Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
As of close of business last night, Old Dominion Freight Line, Inc.’s stock clocked out at $183.16, up 0.80% from its previous closing price of $181.70. In other words, the price has increased by $0.80 from its previous closing price. On the day, 1.64 million shares were traded. ODFL stock price reached its highest trading level at $187.365 during the session, while it also had its lowest trading level at $181.92.
Ratios:
To gain a deeper understanding of ODFL’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 68.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.61. For the most recent quarter (mrq), Quick Ratio is recorded 2.29 and its Current Ratio is at 2.29. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
On April 29, 2024, Vertical Research Upgraded its rating to Hold which previously was Sell but kept the price unchanged to $175.
TD Cowen reiterated its Hold rating for the stock on April 26, 2024, while the target price for the stock was revised from $209 to $206.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 27 ’24 when Kasarda John D. sold 7,972 shares for $442.15 per share. The transaction valued at 3,524,857 led to the insider holds 6,770 shares of the business.
CONGDON DAVID S sold 34,000 shares of ODFL for $14,993,133 on Feb 23 ’24. The Executive Chairman now owns 732,712 shares after completing the transaction at $440.97 per share. On Nov 10 ’23, another insider, CONGDON DAVID S, who serves as the Executive Chairman of the company, sold 24,100 shares for $390.59 each. As a result, the insider received 9,413,208 and left with 766,754 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, ODFL now has a Market Capitalization of 39797919744 and an Enterprise Value of 38979706880. As of this moment, Old’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.25, and their Forward P/E ratio for the next fiscal year is 25.52. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.78 while its Price-to-Book (P/B) ratio in mrq is 9.05. Its current Enterprise Value per Revenue stands at 6.625 whereas that against EBITDA is 19.716.
Stock Price History:
Over the past 52 weeks, ODFL has reached a high of $227.80, while it has fallen to a 52-week low of $147.90. The 50-Day Moving Average of the stock is -12.93%, while the 200-Day Moving Average is calculated to be -10.32%.
Shares Statistics:
It appears that ODFL traded 1.45M shares on average per day over the past three months and 2066130 shares per day over the past ten days. A total of 217.93M shares are outstanding, with a floating share count of 188.42M. Insiders hold about 13.44% of the company’s shares, while institutions hold 73.89% stake in the company. Shares short for ODFL as of 1713139200 were 4117834 with a Short Ratio of 2.84, compared to 1710460800 on 4193126. Therefore, it implies a Short% of Shares Outstanding of 4117834 and a Short% of Float of 3.15.
Dividends & Splits
With its trailing 12-month dividend rate of 0.86, ODFL has a forward annual dividend rate of 1.72. Against a Trailing Annual Dividend Yield of 0.004733077The stock’s 5-year Average Dividend Yield is 0.34.
