Rush Enterprises Inc (NASDAQ: RUSHA) has experienced a rise in its stock price by 6.32 compared to its previous closing price of 54.87. However, the company has seen a gain of 10.41% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-30 that Rush Enterprises, Inc. (NASDAQ:RUSHA ) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Rusty Rush – Chairman of the Board, Chief Executive Officer & President Steve Keller – Chief Financial Officer Conference Call Participants Andrew Obin – Bank of America Daniel Imbro – Stephens Ian Zaffino – Oppenheimer Avi Jaroslawicz – UBS Operator Ladies and gentlemen, thank you for standing by. Welcome to Rush Enterprises Inc. Reports Third Quarter 2024 Earnings Results.
Is It Worth Investing in Rush Enterprises Inc (NASDAQ: RUSHA) Right Now?
Rush Enterprises Inc (NASDAQ: RUSHA) has a higher price-to-earnings ratio of 15.46x compared to its average ratio. RUSHA has 36-month beta value of 1.00. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for RUSHA is 61.25M, and currently, short sellers hold a 5.64% ratio of that float. The average trading volume of RUSHA on October 31, 2024 was 336.25K shares.
RUSHA’s Market Performance
The stock of Rush Enterprises Inc (RUSHA) has seen a 10.41% increase in the past week, with a 12.41% rise in the past month, and a 6.36% gain in the past quarter. The volatility ratio for the week is 3.53%, and the volatility levels for the past 30 days are at 2.54% for RUSHA. The simple moving average for the past 20 days is 11.53% for RUSHA’s stock, with a 21.01% simple moving average for the past 200 days.
Analysts’ Opinion of RUSHA
Stifel gave a rating of “Buy” to RUSHA, setting the target price at $50 in the report published on April 25th of the previous year.
RUSHA Trading at 12.71% from the 50-Day Moving Average
After a stumble in the market that brought RUSHA to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 3.00% of gains for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 3.53%, as shares surge +15.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.06% upper at present.
During the last 5 trading sessions, RUSHA rose by +10.41%, which changed the moving average for the period of 200-days by +33.72% in comparison to the 20-day moving average, which settled at $52.31. In addition, Rush Enterprises Inc saw 15.98% 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 RUSHA starting from RUSH WILLIAM M RUSTY, who sale 40,000 shares at the price of $53.81 back on Aug 23 ’24. After this action, RUSH WILLIAM M RUSTY now owns 174,154 shares of Rush Enterprises Inc, valued at $2,152,288 using the latest closing price.
RUSH WILLIAM M RUSTY, the Officer of Rush Enterprises Inc, proposed sale 40,000 shares at $53.81 during a trade that took place back on Aug 23 ’24, which means that RUSH WILLIAM M RUSTY is holding shares at $2,152,289 based on the most recent closing price.
Stock Fundamentals for RUSHA
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.19 for the gross margin
The net margin for Rush Enterprises Inc stands at 0.04. The total capital return value is set at 0.17. Equity return is now at value 15.44, with 6.94 for asset returns.
Based on Rush Enterprises Inc (RUSHA), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 7.1.
Currently, EBITDA for the company is 732.68 million with net debt to EBITDA at 2.95. When we switch over and look at the enterprise to sales, we see a ratio of 0.78. The receivables turnover for the company is 27.0for trailing twelve months and the total asset turnover is 1.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
To put it simply, Rush Enterprises Inc (RUSHA) has had a better 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.
