Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Marten Transport, Ltd (NASDAQ: MRTN) closed the day trading at $15.36 down -2.10% from the previous closing price of $15.69. In other words, the price has decreased by -$2.10 from its previous closing price. On the day, 0.62 million shares were traded. MRTN stock price reached its highest trading level at $15.66 during the session, while it also had its lowest trading level at $15.24.
Ratios:
For a better understanding of MRTN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 1.48. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On July 09, 2024, Vertical Research Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $22 to $19.
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 Oct 30 ’24 when BAUER JERRY M bought 10,000 shares for $15.81 per share. The transaction valued at 158,051 led to the insider holds 156,444 shares of the business.
Phillips Adam Daniel sold 4,500 shares of MRTN for $82,535 on Jul 25 ’24. The EVP & Chief Operating Officer now owns 7,448 shares after completing the transaction at $18.34 per share. On Jun 12 ’24, another insider, Petit Douglas Paul, who serves as the President of the company, sold 4,500 shares for $18.22 each. As a result, the insider received 81,999 and left with 31,600 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, MRTN now has a Market Capitalization of 1251285504 and an Enterprise Value of 1255993600. As of this moment, Marten’s Price-to-Earnings (P/E) ratio for their current fiscal year is 46.48, and their Forward P/E ratio for the next fiscal year is 22.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 1.254 whereas that against EBITDA is 8.07.
Stock Price History:
The Beta on a monthly basis for MRTN is 0.83, which has changed by -0.1941238 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, MRTN has reached a high of $20.24, while it has fallen to a 52-week low of $14.96. The 50-Day Moving Average of the stock is -6.22%, while the 200-Day Moving Average is calculated to be -10.13%.
Shares Statistics:
Over the past 3-months, MRTN traded about 385.31K shares per day on average, while over the past 10 days, MRTN traded about 434960 shares per day. A total of 81.46M shares are outstanding, with a floating share count of 57.55M. Insiders hold about 29.34% of the company’s shares, while institutions hold 70.08% stake in the company. Shares short for MRTN as of 1735603200 were 723668 with a Short Ratio of 1.89, compared to 1732838400 on 738246. Therefore, it implies a Short% of Shares Outstanding of 723668 and a Short% of Float of 1.35.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.03. The current Payout Ratio is 72.73% for MRTN, which recently paid a dividend on 2024-12-13 with an ex-dividend date of 1734048000. Stock splits for the company last occurred on 2020-08-14 when the company split stock in a 3:2 ratio.
