80wk Downtrend — falling+below (sma 1.69 vs px 1.24)
200wk Downtrend — falling+below (sma 2.22 vs px 1.24)
Funds Distributing — momZ +2.01 · 0.47→0.39
Seasonal Headwind — july med -3% (mag 1/3) · posClose 36.36% (rel 1/3) · n33 ×1 = 7
Earnings Headwind — ER in 26.246d · w1 med -3.2% (mag 1/3) · winRate 31.7% (rel 2/3) · n101
RS Breakdown — momZ +0.28 · low 8w×1.00 · vs industry
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
$1.25
Market Cap
$43.1M
Float
25.8M
Shares Outstanding
34.7M
P/E (Forward)
18.02
P/E (TTM)
13.78
Price/Sales (TTM)
0.86
vs. Analyst Target
+166.0% to analyst PT
Profit Margin
6.45%
Operating Margin (TTM)
3.97%
Revenue (TTM)
$50.2M
Earnings Growth (YoY)
-33.30%
Dividend Rate
None
Analyst Target Price
$3.33 (3 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
Jun 2025
$14.3M
$1.6M
Sep 2025
$11.4M
$585,000
Dec 2025
$11.9M
$301,000
Mar 2026
$12.7M
$717,000
Ownership & Float
Insider Ownership
12.2%
Institutional Ownership
40.2%
Short Float
0.2%
% of All Funds Holding
0.39%
Number of Funds Holding
32
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
$1.24
Near-term / short-term trend
Weekly
40-Week SMA
$1.32
Medium-term trend
Weekly
80-Week SMA
$1.69
Cyclical trend (business cycle)
Weekly
200-Week SMA
$2.22
Secular trend (multi-year)
Monthly
10-Month SMA
$1.31
Near-term monthly trend
Monthly
20-Month SMA
$1.68
Medium-term monthly trend
Monthly
40-Month SMA
$2.18
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
$1.40
resistance
1.34x
7 months ago
$1.60
resistance
1.79x
8 months ago
$1.90
resistance
1.39x
9 months ago
$2.40
resistance
1.42x
22 months ago
Historical Earnings Reactions (101 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
-0.51%
0.00%
23.76%
150.00%
-55.56%
1 Day
0.59%
0.00%
31.68%
150.00%
-35.53%
1 Week
-0.67%
-3.23%
31.68%
112.50%
-59.46%
2 Weeks
1.02%
-4.35%
32.67%
337.50%
-62.50%
1 Month
7.46%
-5.26%
32.00%
1087.50%
-72.97%
Next earnings: August 6, 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
-8.0%
36.4%
33
Aug
9.8%
54.5%
33
Sep
-5.3%
27.3%
33
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%
1575
Tuesday
0.35%
27.5%
1720
Wednesday
0.00%
27.7%
1719
Thursday
1.14%
31.3%
1686
Friday
1.05%
30.6%
1677
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 40.2%
Insider Transactions — Smart Summary
Total insider ownership: 12.2%
Founder-led management: Ross Dove (President, CEO & Director), Kirk Dove (President of Industrial Assets Division)
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