Stock Performance Spotlight: Old Dominion Freight Line, Inc. (ODFL) Ends the Day at 183.16, Up by 0.80

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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.


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.

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