Seasonal Headwind — october med -5% (mag 2/3) · posClose 24.24% (rel 3/3) · n33 ×1 = 12.8
Earnings Headwind — ER in 27.155d · w1 med -3.1% (mag 1/3) · winRate 32.4% (rel 2/3) · n102
About Heritage Global Inc
Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions in the United States. It operates through three segments: Auction and Liquidation, Refurbishment and Resale, Brokerage, and Specialty Lending. The company offers a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services. Read full Trend Edge analysis →
Sector: Financial Services
Industry: Capital Markets
Exchange: NASDAQ
IPO Date: March 23, 1993
Headquarters: 6130 Nancy Ridge Drive, San Diego, CA, United States, 92121
Hidden Gem: Yes — undiscovered relative to its market cap tier
Founder-Led: Yes — Ross Dove (President, CEO & Director), Kirk Dove (President of Industrial Assets Division)
Key Metrics
Current Price
$1.29
Market Cap
$43.6M
Float
25.5M
Shares Outstanding
34.6M
P/E (Forward)
18.02
Price/Sales (TTM)
0.91
vs. Analyst Target
+103.5% to analyst PT
Profit Margin
-29.63%
Operating Margin (TTM)
-22.32%
Revenue (TTM)
$48.2M
Earnings Growth (YoY)
-33.30%
Dividend Rate
None
Analyst Target Price
$2.63 (4 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$26.2M
$9.7M
$10.3M
$6.4M
2021
$25.8M
$3.1M
$11.0M
$3.5M
2022
$46.9M
$15.5M
$10.4M
$11.7M
2023
$60.5M
$12.5M
$21.4M
$14.8M
2024
$45.4M
$5.2M
$14.2M
$10.3M
2025
$51.0M
$3.6M
$13.8M
$6.8M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Sep 2025
$11.4M
$585,000
Dec 2025
$11.9M
$301,000
Mar 2026
$12.7M
$717,000
Jun 2026
$12.3M
-$15.9M
Ownership & Float
Insider Ownership
12.4%
Institutional Ownership
37.1%
Short Float
0.2%
% of All Funds Holding
0.41%
Number of Funds Holding
36
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$1.26
Near-term / short-term trend
Weekly
40-Week SMA
$1.28
Medium-term trend
Weekly
80-Week SMA
$1.55
Cyclical trend (business cycle)
Weekly
200-Week SMA
$2.17
Secular trend (multi-year)
Monthly
10-Month SMA
$1.29
Near-term monthly trend
Monthly
20-Month SMA
$1.56
Medium-term monthly trend
Monthly
40-Month SMA
$2.02
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$1.20
support
2.26x
1 months ago
$1.40
resistance
1.34x
10 months ago
$1.60
resistance
1.79x
11 months ago
$1.90
resistance
1.39x
12 months ago
$2.40
resistance
1.42x
25 months ago
Historical Earnings Reactions (102 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
-0.62%
0.00%
22.55%
150.00%
-55.56%
1 Day
0.62%
0.00%
33.33%
150.00%
-35.53%
1 Week
-0.57%
-3.09%
32.35%
112.50%
-59.46%
2 Weeks
1.11%
-4.10%
33.33%
337.50%
-62.50%
1 Month
7.39%
-5.26%
31.68%
1087.50%
-72.97%
Next earnings: November 5, 2026 (26 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
27.6%
60.6%
33
Feb
19.3%
39.4%
33
Mar
2.4%
36.4%
33
Apr
3.5%
41.2%
34
May
-0.9%
41.2%
34
Jun
15.8%
47.1%
34
Jul
-7.9%
35.3%
34
Aug
9.8%
55.9%
34
Sep
-5.1%
29.4%
34
Oct
-10.1%
24.2%
33
Nov
1.9%
33.3%
33
Dec
-3.0%
30.3%
33
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
0.49%
29.4%
1587
Tuesday
0.35%
27.7%
1733
Wednesday
0.01%
27.9%
1732
Thursday
1.13%
31.3%
1699
Friday
1.05%
30.8%
1690
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 37.1%
Insider Transactions — Smart Summary
Total insider ownership: 12.4%
Founder-led management: Ross Dove (President, CEO & Director), Kirk Dove (President of Industrial Assets Division)
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