Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares, rose in value on Thursday, April 25, with the stock price down by -0.57% to the previous day’s close as strong demand from buyers drove the stock to $193.95.
Actively observing the price movement in the recent trading, the stock is buoying the session at $195.06. The PE ratio was 34.13 over 12-month period. Referring to stock’s 52-week performance, its high was $227.80, and the low was $147.90. On the whole, ODFL has fluctuated by -10.48% over the past month.
The company’s Forward Dividend Ratio is 1.72, with its dividend yield at 0.89%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.33B, with a low estimate of 1.48B and a high estimate of 1.64B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.56B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ODFL’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.22, with the price of ODFL currently trading nearly -10.42% and -10.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.98, while the 7-day volatility ratio is showing 5.42% which for the 30-day chart, stands at 3.43%. Furthermore, Old Dominion Freight Line, Inc. (ODFL)’s beta value is 1.05, and its average true range (ATR) is 8.02.
A comparison of Old Dominion Freight Line, Inc. (ODFL) with its peers suggests the former has fared considerably weaker in the market. ODFL showed an intraday change of -0.57% in today’s session so far, and over the past year, it grew by 14.30%%.
Data on historical trading for Old Dominion Freight Line, Inc. (NASDAQ:ODFL) indicates that the trading volumes over the past 3 months, they’ve averaged 1.40 million. According to company’s latest data on outstanding shares, there are 217.93 million shares outstanding.
Nearly 13.86% of Old Dominion Freight Line, Inc.’s shares belong to company insiders and institutional investors own 74.22% of the company’s shares. The stock has fallen by -4.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ODFL stock heading into the next quarter.
