The price-to-earnings ratio for Old Dominion Freight Line, Inc (NASDAQ: ODFL) is 39.17x, which is above its average ratio. Moreover, the 36-month beta value for ODFL is 1.00. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 16 as “hold,” and 2 as “sell.”
The public float for ODFL is 184.46M and currently, short sellers hold a 4.74% of that float. On November 28, 2024, ODFL’s average trading volume was 1.38M shares.
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ODFL) stock’s latest price update
The stock price of Old Dominion Freight Line, Inc (NASDAQ: ODFL) has plunged by -0.82 when compared to previous closing price of 225.97, but the company has seen a 4.56% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-25 that The combination of economic uncertainty, weak demand and cost escalation affect ODFL’s investment prospects.
ODFL’s Market Performance
Old Dominion Freight Line, Inc (ODFL) has experienced a 4.56% rise in stock performance for the past week, with a 11.33% rise in the past month, and a 16.65% rise in the past quarter. The volatility ratio for the week is 2.34%, and the volatility levels for the past 30 days are at 2.60% for ODFL. The simple moving average for the past 20 days is 2.59% for ODFL’s stock, with a 12.74% simple moving average for the past 200 days.
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 8.97% 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 -3.92% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +9.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.91% upper at present.
During the last 5 trading sessions, ODFL rose by +4.56%, which changed the moving average for the period of 200-days by +5.73% in comparison to the 20-day moving average, which settled at $218.46. In addition, Old Dominion Freight Line, Inc saw 10.58% 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 CONGDON EARL E, who proposed sale 7,577 shares at the price of $213.99 back on Nov 19 ’24. After this action, CONGDON EARL E now owns shares of Old Dominion Freight Line, Inc, valued at $1,621,402 using the latest closing price.
SUGGS LEO H, the Director of Old Dominion Freight Line, Inc, sale 3,000 shares at $225.44 during a trade that took place back on Nov 08 ’24, which means that SUGGS LEO H is holding 7,383 shares at $676,320 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 8.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
To wrap up, the performance of Old Dominion Freight Line, Inc (ODFL) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
