HireQuest, Inc. (HQI) Stock: A Service Stock That’s Seeing Strong Declines

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HireQuest, Inc. (HQI) is falling in the market today. The stock, one that is focused on the service industry, is currently trading at $5.61 after tumbling -13.29% so far today. In terms of service sector stocks, there are several factors that have the potential to cause declines in the market. One of the most common is news. Here are the most recent trending headlines relating to HQI:

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Oct-01-19 04:05PM HireQuest Announces Rapid Progress on Strategic Initiatives

Nonetheless, when making a decision to invest, investors should focus on much more than news, this is especially the case in the ever incredibly complex service industry. Here’s what’s happing when it comes to HireQuest, Inc..

Returns That HQI Investors Have Seen

While a move toward the top in a single session, like what we’re seeing from HireQuest, Inc. may lead to fear in some investors, that alone should not be the basis of a decision to, or not to, invest in a stock. It’s always a good idea to take a look at trends just a single session. As it relates to HQI, here are the returns that investors have experienced:

  • Past 5 Trading Sessions – Over the past 5 trading sessions, HQI has seen a change in price that amounts to -13.69%.
  • Monthly – The return on investment from HireQuest, Inc. throughout the last 30 days comes to -19.86%.
  • Quarterly – Throughout the last quarter, the stock has produced a ROI that comes to -1.75%
  • Bi-Annually – Throughout the last six months, investors have seen a change that amounts to 0.54% from the stock.
  • YTD – Since the open of this year HQI has produced a return of 40.25%.
  • Annually – Lastly, over the past full year, we’ve seen performance of -6.03% out of HQI. Over this period of time, the stock has traded at a high price of -34.39% and a low price of 63.56%.

Key Ratios

Digging into various ratios associated with a stock generally gives investors a look of just how dangerous and/or potentially profitable a stock pick might be. Here are a few of the important ratios to think about when looking at HQI.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it means that more investors have a belief that the price of the stock is going to tumble. In general, strong service stocks tend to have a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, as it relates to HireQuest, Inc., the stock’s short ratio comes to 1.49.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Essentially, they measure whether or not a company can pay its debts when they come due using quick assets or current assets. come with great current and quick ratios. When it comes to HQI, the quick and current ratios total up to 3.60 and 3.60 respectively.  

Book To Share Value – The book to share value compares the current book value of assets currently owned by the company to the price of shares. In this particular case, the book to share value ratio works out to 4.00.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. In terms of HQI, the cash to share value comes to 0.53.

Big Money And HireQuest, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in HQI, here’s what we’re seeing:

  • Institutions – As it stands now, institutions hold 6.50% of the company. However, it is important to consider that the ownership held by institutions has seen a move in the amount of 2.29% in the last 3 months.
  • Insider Moves – with regard to insiders, those close to the company currently own 64.50% of the company. Insider ownership of the company has changed in the amount of 0 over the last quarter.

What Analysts Think About HireQuest, Inc.

Although it’s rarely a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their analysis when validating your own opinions when it comes to making an investment decision in the service industry. Below are the most recent moves that we have seen from analysts when it comes to HQI.

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What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, HQI has generated revenue in the amount of $0.80% with earnings coming in at -19.00%. On a quarter over quarter basis, earnings have seen movement of -22.20% and revenue has seen movement of 2.50%.

How Many Shares Of HQI Are Available?

Traders tend to be interested in the counts of shares both outstanding and available. When it comes to HireQuest, Inc., currently there are 13.08M with a float of 11.75M. This means that of the total of 13.08M shares of HQI that are out there today, 11.75M are available to trade hands on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to HQI, the short percent of the float is 0.11%.

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