Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Covenant Logistics Group Inc (NYSE: CVLG) closed at $17.73 down -6.73% from its previous closing price of $19.01. In other words, the price has decreased by -$6.73 from its previous closing price. On the day, 0.53 million shares were traded. CVLG stock price reached its highest trading level at $18.855 during the session, while it also had its lowest trading level at $17.46.
Ratios:
For a deeper understanding of Covenant Logistics Group Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.51.
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 the company, TD Cowen on January 25, 2024, Upgraded its rating to Outperform and sets its target price to $66 from $51 previously.
On January 23, 2024, Vertical Research started tracking the stock assigning a Buy rating and target price of $70.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 28 ’25 when Long Matisse sold 2,114 shares for $28.95 per share. The transaction valued at 61,211 led to the insider holds 15,434 shares of the business.
HOGAN JOEY B sold 8,700 shares of CVLG for $529,204 on Nov 12 ’24. The Director now owns 82,238 shares after completing the transaction at $60.83 per share. On Nov 11 ’24, another insider, MOLINE BRADLEY A, who serves as the Director of the company, sold 7,000 shares for $59.64 each. As a result, the insider received 417,509 and left with 46,992 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, CVLG now has a Market Capitalization of 504828064 and an Enterprise Value of 732008640. As of this moment, Covenant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.70, and their Forward P/E ratio for the next fiscal year is 7.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 0.647 whereas that against EBITDA is 4.899.
Stock Price History:
The Beta on a monthly basis for CVLG is 1.55, which has changed by -0.18388951 over the last 52 weeks, in comparison to a change of 0.05279863 over the same period for the S&P500. Over the past 52 weeks, CVLG has reached a high of $30.77, while it has fallen to a 52-week low of $17.98. The 50-Day Moving Average of the stock is -24.53%, while the 200-Day Moving Average is calculated to be -31.83%.
Shares Statistics:
For the past three months, CVLG has traded an average of 101.27K shares per day and 194430 over the past ten days. A total of 21.77M shares are outstanding, with a floating share count of 15.78M. Insiders hold about 40.57% of the company’s shares, while institutions hold 54.73% stake in the company. Shares short for CVLG as of 1743379200 were 155658 with a Short Ratio of 1.54, compared to 1740700800 on 103600. Therefore, it implies a Short% of Shares Outstanding of 155658 and a Short% of Float of 1.0699999999999998.
Dividends & Splits
According to the company, the forward annual dividend rate for CVLG is 0.40, from 0.22 in the trailing year. Against a Trailing Annual Dividend Yield of 0.011572856The current Payout Ratio is 16.97% for CVLG, which recently paid a dividend on 2025-03-07 with an ex-dividend date of 1741305600. Stock splits for the company last occurred on 2025-01-02 when the company split stock in a 2:1 ratio.
