Are The Shorts Increasing Their Position In Harley-Davidson, Inc. (HOG)?

Harley-Davidson, Inc. (HOG)

Harley-Davidson, Inc. (HOG), a Recreational Vehicles corporation, was a bullish stock in the prior session. Harley-Davidson, Inc. (HOG) stock opened the day for trading at $24.04 and closed the day at $21.83 with negative move of -10.39%. This decrease movement lagged the Nasdaq, a tech-heavy index, lose of -0.28% for the prior day.

Harley-Davidson, Inc. (HOG) is focused on the Recreational Vehicles sector. This sector has seen some volatility from day traders in recent weeks. Bullish day traders of Harley-Davidson, Inc. (HOG) will be looking for positive upcoming earnings whereas bearish day traders of Harley-Davidson, Inc. (HOG) will be looking for negative earnings. The last time Harley-Davidson, Inc. (HOG) had an earnings surprise was on Qtr Ending 03/20 when they reported $0.51 compared to an estimate of $0.48 which was a difference of $+0.03 resulting in a change of +6.25%. Current earnings estimates are to be released for Current Qtr 06/2020 on Harley-Davidson, Inc. (HOG) and out of 6 Wall Street estimates the average is saying $0.11. The high estimate is saying $0.31 whereas the low estimate is saying -$0.23 and the prior year Harley-Davidson, Inc. (HOG) announced earnings at $1.46 a growth rate est. (year over year) of -92.47%.

The market performance of Harley-Davidson, Inc. (HOG) has varied recently. Year to date Harley-Davidson, Inc. (HOG)’s shares are down -41.30%. Over the past 12 weeks Harley-Davidson, Inc. (HOG) is down -36.73% and over the last 4 weeks Harley-Davidson, Inc. (HOG) is up 35.59%. Harley-Davidson, Inc. (HOG) current income statement shows revenue (ttm) of $5.28B. Gross Profit is $1.62B. This puts the current EBITDA of Harley-Davidson, Inc. (HOG) at $759.45M.

Wall street day traders might also notice recent changes to stock analyst estimates for Harley-Davidson, Inc. (HOG). The stock is trading with an RSI (relative strength index) of 53.24 indicating Harley-Davidson, Inc. (HOG) is neither overbought nor oversold. Technically, HOG’s short term support levels are around $3.54, $2.82 and $1.97 on the downside. HOGs short term resistance levels are $6.00, $5.50 and $5.32 on the upside. The market cap of Harley-Davidson, Inc. (HOG) is $3.343B and institutions hold 98.89% of the stock. The outstanding share count stands at 153.87M while the short float (shares short) stands at 11.71%.

Stock market research indicates that these financial estimate changes look to be directly correlated with short-term stock prices. The day traders can look to capitalize on the basis of ranking. Harley-Davidson, Inc. (HOG) has short term rating of Neutral (0.18), Intermediate rating of Neutral (0.02) and long-term rating of Very Bearish (-0.50) giving Harley-Davidson, Inc. (HOG) an overall rating of Neutral (-0.10).

The EPS growth this year on Harley-Davidson, Inc. (HOG) is decreased -16.10% and is expected to increase 118.03% next year. However, quarterly earnings (EPS) growth year over year on Harley-Davidson, Inc. (HOG) has increased by 54.50% and quarterly revenue (Sales) growth year over year stands at -6.40%. Gross margin is detected at 35.80% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 7.90% while return on equity (ttm) is 23.10%.

Recent Developments:

2020-04-28 – Harley-Davidson Says May Need to “De-Emphasize” From Some International Markets – Conf Call.
2020-04-28 – Harley-Davidson Announces Q1 GAAP Earnings Per Share $0.45.
2020-04-16 – Lawrence Hund Promoted To Chief Commercial Officer Of Harley-Davidson Motor Company.
2020-04-15 – Harley-Davidson Says Significantly Reducing All Non-Essential Spending.
2020-03-30 – Harley-Davidson Entered Into Settlement Agreement With Impala Fund And Impala Asset Management Llc – SEC Filing.

About Company:

Milwaukee, WI-based Harley-Davidson, Inc. is the parent entity of company groups doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The two reportable segments of the company are:The Motorcycles and Related Products segment ( accounting for 87% of total revenues in 2019) consists of HDMC that designs, manufactures and sells Harley-Davidson motorcycles (currently comprising cruiser and touring models among others) along with motorcycle parts, accessories, general merchandise and related services.