Million

Yield

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>HOG stock price is showing a bearish market trend since last week.</a> </li> 
 <li> <span>2</span> <a>After reporting Q2 2023 report, Harley-Davidson’s stock price mostly showed increased bears dominance.</a> </li> 
</ul> 
<p>Late last month, Harley-Davidson Inc. (HOG) reported Q2 2023 results, which then showed increased activity of bears. Due to a bearish market trend, HOG stock price dropped from its 50-day moving average.</p> 
<p>Moreover, when the company reported its Q2 2023 results, the 1-day volume of HOG stock reached over 5 Million while surpassing its 200-day moving average with bears dominance. The bearish trend pulled HOG share price to the downside with a falling RSI.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/3l91-REc8AlaoRH_uYqpYBUW-r-hjZ5qBdpPq5EdB_HBg50q4cjIMBm9EiUxFgYWLSVYRAlbn4llodXS8A4Zc56Rd2EwJ8hMgEq2Hyry8x64RbtEmnr_IltivAWKuUAaEVV-FBxg7AUClnhRmqqxSXM" alt="Will HOG Stock Price Reach $35.00 in the Upcoming Week?" style="width: 100%;height:260px" width="1045" height="260"> 
  <figcaption class="wp-element-caption"> <strong>Source: TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>In the motor vehicle industry stocks, Proterra Inc. (NASDAQ: PTRA) and Ideanomics Inc. (NASDAQ: IDEX) stock prices showed the most weekly price drop of over 91% and 38% respectively. Nikola Corp. (NASDAQ: NKLA) and Hyzon Motors Inc. (NASDAQ: HYZN) stock further showed a bearish trend in the recent week.</p> 
<h2 class="wp-block-heading" id="strong-hog-stock-price-analysis-strong"><strong>HOG Stock Price Analysis</strong></h2> 
<p>At the beginning of this week, HOG stock price began its journey with a trading price of $37.29. As the active <a href="https://www.thecoinrepublic.com/2023/08/05/intc-stock-price-bears-dominante-after-q2-2023-report-release/" rel="noopener noreferrer nofollow">bears </a>increased their dominance during the trading session, HOG stock price now reached its recent closing price of $35.35 on August 9, 2023, with a 0.51% price drop. HOG share price also showed over a 6% price drop in the weekly price analysis. However, in a month, the stock price rose 2.23%.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/8ZeaXZ47EC32QIypp3nkALpUSjlzCH58wHaPlPTOZgenA09QzgTA_3TNMFHiR1VmxlAR3Ke5kvitOED04_1LI4Pmf-ir2rowMUw95VbcLraPrtIwQ3xfYR6K0_5gjQXDDvbB1LPdf-wOECO7R3g-0y8" alt="Will HOG Stock Price Reach $35.00 in the Upcoming Week?"> 
  <figcaption class="wp-element-caption"> <strong>Source: HOG/USD by </strong><a href="https://www.tradingview.com/x/97gsxaNL/" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>After Q2 2023 results, HOG stock price traveled down which further took its RSI downside, nearing its oversold zone. If the <a href="https://www.thecoinrepublic.com/2023/08/08/nvidia-nvda-stock-following-amd-stock-in-1d-volume-activity/" rel="noopener noreferrer nofollow">stock price</a> continues its bearish trend in the upcoming week, then the stock may reach $35.00. With this trading price, HOG’s share price will show its progress toward its 52-week low.</p> 
<h3 class="wp-block-heading" id="strong-recent-quarter-report-of-harley-davidson-strong"><strong>Recent Quarter Report of Harley-Davidson</strong></h3> 
<p>Harley-Davidson Inc. (NYSE: HOG), an American motorcycle manufacturer, has a market cap of nearly $5.08 Billion. On July 27, 2023, the company reported Q2 2023 results, stating its net income to be $178.04 Million. HOG dividends are paid quarterly while the last dividend per share was $0.17 and as of August 10th 2023, the Dividend Yield (TTM)% is 1.82%.</p> 
<p>HOG earnings per share (EPS) for Q2 2023 is $1.22 whereas the estimation was $1.24 which accounts for a negative 1.70% surprise. The revenue for the same period amounts to $1.20 Billion despite the estimated figure of $1.32 Billion. The estimated EPS for the next quarter is $1.36, and revenue is expected to reach $1.37 Billion.</p> 
<p>In the previous year, the revenue of Harley-Davidson Inc. reached $4.89 Billion. Out of this amount, $4.89 Billion came from its highest-performing source at the moment, Harley-Davidson Motor Company.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Will HOG Stock Price Reach $35.00 in the Upcoming Week?

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