Old Dominion Freight Line Inc. (NASDAQ:ODFL) went down by -0.20% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Trucking giant went up by $163.01 to trade ended Thursday trading at $163.34. This is down from the $163.34 price recorded on Wednesday’s trading session. Thanks to this latest performance, ODFL is closer to the higher price 52-week target of $190.00 and further from the lowest price target of $116.00. Its performance from the start of the year has also been positive, with ODFL up by 28.84% year-to-date.
Old Dominion Freight Line Inc. (ODFL) started the day trading at $162.26 and recorded an intraday high of $163.53. It also recorded an intraday low of $161.3 during Thursday’s trading session. Old Dominion Freight Line Inc. is a very active stock that recorded a trading volume that is less than -53.1% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 595125, which is less than -53.1 of the total average daily trading volume of 911.12K.
Old Dominion Freight Line Inc. (NASDAQ:ODFL) 2020 Performance Impressive
The increase in ODFL’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of ODFL currently stands at $171.77, which is higher than the current trading price of the stock by 5.1%. However, ODFL’s current trading price is -74.64% lower than the 52-week low price of $93.34. In terms of trading volume, Old Dominion Freight Line Inc. currently experienced healthy participation during the last trading session. 595125 shares of Old Dominion Freight Line Inc. were traded on the stock exchange on Thursday, which is less than -53.1% of the 911.12K average trading volume of the stock.
The performance of the stock has been positive over the past year. ODFL’s performance over the past one year has seen it surge by 70.38%, while the stock has gone up by 30.07% in the last six months. The quarterly performance of ODFL currently stands at 15.94%, and it is down by -2.27% in the last month. The only negative figure was from the weekly performance, which currently reads -1.01%. At the time of writing ODFL’s report, the company has a total market cap of $18.82B, making it one of the largest publicly-traded companies in the world.Old Dominion Freight Line Inc. also has over 20105 employees all over the world.
ODFL Insider Activities
For Old Dominion Freight Line Inc., insiders hold 76.60% of all company shares. The insider transactions over the past six months are up by 0.30%. During that period, insiders bought 32,817 shares in 19 transactions. In that same period, insiders sold 7,899 of their shares in 29 transactions. After these transactions, insiders at Old Dominion Freight Line Inc. now hold 15.21M shares, which is over 79.55% of the total company stocks. Institutional investors currently hold a large chunk of the ODFL shares, as they control 12.90% of the company’s total stock.
ODFL Fundamental Analysis
For Old Dominion Freight Line Inc., the stock’s diluted earnings per share (EPS) stands at 5.12. In the coming year, analysts expect the EPS to be 5.70. The EPS growth will up over the next five years to 7.33% after surging by 19.80% in the previous five years. In terms of revenue, Old Dominion Freight Line Inc.’s quarterly sales (YOY) is growing at 1.06, which is lower than the average annual revenue of 19.80% over the past half a decade.
The Return on Investment (ROI) on Old Dominion Freight Line Inc.’s stock currently stands at 19.50%, and it has a net profit margin of 15.00%. The operating margin of the company is 20.10%, and its gross margin is 88.80%.
ODFL Analysts Prediction
In April 24, 2020, several analysts reiterated their positions on the Old Dominion Freight Line Inc. stock and predicted its performance to their investors. The analysts at Cowen believe ODFL is still a Market Perform and set the price target between $205 and $138. Stifel reiterate their Hold position on the stock ($153 and $155) and BofA/Merrill reiterate their Neutral position on the stock ($190 and $180).
ODFL received a positive rating from Stifel, which set a price target of $148-$155 for the stock.
ODFL Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of ODFL currently stands at -1.09%, while the SMA50 is 5.61%. The biggest one is the SMA200, which is currently reading 21.98% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 52.76, while its price to earnings ratio (P/E) is 31.83.