Heritage Global Inc. (HGBL)

Market Cap	84.58M
Revenue (ttm)	56.09M
Net Income (ttm)	11.45M
Shares Out	37.34M
EPS (ttm)	0.30
PE Ratio	7.53
Forward PE	6.27
Dividend	n/a
Ex-Dividend Date	n/a

Volume	31,343
Open	2.260
Previous Close	2.265
Day's Range	2.250 - 2.315
52-Week Range	2.120 - 4.080
Beta	1.24
Analysts	Strong Buy
Price Target	6.00 (+165.49%)
Earnings Date	May 9, 2024

About HGBL

Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company operates in three segments: Auction and Liquidation, Refurbishment & Resale, and Brokerage. It provides a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services. The company focuses on identifying, valuing, acquiring, and monetizing underlying tangible assets. It acts as an adviser, as well as a principal, acquiring, or brokering ma...

• Industry: Capital Markets
• Sector: Financials
• CEO: Ross M. Dove
• Employees: 82
• Stock Exchange: NASDAQ
• Ticker Symbol: HGBL

Financial Performance

In 2023, HGBL's revenue was $60.55 million, an increase of 29.06% compared to the previous year's $46.91 million. Earnings were $12.48 million, a decrease of -19.48%.

Analyst Forecast

According to 2 analysts, the average rating for HGBL stock is "Strong Buy." The 12-month stock price forecast is $6.0, which is an increase of 165.49% from the latest price.

Price Target

$6.0

(165.49% upside)

Analyst Consensus: Strong Buy