Old Dominion Freight Line, Inc. (NASDAQ: ODFL)’s stock price has increased by 0.29 compared to its previous closing price of 197.86. However, the company has seen a -5.59% decrease in its stock price over the last five trading sessions. fool.com reported 2024-08-02 that Old Dominion topped quarterly earnings expectations despite a continued soft operating environment. It could take a while for the trucking slump to end, but Old Dominion is well positioned to survive and thrive when demand improves.
Is It Worth Investing in Old Dominion Freight Line, Inc. (NASDAQ: ODFL) Right Now?
Old Dominion Freight Line, Inc. (NASDAQ: ODFL) has a higher price-to-earnings ratio of 34.02x compared to its average ratio. ODFL has 36-month beta value of 1.01. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for ODFL is 188.04M, and currently, short sellers hold a 3.38% ratio of that float. The average trading volume of ODFL on August 07, 2024 was 1.87M shares.
ODFL’s Market Performance
ODFL stock saw an increase of -5.59% in the past week, with a monthly gain of 11.22% and a quarterly increase of 7.38%. The volatility ratio for the week is 5.20%, and the volatility levels for the last 30 days are 4.07% for Old Dominion Freight Line, Inc. (ODFL). The simple moving average for the last 20 days is 0.54% for ODFL stock, with a simple moving average of 0.59% for the last 200 days.
Analysts’ Opinion of ODFL
Many brokerage firms have already submitted their reports for ODFL stocks, with Evercore ISI repeating the rating for ODFL by listing it as a “In-line.” The predicted price for ODFL in the upcoming period, according to Evercore ISI is $196 based on the research report published on June 25, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see ODFL reach a price target of $175. The rating they have provided for ODFL stocks is “Underweight” according to the report published on June 07th, 2024.
BMO Capital Markets gave a rating of “Outperform” to ODFL, setting the target price at $210 in the report published on June 05th of the current year.
ODFL Trading at 7.91% from the 50-Day Moving Average
After a stumble in the market that brought ODFL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.89% of loss for the given period.
Volatility was left at 4.07%, however, over the last 30 days, the volatility rate increased by 5.20%, as shares surge +9.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.86% upper at present.
During the last 5 trading sessions, ODFL fell by -5.43%, which changed the moving average for the period of 200-days by +0.27% in comparison to the 20-day moving average, which settled at $198.20. In addition, Old Dominion Freight Line, Inc. saw -2.09% 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 ODFL starting from Stith Thomas A. III, who proposed sale 550 shares at the price of $207.35 back on Jul 30 ’24. After this action, Stith Thomas A. III now owns shares of Old Dominion Freight Line, Inc., valued at $114,042 using the latest closing price.
Stith Thomas A. III, the Director of Old Dominion Freight Line, Inc., sale 550 shares at $205.55 during a trade that took place back on Jul 30 ’24, which means that Stith Thomas A. III is holding 2,929 shares at $113,052 based on the most recent closing price.
Stock Fundamentals for ODFL
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.36 for the gross margin
The net margin for Old Dominion Freight Line, Inc. stands at 0.21. The total capital return value is set at 0.35. Equity return is now at value 32.14, with 24.73 for asset returns.
Based on Old Dominion Freight Line, Inc. (ODFL), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 27.97. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 4903.28.
Currently, EBITDA for the company is 1.97 billion with net debt to EBITDA at -0.01. When we switch over and look at the enterprise to sales, we see a ratio of 7.2. The receivables turnover for the company is 9.88for trailing twelve months and the total asset turnover is 1.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
Conclusion
To put it simply, Old Dominion Freight Line, Inc. (ODFL) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
