Heartland Express Inc. (HTLD) Is A Stock You Should Watch


As of Wednesday close, Heartland Express Inc.’s (NASDAQ:HTLD) stock was up $0.05, moving up 0.30 percent to $16.50. The average number of shares traded per day over the past five days has been 266,780 shares. 5 times new highs have been achieved over the past 5 days, with a $0.41 gain in that time frame. In the last twenty days, the average volume was 335,265, while in the previous 50 days, it was 353,698.

Since last month, HTLD stock rose 12.02%. Shares of the company fell to $13.43 on 11/04/22, the lowest level in the past month. A 52-week high of $17.77 was reached on 01/04/22 after having rallying from a 52-week low of $12.78. Since the beginning of this year, HTLD’s stock price has dropped by -1.90% or -$0.32, and marked a new high 2 times. However, the stock has declined by -7.15% since its 52-week high.

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HTLD stock investors should be aware that Heartland Express Inc. (HTLD) stock had its last reported insider trading activity 78 days ago on Sep 07. Sullivan Michael John, the Director of the company, purchased of 2,000 shares for $14.28 on Sep 07. It resulted in a $28,560 investment by the insider.

Valuation Metrics

Right now, Heartland Express Inc. (HTLD) has a P/E ratio of about 9.41. The stock’s beta is 0.56. Besides these, the trailing price-to-sales (P/S) ratio of 1.67, the price-to-book (PB) ratio of 1.55.

The latest dividend of $0.02 per share was paid out, remained unchanged from last year’s $0.02.

Financial Health

In the three months ended June 29, Heartland Express Inc.’s quick ratio stood at 1.70, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.53, and the total debt-to-equity ratio was 0.55. In the year ended June 29, operating margins totaled 24.80%. Based on annual data, HTLD earned $232.32 million in gross profit and brought in $607.28 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.80%. Return on equity (ROE) for the past 12 months was 17.70%.

In Heartland Express Inc.’s quarter-end financial report for June 29, it reported total debt of $447.37 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HTLD’s revenue rose 17.94% to $151.28 million during the quarter, while net income inched up to $187.82 million. While analysts expected Heartland Express Inc. to report $0.33 quarterly earnings, the actual figure was $0.29 per share, beating the consensus estimate by -12.10%. During the quarter, the company generated $69.62 million in EBITDA. The liabilities of Heartland Express Inc. were 860.7 million at the end of its most recent quarter ended June 29, and its total debt was $74.47 million. The value of shareholders’ equity is $78.94 million.

Technical Picture

This quick technical analysis looks at Heartland Express Inc.’s (HTLD) price momentum. With a historical volatility rate of 16.33%, the RSI 9-day stood at 73.21% on 23 November.

With respect to its five-day moving average, the current Heartland Express Inc. price is up by +2.55% percent or $0.41. At present, HTLD shares trade +10.29% above its 20-day simple moving average and +18.62% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.40% above its SMA50 and +14.19% above its SMA200.

Stochastic coefficient K was 96.04% and Stochastic coefficient D was 95.68%, while ATR was 0.54. Given the Stochastic reading of 96.54% for the 14-day period, the RSI (14) reading has been calculated as 67.42%. As of today, the MACD Oscillator reading stands at 0.33, while the 14-day reading stands at 0.96.

Analyst Ratings

UBS upgraded its rating on Heartland Express Inc. (NASDAQ: HTLD) to a Buy in a note to investors on November 11, 2022. The analysts firm previously had a Neutral rating on the stock.Heartland Express Inc. (HTLD) has been rated Hold by analysts. According to 1 brokerage firm, HTLD is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Heartland Express Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $17.00, the current consensus forecast for the stock is $13.00 – $19.00. Based on these forecasts, analysts predict Heartland Express Inc. (HTLD) will achieve an average price target of $16.57.


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