The stock of Proficient Auto Logistics Inc. (PAL) has gone down by -22.81% for the week, with a -38.20% drop in the past month and a -42.56% drop in the past quarter. The volatility ratio for the week is 5.56%, and the volatility levels for the past 30 days are 5.23% for PAL. The simple moving average for the past 20 days is -25.34% for PAL’s stock, with a -36.04% simple moving average for the past 200 days.
Is It Worth Investing in Proficient Auto Logistics Inc. (NASDAQ: PAL) Right Now?
Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PAL is 20.90M, and currently, short sellers hold a 2.41% ratio of that floaft. The average trading volume of PAL on October 17, 2024 was 232.57K shares.
PAL) stock’s latest price update
Proficient Auto Logistics Inc. (NASDAQ: PAL) has experienced a decline in its stock price by -23.53 compared to its previous closing price of 13.94. However, the company has seen a fall of -22.81% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-16 that After the close of Wednesday’s session, recent IPO Proficient Auto Logistics released very weak preliminary Q3 results. At the midpoint of the preliminary range, revenues will be down by approximately 14% on a sequential basis, despite the benefit from the recent acquisition of Auto Transport Group. With profitability projected to be a far cry from Q2/2024 numbers, I would expect analysts to reduce price targets across the board over the next couple of sessions.
Analysts’ Opinion of PAL
Many brokerage firms have already submitted their reports for PAL stocks, with Barrington Research repeating the rating for PAL by listing it as a “Outperform.” The predicted price for PAL in the upcoming period, according to Barrington Research is $22 based on the research report published on July 17, 2024 of the current year 2024.
Stifel gave a rating of “Buy” to PAL, setting the target price at $19 in the report published on June 03rd of the current year.
PAL Trading at -36.51% from the 50-Day Moving Average
After a stumble in the market that brought PAL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.26% of loss for the given period.
Volatility was left at 5.23%, however, over the last 30 days, the volatility rate increased by 5.56%, as shares sank -38.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.52% lower at present.
During the last 5 trading sessions, PAL fell by -22.55%, in comparison to the 20-day moving average, which settled at $14.28. In addition, Proficient Auto Logistics Inc. saw -27.73% 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 PAL starting from Gattoni James B, who purchase 20,000 shares at the price of $18.98 back on Aug 20 ’24. After this action, Gattoni James B now owns 20,000 shares of Proficient Auto Logistics Inc., valued at $379,600 using the latest closing price.
Schraudenbach John, the Director of Proficient Auto Logistics Inc., purchase 10,000 shares at $15.00 during a trade that took place back on May 13 ’24, which means that Schraudenbach John is holding 10,000 shares at $150,000 based on the most recent closing price.
Stock Fundamentals for PAL
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.49 for the gross margin
The net margin for Proficient Auto Logistics Inc. stands at 0.04. The total capital return value is set at 0.02.
Based on Proficient Auto Logistics Inc. (PAL), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is 6.18.
Currently, EBITDA for the company is -0.57 million with net debt to EBITDA at 3.59. When we switch over and look at the enterprise to sales, we see a ratio of 1.88. The receivables turnover for the company is 4.18for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
In a nutshell, Proficient Auto Logistics Inc. (PAL) has experienced a bad performance in recent times. The stock has received mixed “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.
