Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate HireRight Holdings Corp before investing.

In this article, we go over a few key elements for understanding HireRight Holdings Corp’s stock price such as:

• HireRight Holdings Corp’s current stock price and volume
• Why HireRight Holdings Corp’s stock price changed recently
• Upgrades and downgrades for HRT from analysts
• HRT’s stock price momentum as measured by its relative strength

About HireRight Holdings Corp (HRT)

Before we jump into HireRight Holdings Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

HireRight Holdings Corporation is a provider of technology-driven workforce risk management and compliance solutions. The Company provides comprehensive background screening, verification, identification, monitoring, and drug and health screening services for approximately 38,000 customers across the globe. It offers its services via a unified global software and data platform that integrates into its customers human capital management (HCM) systems, enabling workflows for workforce hiring, onboarding, and monitoring. It provides various types of services, such as criminal record checks, verification services, driving background services, drug and health screening services, identity services, due diligence background services, credit records background services, compliance services and business, as well as it specializes in collecting and processing biometric and biographical data. It serves various industries, including transportation, healthcare, financial services and education.

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HireRight Holdings Corp’s Stock Price as of Market Close

As of December 06, 2023, 4:00 PM, CST, HireRight Holdings Corp’s stock price was $12.73.

HireRight Holdings Corp is down 4.14% from its previous closing price of $13.28.

During the last market session, HireRight Holdings Corp’s stock traded between $13.11 and $13.48. Currently, there are 69.09 million shares of HireRight Holdings Corp stock available for purchase.

HireRight Holdings Corp’s price-earnings (P/E) ratio is currently at 132.6, which is high compared to the Business Support Services industry median of 24.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

HireRight Holdings Corp Stock Price History

HireRight Holdings Corp’s (HRT) price is currently down 3.19% so far this month.

During the month of December, HireRight Holdings Corp’s stock price has reached a high of $13.52 and a low of $12.57.

Over the last year, HireRight Holdings Corp has hit prices as high as $13.52 and as low as $8.50. Year to date, HireRight Holdings Corp’s stock is down 20.44%.

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What Caused HireRight Holdings Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of December 05, 2023, there were 5 analysts who downgraded HireRight Holdings Corp’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate HireRight Holdings Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on HireRight Holdings Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

HireRight Holdings Corp’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about HireRight Holdings Corp (HRT) by visiting AAII Stock Evaluator.

Relative Price Strength of HireRight Holdings Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of December 05, 2023, HireRight Holdings Corp has a weighted four-quarter relative price strength of 9.31%, which translates to a Momentum Score of 87 and is considered to be Very Strong.

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HireRight Holdings Corp Stock Price: Bottom Line

As of December 6, 2023, HireRight Holdings Corp’s stock price is $12.73, which is down 4.14% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like HireRight Holdings Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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