As of Friday close, Saia Inc.’s (NASDAQ:SAIA) stock was up $1.47, moving up 0.36 percent to $405.19. The average number of shares traded per day over the past five days has been 384,500 shares. 3 times new highs have been achieved over the past 5 days, with a -$19.27 fall in that time frame. In the last twenty days, the average volume was 455,400, while in the previous 50 days, it was 546,552.
Since last month, SAIA stock retreated -1.19%. Shares of the company fell to $378.55 on 07/24/23, the lowest level in the past month. A 52-week high of $443.85 was reached on 08/16/23 after having rallying from a 52-week low of $176.70. Since the beginning of this year, SAIA’s stock price has risen by 93.24% or $195.51, and marked a new high 37 times. However, the stock has declined by -8.71% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
SAIA stock investors should be aware that Saia Inc. (SAIA) stock had its last reported insider trading activity 12 days ago on Aug 07. RAMU RAYMOND R, the Exec. VP & Chief Customer Off. of the company, disposed of 2,040 shares for $421.75 on Aug 07. It resulted in a $860,374 divestment by the insider. SUGAR PATRICK D sold 2,771 shares at an average price of $426.59 on Aug 02. The insider now owns 7,277 shares following the transaction. On Aug 01, President & CEO HOLZGREFE FREDERICK J III sold 6,996 shares at $425.79 apiece. The transaction was valued at $2,978,828.
Valuation Metrics
Right now, Saia Inc. (SAIA) has a P/E ratio of about 32.19. The stock’s beta is 1.57. Besides these, the trailing price-to-sales (P/S) ratio of 3.91, the price-to-book (PB) ratio of 6.18, and the price-to-cash flow ratio of 90.52 may also be considered.
Financial Health
In the three months ended June 30, Saia Inc.’s quick ratio stood at 2.20, while its current ratio was 2.20, 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 30 was 0.01, and the total debt-to-equity ratio was 0.01. On the profitability front, the trailing twelve-month gross margin is 70.50% percent. In the year ended June 30, EBITDA margin amounted to 22.48%, whereas operating margins totaled 16.10%. Based on annual data, SAIA earned $1.92 billion in gross profit and brought in $2.79 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 22.30%. Return on equity (ROE) for the past 12 months was 20.70%.
In Saia Inc.’s quarter-end financial report for June 30, it reported total debt of $9.68 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SAIA’s revenue fell -7.33% to $660.54 million during the quarter, while net income inched up to $694.62 million. While analysts expected Saia Inc. to report $3.27 quarterly earnings, the actual figure was $3.42 per share, beating the consensus estimate by 4.60%. During the quarter, the company generated $164.91 million in EBITDA. The liabilities of Saia Inc. were 590.89 million at the end of its most recent quarter ended June 30, and its total debt was $135.26 million. The value of shareholders’ equity is $26.54 million.
Technical Picture
This quick technical analysis looks at Saia Inc.’s (SAIA) price momentum. With a historical volatility rate of 25.66%, the RSI 9-day stood at 41.03% on 18 August.
With respect to its five-day moving average, the current Saia Inc. price is down by -4.54% percent or -$19.27. At present, SAIA shares trade +0.61% above its 20-day simple moving average and +46.91% percent above its 100-day simple moving average. However, the stock is currently trading approximately +34.03% above its SMA50 and +103.76% above its SMA200.
Stochastic coefficient K was 21.62% and Stochastic coefficient D was 33.64%, while ATR was 15.28. Given the Stochastic reading of 24.14% for the 14-day period, the RSI (14) reading has been calculated as 51.39%. As of today, the MACD Oscillator reading stands at -8.35, while the 14-day reading stands at -11.00.
Analyst Ratings
Barclays launched its rating on Saia Inc. (NASDAQ: SAIA) to an Overweight in a note to investors on July 17, 2023. Saia Inc. (SAIA) has been rated Overweight by analysts. According to 2 brokerage firms, SAIA is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Saia Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $460.00, the current consensus forecast for the stock is $250.00 – $600.00. Based on these forecasts, analysts predict Saia Inc. (SAIA) will achieve an average price target of $445.65.
