Old Dominion Freight Line, Inc. (NASDAQ: ODFL) has a price-to-earnings ratio that is above its average at 31.27x. The stock has a 36-month beta value of 0.99. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for ODFL is 185.46M, and at present, short sellers hold a 3.11% of that float. On September 05, 2024, the average trading volume of ODFL was 1.61M shares.
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ODFL) stock’s latest price update
Old Dominion Freight Line, Inc. (NASDAQ: ODFL) has experienced a decline in its stock price by -6.77 compared to its previous closing price of 195.64. However, the company has seen a fall of -6.08% in its stock price over the last five trading days. zacks.com reported 2024-09-05 that ODFL’s revenue per day fell 5.2% year over year in August 2024, owing to a 6.1% decrease in LTL tons per day.
ODFL’s Market Performance
Old Dominion Freight Line, Inc. (ODFL) has experienced a -6.08% fall in stock performance for the past week, with a -7.82% drop in the past month, and a 3.81% rise in the past quarter. The volatility ratio for the week is 2.50%, and the volatility levels for the past 30 days are at 2.66% for ODFL. The simple moving average for the last 20 days is -7.09% for ODFL’s stock, with a simple moving average of -7.66% 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 -5.60% 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 -19.93% of loss for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares sank -4.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.68% upper at present.
During the last 5 trading sessions, ODFL fell by -4.85%, which changed the moving average for the period of 200-days by -7.09% in comparison to the 20-day moving average, which settled at $195.90. In addition, Old Dominion Freight Line, Inc. saw -10.00% 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 CONGDON DAVID S, who sale 10,000 shares at the price of $195.17 back on Aug 29 ’24. After this action, CONGDON DAVID S now owns 1,391,621 shares of Old Dominion Freight Line, Inc., valued at $1,951,700 using the latest closing price.
CONGDON DAVID S, the Executive Chairman of Old Dominion Freight Line, Inc., sale 10,025 shares at $190.19 during a trade that took place back on Aug 30 ’24, which means that CONGDON DAVID S is holding 1,381,596 shares at $1,906,655 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 6.5. 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 sum up, Old Dominion Freight Line, Inc. (ODFL) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
