Is This Stock a Screaming Buy: Horizon Global Corporation (NYSE:HZN)

Equity Research firms currently have a positive stance on shares of Horizon Global Corporation (NYSE:HZN). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $21.50 on a short term basis.

At the time of writing, the stock was trading at $21.39. This represents a change from the opening price of -1.84%. In terms of performance, year to date, the stock is 107.81%. The monthly stock performance comes in at 11.08%. For the quarter, shares are performing at 92.93%. Weekly performance analysis shows the equity at 8.29%.

In taking a look at technical levels, shares are trading 25.18% away from the 50 day simple moving average and 70.40% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -1.02% away from it’s 52- week high and 166.04% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Horizon Global Corporation’s RSI stands at 69.18. In looking at volatility levels, the shares saw weekly volatility of 3.61% and 4.42% over the past month.

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