ArcBest Corporation (NASDAQ:ARCB) finished Friday with an addition of $0.44 to close at $88.41, an upside of 0.50 percent. An average of 347,300 shares of common stock have been traded in the last five days. There was a gain of $2.95 in the past week, and it reached a new high 44 times over the past 12 months. The last 20 days have seen an average of 374,505 shares traded, while the 50-day average volume stands at 304,832.
ARCB stock has increased by 16.13% in the last month. The company shares reached their 1-month lowest point of $74.50 on 09/29/21. With the stock rallying to its 52-week high on 05/10/21, shares of the company touched a low of $29.02 and a high of $93.96 in 52 weeks. It has reached a new high 28 times so far this year and achieved 107.19% or $45.74 in price. In spite of this, the price is down -5.91% from the 52-week high.
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144 days have passed since ArcBest Corporation (ARCB) last reported insider trading activity. Loe Daniel E, who is Pres, Asl Log, Chf Yld Off, most recently acquired $8,696 shares at $80.92 per share on Jun 01. In this transaction, the insider spent $703,690. Director, GORMAN STEPHEN E, disposed of 7,500 shares at a price of $80.02 on May 27. The insider now owns more than $600,121 worth of shares. Prior to that, VP – Gen Counsel & Corp Sec Johns Michael R went on to Sale 6,000 shares at $78.56 each on May 27. An amount of $471,374 was transacted.
ArcBest Corporation (ARCB) has a trailing price-to-earnings (P/E) ratio of 17.23, which compares with the 18.35 for the broader industry and 29.83 for the sector. In the last five years, ArcBest Corporation’s PE ratio has ranged between 46.50 and 7.940. The stock’s beta is 1.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.65, the price-to-book (PB) ratio at 2.52, and the price-to-cash flow ratio at 10.55.
ArcBest Corporation pays a $0.32 dividend per share annually. It offers a dividend yield of 0.36%. The company has a payout ratio of 5.90%. The company’s most recent quarterly dividend payment took place on Aug. 25, and it was $0.08 a share, without any change from last year. Its dividend has been increased for the last 1 year with the latest increase dividend $0.02 reported on Friday October 23 2015.
The quick ratio of ArcBest Corporation for the three months ended June 29 was 1.50, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.19 and a total debt to equity ratio of 0.26 for the quarter ending June 29. ArcBest Corporation’s EBITDA margin for the year ending June 29 is 7.26%, while its operating margin for the same period stands at 5.20%. Its gross profit as reported stood at $98.28 million compared to revenue of $2.94 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ArcBest Corporation’s return on assets was 7.70%. For the broader industry, ROE averaged 13.58 over the past year.
For the three-month period that ended June 29, ArcBest Corporation had $59.97 million in cash and short-term investments compared to $171.08 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $60.98 million in the quarter, while revenues of $23.36 million were grew 73.96%. The analyst consensus anticipated ArcBest Corporation’s latest quarter earnings to come in at $1.62 per share, but it turned out to be $1.97, a 21.60% surprise. For the quarter, EBITDA amounted to $104.58 million. Shareholders own equity worth $25.56 million.
From a technical analysis perspective, let’s take a brief look at ArcBest Corporation (ARCB) price momentum. RSI 9-day as of the close on 22 October was 66.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 38.44%.
As of today, ARCB’s price is $86.49 +3.45% or $2.95 from its 5-day moving average. ARCB is currently trading +15.63% higher than its 20-day SMA and +12.88% higher than its 100-day SMA. However, the stock’s current price level is +26.48% above the SMA50 and +84.03% above the SMA200.
The stochastic %K and %D were 59.92% and 55.17%, respectively, and the average true range (ATR) was 3.30. With the 14-day stochastic at 69.30% and the average true range at 3.28, the RSI (14) stands at 65.59%. The stock has reached 1.66 on the 9-day MACD Oscillator while the 14-day reading was at 0.67.
The consensus rating for ArcBest Corporation (ARCB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ARCB, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.
What is ARCB’s price target for the next 12 months?
Analysts predict a range of price targets between $76.00 and $120.00, with a median target of $100.00. Taking a look at these predictions, the average price target given by analysts for ArcBest Corporation (ARCB) stock is $100.89.