global Corp has some characteristics of a very speculative penny stock
Horizon Global Corp has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial commitments
The company reported the last year's revenue of 782.12 M. Reported Net Loss for the year was (33.12 M) with profit before taxes, overhead, and interest of 159.09 M.
Horizon Global Corp has about 11.78 M in cash with (42.7 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.95, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Roughly 61.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Horizon Global Announces Appointment of John C. Kennedy as Interim President and Chief Executive Officer - Yahoo Finance
CEOCarl Bizon
Fama & French Classification
Average Analyst Recommendation
Analysts covering Horizon Global report their recommendations after researching Horizon Global's financial statements, talking to executives and customers, or listening in on Horizon Global's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Horizon Global Corp. The Horizon consensus assessment is calculated by taking the average forecast from all of the analysts covering Horizon Global.
Strong Sell1 Opinion
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Horizon Global Corp based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Horizon Global Corp financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted24.2 M27.1 M
Fairly Down
Increasing
Slightly volatile
Weighted Average Shares24.2 M27.1 M
Fairly Down
Increasing
Slightly volatile
Return on Average Assets(7.64)(7.085)
Significantly Down
Decreasing
Slightly volatile
Net Cash Flow from Operations(43.8 M)(42.7 M)
Fairly Down
Decreasing
Slightly volatile
Current Liabilities153.8 M161.8 M
Notably Down
Increasing
Slightly volatile
Total Liabilities421.6 M472.6 M
Fairly Down
Increasing
Slightly volatile
Gross Margin21.5318.2299
Fairly Up
Decreasing
Slightly volatile
Total Debt302.5 M321.3 M
Notably Down
Increasing
Slightly volatile
Asset Turnover1.561.747
Moderately Down
Decreasing
Slightly volatile
Current Assets251.3 M273.2 M
Significantly Down
Increasing
Slightly volatile
Total Assets425.3 M438.9 M
Sufficiently Down
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Horizon Global's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Financial Strength
Horizon Global's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Horizon Global's 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 Horizon Global's financial leverage. It provides some insight into what part of Horizon Global's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Horizon Global's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Horizon Global deploys its capital and how much of that capital is borrowed.
Liquidity
Horizon Global cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 270.55 M in debt with debt to equity (D/E) ratio of 685.7, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Horizon Global Corp has a current ratio of 2.07, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Horizon Global until it has trouble settling it off, either with new capital or with free cash flow. So, Horizon Global's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Horizon Global Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Horizon to invest in growth at high rates of return. When we think about Horizon Global's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

(43.82 Million)
Horizon Global Corp (HZN) is traded on New York Stock Exchange in USA and employs 3,500 people. Horizon Global is listed under Auto Parts & Equipment category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a total capitalization of 17.35 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Horizon Global's market, we take the total number of its shares issued and multiply it by Horizon Global'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. Horizon Global Corp runs under Auto Components sector within Consumer Discretionary industry. The entity has 27.73 M outstanding shares of which 53.59 K shares are currently shorted by investors with about 0.66 days to cover. Horizon Global Corp has about 11.78 M in cash with (42.7 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.95, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Horizon Global Probability Of Bankruptcy
Ownership
Horizon Global secures a total of 27.73 Million outstanding shares. Over half of Horizon Global Corp outstanding shares are owned by outside corporations. These outside corporations are typically referred to corporate investors that purchase positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulation than regular investors in Horizon Global Corp. Please watch out for any change in the institutional holdings of Horizon Global as this could mean something significant has changed or 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.

Ownership Allocation (%)

Check Horizon Ownership Details

Horizon Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Horizon Global jumping above the current price in 90 days from now is about 84.13%. The Horizon Global Corp probability density function shows the probability of Horizon Global stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Horizon Global has a beta of 0.8152. This usually indicates as returns on the market go up, Horizon Global average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Horizon Global Corp will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Horizon Global Corp is significantly underperforming NYSE Composite.
  Odds Below 0.57HorizonTargetOdds Above 0.57
15.82%90 days
 0.57 
84.13%
Based on a normal probability distribution, the odds of Horizon Global to move above the current price in 90 days from now is about 84.13 (This Horizon Global Corp probability density function shows the probability of Horizon Stock to fall within a particular range of prices over 90 days) .

Horizon Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Horizon Global that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Horizon Global's 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 Horizon Global's value.
InstituionSecurity TypeTotal SharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares5.00.0
Zurcher Kantonalbank Zurich CantonalbankCommon Shares5.00.0
Zazove Associates LlcDebt5.6 M4.7 M
Wolverine Trading LlcPut Options15.7 K112 K
View Horizon Global Diagnostics

Horizon Global Historical Income Statement

Horizon Global Corp Income Statement is one of the three primary financial statements used for reporting Horizon's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Horizon Global Corp revenue and expense. Horizon Global Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Horizon Global Cost of Revenue is quite stable at the moment as compared to the past year. The company's current value of Cost of Revenue is estimated at 652.62 Million. Net Loss Income from Discontinued Operations is expected to rise to about 620.4 K this year, although the value of Direct Expenses will most likely fall to about 571.2 M. View More Fundamentals

Horizon Stock Against Markets

Picking the right benchmark for Horizon Global 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 Horizon Global 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 Horizon Global is critical whether you are bullish or bearish towards Horizon Global Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Horizon Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Horizon Global Corporate Directors

Horizon Global corporate directors refer to members of a Horizon Global board of directors. The board of directors generally takes responsibility for the Horizon Global's 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 Horizon Global's board members must vote for the resolution. The Horizon Global board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
David Roberts - Independent DirectorProfile
Christi Cowdin - Director, Corporate Communications and Investor RelationsProfile
Frederick Henderson - Independent DirectorProfile
Brett Milgrim - Independent DirectorProfile

Invested in Horizon Global Corp?

The danger of trading Horizon Global 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 Horizon Global 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 Horizon Global. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Horizon Global 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.
Please check Risk vs Return Analysis. Note that the Horizon Global Corp information on this page should be used as a complementary analysis to other Horizon Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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When running Horizon Global Corp price analysis, check to measure Horizon Global's 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 Horizon Global is operating at the current time. Most of Horizon Global's value examination focuses on studying past and present price action to predict the probability of Horizon Global's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Horizon Global's price. Additionally, you may evaluate how the addition of Horizon Global to your portfolios can decrease your overall portfolio volatility.
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Is Horizon Global's 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 Horizon Global. If investors know Horizon 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 Horizon Global 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 YOY
(0.99) 
Market Capitalization
17.3 M
Quarterly Revenue Growth YOY
(0.24) 
Return On Assets
(0.07) 
The market value of Horizon Global Corp is measured differently than its book value, which is the value of Horizon that is recorded on the company's balance sheet. Investors also form their own opinion of Horizon Global's value that differs from its market value or its book value, called intrinsic value, which is Horizon Global's 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 Horizon Global's market value can be influenced by many factors that don't directly affect Horizon Global's 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 Horizon Global's value and its price as these two are different measures arrived at by different means. Investors typically determine Horizon Global value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Horizon Global's 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.