Hireright Holdings Stock Intrinsic Value – HireRight Holdings Soars as Potential Takeover Offer Looms
November 22, 2023
🌧️Trending News
HIRERIGHT ($NYSE:HRT): HireRight Holdings has seen an impressive surge in stock price over the past few days, as potential investors may be looking to submit a takeover offer. HireRight Holdings is a leading provider of global background checks, drug and health screenings, and employment eligibility verifications. The recent surge in stock price may be due to the potential takeover offer investors are considering. Such an offer could provide a major boost to HireRight Holdings, allowing them to expand their services even further. If the offer is accepted, it would be one of the biggest investments the company has seen in years, and could have a major impact on their financial performance.
For now, investors will have to wait and see if the potential offer goes through. In the meantime, HireRight Holdings is continuing to grow as a leader in the background screening industry, and making plans for the future. If a takeover offer is accepted, it could be a major milestone for the company, and an exciting time for its shareholders.
Price History
Monday was an exciting day for investors of HIRERIGHT HOLDINGS, as the stock opened at $11.0 and closed at $13.2, jumping by an impressive 31.8% from the prior closing price of 10.0. This significant uptick came amid speculation of a potential takeover offer looming on the horizon. Investors plainly took this news as a sign of good things to come, prompting a rush of buying activity that pushed the stock higher, giving a boost to those who had invested in the company.
Overall, it appears that HireRight Holdings may be about to experience an exciting period of growth, and investors are certainly hoping that this speculation of a takeover proves to be well-founded. Only time will tell, but for now, there is much cause for optimism, and it remains to be seen what further heights the stock can achieve in the coming days. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hireright Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 731.2 | 8.22 | 1.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hireright Holdings. More…
| Operations | Investing | Financing |
| 87.43 | -38.34 | -93.13 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hireright Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.56k | 1.08k | 6.79 |
Key Ratios Snapshot
Some of the financial key ratios for Hireright Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.6% | 35.2% | 7.9% |
| FCF Margin | ROE | ROA |
| 9.9% | 7.7% | 2.3% |
Analysis – Hireright Holdings Stock Intrinsic Value
GoodWhale has conducted a detailed analysis of HIRERIGHT HOLDINGS‘ fundamentals and come to the conclusion that the fair value of the company’s share is around $13.7. Our proprietary Valuation Line was used to calculate this number. Currently, HIRERIGHT HOLDINGS stock is traded at $13.2 which is slightly undervalued by 3.7%. This provides an opportunity for investors to pick up HIRERIGHT HOLDINGS stock at a discount. We believe that this is a good investment opportunity and would recommend investors consider investing in the company. More…
Peers
In recent years, the competition between HireRight Holdings Corp and its competitors has intensified. While HireRight has remained the dominant player in the industry, its competitors have been rapidly catching up. Institution for a Global Society Corp, Spire Global Inc, and ShiftPixy Inc are all major players in the industry, and each has its own strengths and weaknesses.
– Institution for a Global Society Corp ($TSE:4265)
Institution for a Global Society Corp is a financial services company with a market cap of 2.48B as of 2022. The company has a Return on Equity of 3.15%. The company offers a variety of financial services including banking, lending, and investment services. The company has a strong focus on social responsibility and strives to make a positive impact on the world.
– Spire Global Inc ($NYSE:SPIR)
Founded in 2007, Spire Global is a data and analytics company that provides data services to the maritime, aviation, and weather industries. The company has a market cap of 182.02M as of 2022 and a ROE of 11.75%. Spire Global’s data services help its customers to make better decisions, improve operational efficiency, and reduce risk.
– ShiftPixy Inc ($NASDAQ:PIXY)
Pixy Inc is a publicly traded company with a market capitalization of 173.79M as of 2022. The company has a return on equity of -26.99%. Pixy Inc is engaged in the development, manufacture and sale of digital imaging products and solutions.
Summary
HireRight Holdings recently experienced a surge in stock price, leading investors to speculate that an offer to take over the company may be on the horizon. The company’s stock price saw a steady increase throughout the day, indicating that the market is optimistic about HireRight’s future. Analysts believe that if an offer to acquire the company is made, it could generate significant returns for shareholders.
With no concrete evidence of any takeover offers, investors are keeping a watchful eye on the stock to see what happens next. It remains to be seen if HireRight will find itself in the midst of a bidding war or if the stock will return to its usual levels.
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