As of Friday close, Old Dominion Freight Line Inc.’s (NASDAQ:ODFL) stock was down -$0.68, moving down -0.17 percent to $393.49. The average number of shares traded per day over the past five days has been 693,360 shares. 2 times new highs have been achieved over the past 5 days, with a -$17.29 fall in that time frame. In the last twenty days, the average volume was 783,420, while in the previous 50 days, it was 886,460.
Since last month, ODFL stock retreated -1.22%. Shares of the company fell to $376.54 on 07/24/23, the lowest level in the past month. A 52-week high of $429.24 was reached on 07/31/23 after having rallying from a 52-week low of $240.00. Since the beginning of this year, ODFL’s stock price has risen by 38.66% or $109.71, and marked a new high 17 times. However, the stock has declined by -8.33% since its 52-week high.
ODFL stock investors should be aware that Old Dominion Freight Line Inc. (ODFL) stock had its last reported insider trading activity 8 days ago on Aug 11. Stith Thomas A. III, the Director of the company, disposed of 225 shares for $411.66 on Aug 11. It resulted in a $92,624 divestment by the insider. Hartsell Steven W. sold 403 shares at an average price of $405.33 on Aug 10. The insider now owns 491 shares following the transaction. On Feb 27, SVP – Operations Bates David J. sold 1,208 shares at $344.71 apiece. The transaction was valued at $416,410.
Valuation Metrics
Right now, Old Dominion Freight Line Inc. (ODFL) has a P/E ratio of about 34.20. The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 7.14, the price-to-book (PB) ratio of 11.25, and the price-to-cash flow ratio of 65.65 may also be considered.
The latest dividend of $0.40 per share was paid out, remained unchanged from last year’s $0.40.
Financial Health
In the three months ended June 29, Old Dominion Freight Line Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, 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 0.02, and the total debt-to-equity ratio was 0.02. On the profitability front, the trailing twelve-month gross margin is 86.80% percent. In the year ended June 29, EBITDA margin amounted to 34.32%, whereas operating margins totaled 28.60%. Based on annual data, ODFL earned $6.1 billion in gross profit and brought in $6.26 billion 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 36.70%. Return on equity (ROE) for the past 12 months was 34.60%.
In Old Dominion Freight Line Inc.’s quarter-end financial report for June 29, it reported total debt of $59.97 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ODFL’s revenue fell -17.99% to $1.44 billion during the quarter, while net income inched up to $1.41 billion. While analysts expected Old Dominion Freight Line Inc. to report $2.65 quarterly earnings, the actual figure was $2.65 per share. During the quarter, the company generated $471.38 million in EBITDA. The liabilities of Old Dominion Freight Line Inc. were 1.15 billion at the end of its most recent quarter ended June 29, and its total debt was $79.97 million. The value of shareholders’ equity is $109.27 million.
Technical Picture
This quick technical analysis looks at Old Dominion Freight Line Inc.’s (ODFL) price momentum. With a historical volatility rate of 22.95%, the RSI 9-day stood at 39.18% on 18 August.
With respect to its five-day moving average, the current Old Dominion Freight Line Inc. price is down by -4.21% percent or -$17.29. At present, ODFL shares trade -0.25% below its 20-day simple moving average and +17.64% percent above its 100-day simple moving average. However, the stock is currently trading approximately +24.48% above its SMA50 and +43.30% above its SMA200.
Stochastic coefficient K was 14.01% and Stochastic coefficient D was 24.45%, while ATR was 12.28. Given the Stochastic reading of 14.52% for the 14-day period, the RSI (14) reading has been calculated as 47.36%. As of today, the MACD Oscillator reading stands at -7.04, while the 14-day reading stands at -8.77.
Analyst Ratings
Barclays launched its rating on Old Dominion Freight Line Inc. (NASDAQ: ODFL) to an Equal weight in a note to investors on July 17, 2023. Old Dominion Freight Line Inc. (ODFL) has been rated Hold by analysts. According to 4 brokerage firms, ODFL is a sell, and 11 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 1 analyst rate Old Dominion Freight Line Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $410.50, the current consensus forecast for the stock is $320.00 – $475.00. Based on these forecasts, analysts predict Old Dominion Freight Line Inc. (ODFL) will achieve an average price target of $412.15.
