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After finishing at $108.45 in the prior trading day, ArcBest Corp (NASDAQ: ARCB) closed at $103.95, down -4.15%. In other words, the price has decreased by -$4.15 from its previous closing price. On the day, 0.58 million shares were traded. ARCB stock price reached its highest trading level at $108.315 during the session, while it also had its lowest trading level at $101.97.
Ratios:
Our goal is to gain a better understanding of ARCB by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.61. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 1.19. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on September 05, 2024, Reiterated its Buy rating but revised its target price to $131 from $136 previously.
On September 04, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $122 to $112.
TD Cowen reiterated its Buy rating for the stock on August 05, 2024, while the target price for the stock was revised from $148 to $136.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 12 ’24 when Abbate Salvatore A bought 1,000 shares for $103.93 per share. The transaction valued at 103,930 led to the insider holds 3,650 shares of the business.
Gattis Erin K sold 2,000 shares of ARCB for $283,164 on Mar 01 ’24. The CHIEF HUMAN RESOURCES OFFICER now owns 32,247 shares after completing the transaction at $141.58 per share. On Nov 15 ’23, another insider, Stipp Janice E, who serves as the Director of the company, sold 3,390 shares for $122.42 each. As a result, the insider received 415,004 and left with 17,710 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARCB now has a Market Capitalization of 2457959936 and an Enterprise Value of 2619407360. As of this moment, ArcBest’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.75, and their Forward P/E ratio for the next fiscal year is 10.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 0.605 whereas that against EBITDA is 7.365.
Stock Price History:
Over the past 52 weeks, ARCB has reached a high of $153.60, while it has fallen to a 52-week low of $86.93. The 50-Day Moving Average of the stock is -4.57%, while the 200-Day Moving Average is calculated to be -13.44%.
Shares Statistics:
The stock has traded on average 259.41K shares per day over the past 3-months and 335700 shares per day over the last 10 days, according to various share statistics. A total of 23.56M shares are outstanding, with a floating share count of 23.19M. Insiders hold about 1.94% of the company’s shares, while institutions hold 103.47% stake in the company. Shares short for ARCB as of 1726185600 were 1774394 with a Short Ratio of 6.84, compared to 1723680000 on 1756220. Therefore, it implies a Short% of Shares Outstanding of 1774394 and a Short% of Float of 10.39.
Dividends & Splits
In the trailing 12 months, ARCB’s forward annual dividend rate was 0.48, compared to 0.48 this year. Against a Trailing Annual Dividend Yield of 0.004426003The stock’s 5-year Average Dividend Yield is 0.64.
