Old Dominion Freight Line, Inc (NASDAQ: ODFL) has a price-to-earnings ratio of 33.47x that is above its average ratio. Additionally, the 36-month beta value for ODFL is 1.04. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 16 rating it as “hold,” and 2 rating it as “sell.”
The public float for ODFL is 184.37M and currently, short sellers hold a 4.35% ratio of that float. The average trading volume of ODFL on December 19, 2024 was 1.42M shares.
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ODFL) stock’s latest price update
Old Dominion Freight Line, Inc (NASDAQ: ODFL)’s stock price has dropped by -0.14 in relation to previous closing price of 191.77. Nevertheless, the company has seen a loss of -5.68% in its stock price over the last five trading days. marketbeat.com reported 2024-12-13 that When end-of-year liquidations and profit taking take place, investors sit on newly minted cash waiting to be put to work again. Out of all the investment trends in the market and all the stocks that could outperform, which ones could pose the best opportunity from now into 2025?
ODFL’s Market Performance
Old Dominion Freight Line, Inc (ODFL) has experienced a -5.68% fall in stock performance for the past week, with a -9.58% drop in the past month, and a -1.27% drop in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 2.29% for ODFL. The simple moving average for the past 20 days is -8.77% for ODFL’s stock, with a -3.23% 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 -8.27% 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 -17.90% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares sank -10.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.51% lower at present.
During the last 5 trading sessions, ODFL fell by -5.68%, which changed the moving average for the period of 200-days by -12.04% in comparison to the 20-day moving average, which settled at $209.91. In addition, Old Dominion Freight Line, Inc saw -5.51% 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 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
- 0.35 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 -0.01. When we switch over and look at the enterprise to sales, we see a ratio of 6.91. The receivables turnover for the company is 10.27for trailing twelve months and the total asset turnover is 1.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
In conclusion, Old Dominion Freight Line, Inc (ODFL) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
