The stock of Yellow Corporation (NASDAQ:YELL) decreased by -$0.31 on Monday to finish at $1.55, down -16.67 percent. The last five days have seen an average of 13,812,619 shares of common stock traded. 14 times new highs were reached in the current year, with a fall of -$0.9600. The average number of shares traded over the last 20 days was 36,435,219, while the average volume over the last 50 days totaled 16,047,560.
YELL stock appreciated 47.62% since last month. On 07/27/23, the company’s shares reached a one-month low of $0.4320. The stock touched a high of $7.91 on 08/01/23, after rallying from a low of $0.43 in 52 weeks. The price of YELL stock has declined by -38.25% or -$0.9600 this year, reaching a new high 14 times. Still, the stock price is down -80.40% from the 52-week high.
Insider Transactions
YELL stock investors should be aware that Yellow Corporation (YELL) stock had its last reported insider trading activity 15 days ago on Jul 31. On Jul 31, 10% Owner MFN Partners, LP acquired 9,295,852 shares at $1.29 each. This transaction resulted in the insider spending $11,991,649. On Jul 28, MFN Partners, LP added 3,022,488 shares at a price of US$0.65. After the transaction, the insider now owns 12,771,943 shares. 10% Owner MFN Partners, LP had earlier bought 3,793,862 shares on Jul 27 for $0.57 a share. The transaction was completed for $2,162,501.
Financial Health
For the three months ended June 29, Yellow Corporation’s quick ratio was 1.30, while its current ratio was 1.30, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 12.10% percent. Yellow Corporation’s EBITDA margin for the year ended June 29 was 5.78%, whereas its operating margin stood at 3.80% for the same period. Based on annual data, it had gross profit of $3.42 billion and revenue of $5.24 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. YELL’s return on assets (ROA) during the last 12 months has been 0.90%. There was a 16.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -5.90%.
Earnings Surprise
According to Yellow Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.16 billion, while revenues fell by -8.79% to $1.2 billion. It was predicted that Yellow Corporation’s quarterly earnings would be -$0.28, but it ended up being -$0.45, beating the consensus by 37.80%. EBITDA was $51.5 million for the quarter. At the end of Yellow Corporation’s most recent quarter ended June 29, its liabilities totaled 2.59 billion, while its total debt was $1.61 billion. Equity owned by shareholders amounts to $51.98 million.
Technical Picture
Here’s a quick look at Yellow Corporation’s (YELL) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 44.02%, suggesting the stock is Neutral, with a 749.45% historical volatility rate.
The stochastic %K and %D were 29.66% and 33.35% respectively, while the average true range (ATR) was 0.8559. Based on the 14-day stochastic reading of 24.47%, the RSI (14) reading is 47.28%. On the 9-day MACD Oscillator, the stock is at -0.7756, and the 14-day reading is at -0.4288.
Analyst Ratings
Analysts have assigned Yellow Corporation (YELL) an Hold rating. YELL is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
