Moreover, the 36-month beta value for HTLD is 0.66. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 3 as “sell.”
The public float for HTLD is 45.92M and currently, short sellers hold a 3.25% of that float. On May 02, 2024, HTLD’s average trading volume was 368.85K shares.
HTLD) stock’s latest price update
The stock of Heartland Express, Inc. (NASDAQ: HTLD) has increased by 4.63 when compared to last closing price of 9.94.Despite this, the company has seen a gain of 0.68% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-23 that Although the revenue and EPS for Heartland Express (HTLD) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
HTLD’s Market Performance
Heartland Express, Inc. (HTLD) has seen a 0.68% rise in stock performance for the week, with a -5.97% decline in the past month and a -19.69% plunge in the past quarter. The volatility ratio for the week is 4.78%, and the volatility levels for the past 30 days are at 3.46% for HTLD. The simple moving average for the past 20 days is -1.42% for HTLD’s stock, with a -23.17% simple moving average for the past 200 days.
Analysts’ Opinion of HTLD
Many brokerage firms have already submitted their reports for HTLD stocks, with UBS repeating the rating for HTLD by listing it as a “Buy.” The predicted price for HTLD in the upcoming period, according to UBS is $18 based on the research report published on November 11, 2022 of the previous year 2022.
Morgan Stanley, on the other hand, stated in their research note that they expect to see HTLD reach a price target of $16. The rating they have provided for HTLD stocks is “Equal-Weight” according to the report published on March 15th, 2022.
JP Morgan gave a rating of “Neutral” to HTLD, setting the target price at $16 in the report published on February 18th of the previous year.
HTLD Trading at -9.29% from the 50-Day Moving Average
After a stumble in the market that brought HTLD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.11% of loss for the given period.
Volatility was left at 3.46%, however, over the last 30 days, the volatility rate increased by 4.78%, as shares sank -7.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.60% lower at present.
During the last 5 trading sessions, HTLD rose by +0.68%, which changed the moving average for the period of 200-days by -31.44% in comparison to the 20-day moving average, which settled at $10.51. In addition, Heartland Express, Inc. saw -27.07% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HTLD starting from GERDIN MICHAEL J, who purchase 93,496 shares at the price of $9.92 back on Apr 30 ’24. After this action, GERDIN MICHAEL J now owns 182,405 shares of Heartland Express, Inc., valued at $927,536 using the latest closing price.
Ann S. Gerdin Revocable Trust, the Co-Trustee of 10% Owner of Heartland Express, Inc., purchase 93,496 shares at $9.86 during a trade that took place back on Apr 30 ’24, which means that Ann S. Gerdin Revocable Trust is holding 770,704 shares at $922,020 based on the most recent closing price.
Stock Fundamentals for HTLD
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.06 for the gross margin
The net margin for Heartland Express, Inc. stands at -0.01. The total capital return value is set at -0.02. Equity return is now at value -1.51, with -0.84 for asset returns.
Based on Heartland Express, Inc. (HTLD), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is -0.85.
Currently, EBITDA for the company is 200.34 million with net debt to EBITDA at 3.66. When we switch over and look at the enterprise to sales, we see a ratio of 0.94. The receivables turnover for the company is 10.14for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
To wrap up, the performance of Heartland Express, Inc. (HTLD) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
