As of Friday close, C.H. Robinson Worldwide Inc.’s (NASDAQ:CHRW) stock was up $1.66, moving up 1.78 percent to $94.99. The average number of shares traded per day over the past five days has been 781,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.24 fall in that time frame. In the last twenty days, the average volume was 937,705, while in the previous 50 days, it was 955,092.
Since last month, CHRW stock retreated -3.62%. Shares of the company fell to $92.62 on 08/18/23, the lowest level in the past month. A 52-week high of $121.23 was reached on 02/02/23 after having rallying from a 52-week low of $86.60. Since the beginning of this year, CHRW’s stock price has risen by 3.75% or $3.43, and marked a new high 11 times. However, the stock has declined by -21.64% 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
CHRW stock investors should be aware that C.H. Robinson Worldwide Inc. (CHRW) stock had its last reported insider trading activity 107 days ago on May 04. Short Michael John, the President, Global Forwarding of the company, disposed of 16,155 shares for $104.56 on May 04. It resulted in a $1,689,091 divestment by the insider. Freeman Angela K. sold 2,000 shares at an average price of $104.43 on May 04. The insider now owns 92,373 shares following the transaction. On May 01, Pres. of North America Trans. Pinkerton Mac S sold 7,624 shares at $101.57 apiece. The transaction was valued at $774,350.
Valuation Metrics
Right now, C.H. Robinson Worldwide Inc. (CHRW) has a P/E ratio of about 21.86. The stock’s beta is 0.79. Besides these, the trailing price-to-sales (P/S) ratio of 0.56, the price-to-book (PB) ratio of 8.11, and the price-to-cash flow ratio of 6.34 may also be considered.
The latest dividend of $0.61 per share was paid out, remained unchanged from last year’s $0.61.
Financial Health
In the recent quarter, C.H. Robinson Worldwide Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.66, and the total debt-to-equity ratio was 1.32. On the profitability front, the trailing twelve-month gross margin is 14.90% percent. In the recent year, EBITDA margin amounted to 5.51%, whereas operating margins totaled 3.70%. Based on annual data, CHRW earned $3.59 billion in gross profit and brought in $24.7 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 30.30%. Return on equity (ROE) for the past 12 months was 36.80%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CHRW’s revenue fell -53.75% to $4.61 billion during the quarter, while net income inched up to $4.42 billion. During the quarter, the company generated $158.6 million in EBITDA. The liabilities of C.H. Robinson Worldwide Inc. were 4.02 billion at the end of its most recent quarter, and its total debt was $2.1 billion. The value of shareholders’ equity is $116.43 million.
Technical Picture
This quick technical analysis looks at C.H. Robinson Worldwide Inc.’s (CHRW) price momentum. With a historical volatility rate of 16.57%, the RSI 9-day stood at 42.01% on 18 August.
With respect to its five-day moving average, the current C.H. Robinson Worldwide Inc. price is down by -0.25% percent or -$0.24. At present, CHRW shares trade -3.66% below its 20-day simple moving average and -1.52% percent below its 100-day simple moving average. However, the stock is currently trading approximately +3.36% above its SMA50 and -2.79% below its SMA200.
Stochastic coefficient K was 13.36% and Stochastic coefficient D was 10.94%, while ATR was 1.95. Given the Stochastic reading of 30.35% for the 14-day period, the RSI (14) reading has been calculated as 44.19%. As of today, the MACD Oscillator reading stands at -1.36, while the 14-day reading stands at -2.48.
Analyst Ratings
C.H. Robinson Worldwide Inc. downgraded its rating on C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) to an Underweight in a note to investors on February 17, 2023. The analysts firm previously had a Neutral rating on the stock.C.H. Robinson Worldwide Inc. (CHRW) has been rated Hold by analysts. According to 7 brokerage firms, CHRW is a sell, and 18 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate C.H. Robinson Worldwide Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $92.00, the current consensus forecast for the stock is $62.00 – $120.00. Based on these forecasts, analysts predict C.H. Robinson Worldwide Inc. (CHRW) will achieve an average price target of $93.58.
