Last Updated: 19 Sep 2024
Executive Summary
Holley Inc. (HLLY) is a leading designer, manufacturer, and marketer of automotive aftermarket products. The company has a strong financial position with a market capitalization of $395.26 million, EBITDA of $101.77 million, and EPS of $0.18. Holley Inc.'s stock is currently trading at $3.3, below its 52-week high of $5.23. The company's fundamentals are solid, and its technical analysis suggests that the stock is undervalued.
Company Overview
Holley Inc. was founded in 1903 and is headquartered in Bowling Green, Kentucky. The company designs, manufactures, and markets a wide range of automotive aftermarket products, including carburetors, fuel injection systems, intake manifolds, and exhaust systems. Holley Inc. sells its products through a network of distributors and retailers in the United States, Canada, Europe, and China.
Fundamental Analysis
Holley Inc.'s financial performance has been strong in recent years. The company's revenue has grown at a CAGR of 10.5% over the past five years. In 2023, Holley Inc. reported revenue of $640.37 million, up 10.5% from the previous year. The company's net income has also grown in recent years, reaching $18.33 million in 2023. Holley Inc.'s financial performance is expected to continue to be strong in the coming years. The company is benefiting from the growing demand for automotive aftermarket products, and its new product launches are expected to drive future growth.
Technical Analysis
Holley Inc.'s stock price has been trading in a range between $2.94 and $5.23 over the past 52 weeks. The stock is currently trading at $3.3, near the bottom of its range. The stock's technical indicators are mixed. The RSI is below 50, indicating that the stock is oversold. However, the MACD is above zero, indicating that the stock is in a bullish trend.
Short Term Outlook
Holley Inc.'s stock is expected to continue to trade in a range in the short term. The stock is oversold, but the MACD is above zero, indicating that the stock is in a bullish trend. The stock is likely to trade between $3.00 and $3.50 in the short term.
Long Term Outlook
Holley Inc.'s stock is expected to perform well in the long term. The company has a strong financial position, and its new product launches are expected to drive future growth. The stock is currently trading at a discount to its fair value, and it is expected to appreciate in value over the long term.
Analyst Recommendations
Analysts are bullish on Holley Inc. stock. The average analyst rating is "Buy," and the average analyst target price is $6.41. Analysts believe that Holley Inc. is a well-positioned company with a strong financial position and a bright future.
