In the past week, ODFL stock has gone down by -2.25%, with a monthly decline of -2.41% and a quarterly surge of 4.46%. The volatility ratio for the week is 2.12%, and the volatility levels for the last 30 days are 2.70% for Old Dominion Freight Line, Inc. The simple moving average for the past 20 days is -1.57% for ODFL’s stock, with a -3.26% simple moving average for the past 200 days.
Is It Worth Investing in Old Dominion Freight Line, Inc. (NASDAQ: ODFL) Right Now?
The price-to-earnings ratio for Old Dominion Freight Line, Inc. (NASDAQ: ODFL) is above average at 32.73x. The 36-month beta value for ODFL is also noteworthy at 0.99. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 rating it as “hold,” and 1 rating it as “sell.”
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The public float for ODFL is 185.07M, and at present, short sellers hold a 3.28% of that float. The average trading volume of ODFL on October 04, 2024 was 1.49M shares.
ODFL) stock’s latest price update
Old Dominion Freight Line, Inc. (NASDAQ: ODFL) has seen a decline in its stock price by -1.33 in relation to its previous close of 193.50. However, the company has experienced a -2.25% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-03 that The SPDR S&P 500 ETF Trust posted a gain of 2.10% in September as it continues marching on in 2024. The Top 15 dividend growth stocks for October 2024 offer an average dividend yield of 1.05% and appear to be about 20% undervalued based on dividend yield theory.
Analysts’ Opinion of ODFL
Many brokerage firms have already submitted their reports for ODFL stocks, with TD Cowen repeating the rating for ODFL by listing it as a “Hold.” The predicted price for ODFL in the upcoming period, according to TD Cowen is $209 based on the research report published on September 06, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see ODFL reach a price target of $196, previously predicting the price at $225. The rating they have provided for ODFL stocks is “In-line” according to the report published on June 25th, 2024.
Wells Fargo gave a rating of “Underweight” to ODFL, setting the target price at $175 in the report published on June 07th of the current year.
ODFL Trading at -2.75% 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 -16.19% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares surge +2.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.90% lower at present.
During the last 5 trading sessions, ODFL fell by -2.25%, which changed the moving average for the period of 200-days by -2.85% in comparison to the 20-day moving average, which settled at $194.21. In addition, Old Dominion Freight Line, Inc. saw -5.79% 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 4880.9.
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 6.85. 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
In summary, Old Dominion Freight Line, Inc. (ODFL) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
