Why NASDAQ:HGBL qualifies as a high growth stock.

In this article we will dive into HERITAGE GLOBAL INC (NASDAQ:HGBL) as a possible candidate for growth investing. Investors should always do their own research, but we noticed HERITAGE GLOBAL INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Looking into the canslim metrics of HERITAGE GLOBAL INC

• In the most recent financial report, HERITAGE GLOBAL INC reported a 300.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• HERITAGE GLOBAL INC has demonstrated strong q2q revenue growth of 77.54%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• Over the past 3 years, HERITAGE GLOBAL INC has demonstrated 47.55% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• The Return on Equity(ROE) of HERITAGE GLOBAL INC is 34.5%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• The Relative Strength (RS) of HERITAGE GLOBAL INC has been consistently solid, with a current 95.13 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. HERITAGE GLOBAL INC exhibits strong prospects for further price appreciation.
• Maintaining a Debt-to-Equity ratio of 0.01, HERITAGE GLOBAL INC demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• With 23.47% of the total shares held by institutional investors, HERITAGE GLOBAL INC showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

What is the technical picture of NASDAQ:HGBL telling us.

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Taking everything into account, HGBL scores 3 out of 10 in our technical rating. Although HGBL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

• Looking at the yearly performance, HGBL did better than 95% of all other stocks. On top of that, HGBL also shows a nice and consistent pattern of rising prices.
• HGBL is one of the better performing stocks in the Capital Markets industry, it outperforms 99% of 206 stocks in the same industry.
• The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
• HGBL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HGBL is lagging the market slightly.

For an up to date full technical analysis you can check the technical report of HGBL

Fundamental analysis of NASDAQ:HGBL

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

Overall HGBL gets a fundamental rating of 6 out of 10. We evaluated HGBL against 206 industry peers in the Capital Markets industry. While HGBL has a great profitability rating, there are some minor concerns on its financial health. HGBL is growing strongly while it also seems undervalued. This is an interesting combination With these ratings, HGBL could be worth investigating further for value and growth investing!.

Our latest full fundamental report of HGBL contains the most current fundamental analsysis.

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.