Hirequest Stock Performance
HQI Stock | USD 13.07 0.41 3.24% |
The company retains a Market Volatility (i.e., Beta) of 1.19, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Hirequest will likely underperform. Hirequest has an expected return of -0.23%. Please make sure to check out Hirequest skewness, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Hirequest performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Hirequest has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in April 2024. The recent confusion may also be a sign of long-lasting up-swing for the firm traders. ...more
Actual Historical Performance (%)
One Day Return 3.24 | Five Day Return 1.79 | Year To Date Return (12.22) | Ten Year Return 165.65 | All Time Return (22.25) |
Forward Dividend Yield 0.019 | Payout Ratio 0.4898 | Last Split Factor 1:12 | Forward Dividend Rate 0.24 | Dividend Date 2024-03-15 |
1 | Airplane holding patterns What they are and why they happen | 02/14/2024 |
2 | HireQuest Is Due To Pay A Dividend Of 0.06 | 02/23/2024 |
3 | Acquisition by Shanahan Kathleen M of 1057 shares of Hirequest at 13.34 subject to Rule 16b-3 | 02/26/2024 |
4 | U.S. Coast Guard searching for missing boaters traveling from Florida Keys to Bahamas | 02/27/2024 |
5 | Heres What Happened to HireQuest in 2023 | 03/05/2024 |
6 | Boxing champ Floyd Mayweather supports United Hatzalah volunteers life-saving work | 03/13/2024 |
7 | Draiver Launches Command Center A Game-Changer in Vehicle Movement Management | 03/14/2024 |
Hirequest dividend paid on 15th of March 2024 | 03/15/2024 |
9 | 03/21/2024 |
10 | HireQuest, Inc. Q4 2023 Earnings Call Transcript | 03/22/2024 |
11 | HireQuest, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions | 03/25/2024 |
Begin Period Cash Flow | 3 M |
Hirequest |
Hirequest Relative Risk vs. Return Landscape
If you would invest 1,528 in Hirequest on December 29, 2023 and sell it today you would lose (221.00) from holding Hirequest or give up 14.46% of portfolio value over 90 days. Hirequest is generating negative expected returns assuming volatility of 2.4808% on return distribution over 90 days investment horizon. In other words, 21% of stocks are less volatile than Hirequest, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
Risk |
Hirequest Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hirequest's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Hirequest, and traders can use it to determine the average amount a Hirequest's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.091
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Negative Returns | HQI |
Estimated Market Risk
2.48 actual daily | 21 79% of assets are more volatile |
Expected Return
-0.23 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Hirequest is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hirequest by adding Hirequest to a well-diversified portfolio.
Hirequest Fundamentals Growth
Hirequest Stock prices reflect investors' perceptions of the future prospects and financial health of Hirequest, and Hirequest fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Hirequest Stock performance.
Return On Equity | 0.11 | ||||
Return On Asset | 0.0675 | ||||
Current Valuation | 190.66 M | ||||
Shares Outstanding | 14 M | ||||
Price To Earning | 21.96 X | ||||
Price To Book | 2.83 X | ||||
Price To Sales | 4.68 X | ||||
Revenue | 37.88 M | ||||
Gross Profit | 30.95 M | ||||
EBITDA | 16.38 M | ||||
Net Income | 6.43 M | ||||
Cash Per Share | 0.08 X | ||||
Debt To Equity | 0.14 % | ||||
Current Ratio | 1.77 X | ||||
Cash Flow From Operations | 10.62 M | ||||
Earnings Per Share | 0.47 X | ||||
Total Asset | 105.58 M | ||||
Retained Earnings | 28.34 M | ||||
Current Asset | 15.83 M | ||||
About Hirequest Performance
To evaluate Hirequest Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Hirequest generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Hirequest Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Hirequest market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Hirequest's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Last Reported | Projected for 2024 | ||
Return On Capital Employed | 0.19 | 0.20 | |
Return On Assets | 0.06 | 0.06 | |
Return On Equity | 0.1 | 0.09 |
Things to note about Hirequest performance evaluation
Checking the ongoing alerts about Hirequest for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Hirequest help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Hirequest generated a negative expected return over the last 90 days | |
Hirequest has a strong financial position based on the latest SEC filings | |
About 62.0% of the company shares are held by company insiders | |
On 15th of March 2024 Hirequest paid $ 0.06 per share dividend to its current shareholders | |
Latest headline from simplywall.st: HireQuest, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions |
- Analyzing Hirequest's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Hirequest's stock is overvalued or undervalued compared to its peers.
- Examining Hirequest's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Hirequest's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Hirequest's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Hirequest's stock. These opinions can provide insight into Hirequest's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hirequest. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. For more detail on how to invest in Hirequest Stock please use our How to Invest in Hirequest guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Hirequest Stock analysis
When running Hirequest's price analysis, check to measure Hirequest'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 Hirequest is operating at the current time. Most of Hirequest's value examination focuses on studying past and present price action to predict the probability of Hirequest's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hirequest's price. Additionally, you may evaluate how the addition of Hirequest to your portfolios can decrease your overall portfolio volatility.
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Is Hirequest'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 Hirequest. If investors know Hirequest 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 Hirequest 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 (0.65) | Dividend Share 0.24 | Earnings Share 0.47 | Revenue Per Share 2.758 | Quarterly Revenue Growth 0.212 |
The market value of Hirequest is measured differently than its book value, which is the value of Hirequest that is recorded on the company's balance sheet. Investors also form their own opinion of Hirequest's value that differs from its market value or its book value, called intrinsic value, which is Hirequest'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 Hirequest's market value can be influenced by many factors that don't directly affect Hirequest'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 Hirequest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hirequest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hirequest'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.