Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
Construction Partners Inc (NASDAQ: ROAD) closed the day trading at $79.55 down -5.81% from the previous closing price of $84.46. In other words, the price has decreased by -$5.81 from its previous closing price. On the day, 0.95 million shares were traded. ROAD stock price reached its highest trading level at $82.92 during the session, while it also had its lowest trading level at $77.8.
Ratios:
For a better understanding of ROAD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 57.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.69. For the most recent quarter (mrq), Quick Ratio is recorded 1.26 and its Current Ratio is at 1.54. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.90.
On February 12, 2024, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform and also upped its target price recommendation from $46 to $50.
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 Dec 20 ’24 when Andrews Todd Keith sold 5,489 shares for $91.84 per share. The transaction valued at 504,110 led to the insider holds 17,394 shares of the business.
Todd K. Andrews bought 5,489 shares of ROAD for $504,088 on Dec 20 ’24. On Dec 16 ’24, another insider, Andrews Todd Keith, who serves as the Chief Accounting Officer of the company, sold 2,511 shares for $95.86 each. As a result, the insider received 240,704 and left with 19,339 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, ROAD now has a Market Capitalization of 4450775040 and an Enterprise Value of 5273280000. As of this moment, Construction’s Price-to-Earnings (P/E) ratio for their current fiscal year is 60.71, and their Forward P/E ratio for the next fiscal year is 31.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.44 while its Price-to-Book (P/B) ratio in mrq is 7.30. Its current Enterprise Value per Revenue stands at 2.995 whereas that against EBITDA is 25.812.
Stock Price History:
The Beta on a monthly basis for ROAD is 0.74, which has changed by 0.8798131 over the last 52 weeks, in comparison to a change of 0.23883796 over the same period for the S&P500. Over the past 52 weeks, ROAD has reached a high of $103.69, while it has fallen to a 52-week low of $42.25. The 50-Day Moving Average of the stock is -14.42%, while the 200-Day Moving Average is calculated to be 13.51%.
Shares Statistics:
Over the past 3-months, ROAD traded about 460.77K shares per day on average, while over the past 10 days, ROAD traded about 718390 shares per day. A total of 55.88M shares are outstanding, with a floating share count of 46.01M. Insiders hold about 17.66% of the company’s shares, while institutions hold 79.94% stake in the company. Shares short for ROAD as of 1730332800 were 1886014 with a Short Ratio of 6.52, compared to 1727654400 on 1879139. Therefore, it implies a Short% of Shares Outstanding of 1886014 and a Short% of Float of 5.1599998000000005.
