Saia Inc. (NASDAQ:SAIA) shares, rose in value on Friday, April 26, with the stock price down by -20.31% to the previous day’s close as strong demand from buyers drove the stock to $432.74.
Actively observing the price movement in the recent trading, the stock is buoying the session at $543.02. The PE ratio was 32.62 over 12-month period. Referring to stock’s 52-week performance, its high was $628.34, and the low was $244.69. On the whole, SAIA has fluctuated by -25.45% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.28B, with a low estimate of 739.8M and a high estimate of 790M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 770.66M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SAIA’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 1.73, with the price of SAIA currently trading nearly -23.28% and -24.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 25.02, while the 7-day volatility ratio is showing 5.18% which for the 30-day chart, stands at 3.72%. Furthermore, Saia Inc. (SAIA)’s beta value is 1.63, and its average true range (ATR) is 28.25.
A comparison of Saia Inc. (SAIA) with its peers suggests the former has fared considerably weaker in the market. SAIA showed an intraday change of -20.31% in today’s session so far, and over the past year, it grew by 74.45%%.
Data on historical trading for Saia Inc. (NASDAQ:SAIA) indicates that the trading volumes over the past 3 months, they’ve averaged 306.70K. According to company’s latest data on outstanding shares, there are 26.59 million shares outstanding.
Nearly 0.24% of Saia Inc.’s shares belong to company insiders and institutional investors own 106.00% of the company’s shares. The stock has fallen by -1.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SAIA stock heading into the next quarter.
