The stock of Construction Partners Inc (NASDAQ: ROAD) has increased by 13.39 when compared to last closing price of 74.70.Despite this, the company has seen a gain of 13.71% in its stock price over the last five trading days. prnewswire.com reported 2024-10-21 that DOTHAN, Ala., Oct. 21, 2024 /PRNewswire/ — Construction Partners, Inc. (NASDAQ: ROAD) (“CPI” or the “Company”), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced preliminary financial results for fiscal year 2024 and introduced fiscal year 2025 outlook ranges.
Is It Worth Investing in Construction Partners Inc (NASDAQ: ROAD) Right Now?
Construction Partners Inc (NASDAQ: ROAD) has a price-to-earnings ratio that is above its average at 63.07x. The stock has a 36-month beta value of 0.67. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ROAD is 42.35M, and at present, short sellers hold a 4.44% of that float. On October 22, 2024, the average trading volume of ROAD was 355.36K shares.
ROAD’s Market Performance
The stock of Construction Partners Inc (ROAD) has seen a 13.71% increase in the past week, with a 16.78% rise in the past month, and a 33.60% gain in the past quarter. The volatility ratio for the week is 5.15%, and the volatility levels for the past 30 days are at 3.44% for ROAD. The simple moving average for the past 20 days is 17.86% for ROAD’s stock, with a 50.23% simple moving average for the past 200 days.
Analysts’ Opinion of ROAD
Many brokerage firms have already submitted their reports for ROAD stocks, with Sidoti repeating the rating for ROAD by listing it as a “Neutral.” The predicted price for ROAD in the upcoming period, according to Sidoti is $59 based on the research report published on March 28, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see ROAD reach a price target of $50, previously predicting the price at $46. The rating they have provided for ROAD stocks is “Neutral” according to the report published on February 12th, 2024.
Raymond James gave a rating of “Strong Buy” to ROAD, setting the target price at $35 in the report published on August 19th of the previous year.
ROAD Trading at 26.43% from the 50-Day Moving Average
After a stumble in the market that brought ROAD to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 10.37% of gains for the given period.
Volatility was left at 3.44%, however, over the last 30 days, the volatility rate increased by 5.15%, as shares surge +18.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +42.74% upper at present.
During the last 5 trading sessions, ROAD rose by +13.71%, which changed the moving average for the period of 200-days by +109.50% in comparison to the 20-day moving average, which settled at $71.86. In addition, Construction Partners Inc saw 94.62% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ROAD starting from Matteson Mark R, who sale 94,592 shares at the price of $63.40 back on Aug 23 ’24. After this action, Matteson Mark R now owns 8,000 shares of Construction Partners Inc, valued at $5,997,125 using the latest closing price.
Matteson Mark R, the Director of Construction Partners Inc, sale 25,408 shares at $61.97 during a trade that took place back on Aug 22 ’24, which means that Matteson Mark R is holding 102,592 shares at $1,574,534 based on the most recent closing price.
Stock Fundamentals for ROAD
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.14 for the gross margin
The net margin for Construction Partners Inc stands at 0.04. The total capital return value is set at 0.1. Equity return is now at value 13.64, with 5.39 for asset returns.
Based on Construction Partners Inc (ROAD), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 6.6.
Currently, EBITDA for the company is 149.41 million with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 2.8. The receivables turnover for the company is 4.72for trailing twelve months and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
To sum up, Construction Partners Inc (ROAD) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
