In the past week, ODFL stock has gone down by -1.99%, with a monthly gain of 11.98% and a quarterly surge of 14.44%. The volatility ratio for the week is 2.60%, and the volatility levels for the last 30 days are 2.75% for Old Dominion Freight Line, Inc. The simple moving average for the past 20 days is 8.48% for ODFL’s stock, with a 13.77% simple moving average for the past 200 days.
Is It Worth Investing in Old Dominion Freight Line, Inc (NASDAQ: ODFL) Right Now?
Old Dominion Freight Line, Inc (NASDAQ: ODFL) has a price-to-earnings ratio that is above its average at 39.43x. The stock has a 36-month beta value of 1.00. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for ODFL is 184.44M, and at present, short sellers hold a 5.14% of that float. On November 14, 2024, the average trading volume of ODFL was 1.34M shares.
ODFL) stock’s latest price update
Old Dominion Freight Line, Inc (NASDAQ: ODFL)’s stock price has gone decline by -0.32 in comparison to its previous close of 226.32, however, the company has experienced a -1.99% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-11-11 that The recent U.S. election has significant implications for portfolios, emphasizing the importance of politics in investment research. Market reactions to Trump’s election suggest a bet on higher growth, but potential downsides like tariffs and immigration policies must be considered. Many of Trump’s plans face legal challenges, making it essential to focus on stocks that benefit from his presidency without being overly dependent on him.
Analysts’ Opinion of ODFL
Stifel, on the other hand, stated in their research note that they expect to see ODFL reach a price target of $197, previously predicting the price at $209. The rating they have provided for ODFL stocks is “Hold” according to the report published on October 21st, 2024.
BMO Capital Markets gave a rating of “Market Perform” to ODFL, setting the target price at $210 in the report published on October 18th of the current year.
ODFL Trading at 12.82% 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 -3.28% of loss for the given period.
Volatility was left at 2.75%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares surge +10.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.31% upper at present.
During the last 5 trading sessions, ODFL fell by -1.99%, which changed the moving average for the period of 200-days by +13.98% in comparison to the 20-day moving average, which settled at $207.96. In addition, Old Dominion Freight Line, Inc saw 11.32% 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 ODFL starting from SUGGS LEO H, who sale 3,000 shares at the price of $225.44 back on Nov 08 ’24. After this action, SUGGS LEO H now owns 7,383 shares of Old Dominion Freight Line, Inc, valued at $676,320 using the latest closing price.
CONGDON DAVID S, the Executive Chairman of Old Dominion Freight Line, Inc, sale 60,000 shares at $226.30 during a trade that took place back on Nov 06 ’24, which means that CONGDON DAVID S is holding 1,321,596 shares at $13,578,000 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
- 0.39 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 0.33. Equity return is now at value 30.24, with 23.23 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 28.26. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 5996.28.
Currently, EBITDA for the company is 1.97 billion with net debt to EBITDA at -0.02. When we switch over and look at the enterprise to sales, we see a ratio of 8.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
To sum up, Old Dominion Freight Line, Inc (ODFL) 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.
