Construction Partners Inc. (NASDAQ:ROAD) went down by -1.35% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Engineering & Construction giant went up by $17.52 to trade ended Wednesday trading at $17.76. This is down from the $17.76 price recorded on Tuesday’s trading session. Thanks to this latest performance, ROAD is closer to the higher price 52-week target of $20.00 and further from the lowest price target of $16.00. Its performance from the start of the year has also been positive, with ROAD up by 3.85% year-to-date.
Construction Partners Inc. (ROAD) started the day trading at $17.76 and recorded an intraday high of $17.8. It also recorded an intraday low of $17.08 during Wednesday’s trading session. Construction Partners Inc. is a very active stock that recorded a trading volume that is more than 1.8% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 293867, which is more than 1.8 of the total average daily trading volume of 288.59K.
Construction Partners Inc. (NASDAQ:ROAD) 2020 Performance Impressive
The increase in ROAD’s stock price on Wednesday 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 ROAD currently stands at $20.92, which is higher than the current trading price of the stock by 16.25%. However, ROAD’s current trading price is -46.49% lower than the 52-week low price of $11.96. In terms of trading volume, Construction Partners Inc. currently experienced healthy participation during the last trading session. 293867 shares of Construction Partners Inc. were traded on the stock exchange on Wednesday, which is more than 1.8% of the 288.59K average trading volume of the stock.
The performance of the stock has been positive over the past year. ROAD’s performance over the past one year has seen it surge by 17.19%, while the stock has gone up by 3.85% in the last six months. The quarterly performance of ROAD currently stands at 2.58%, and it is down by -6.16% in the last month. The only positive figure was from the weekly performance, which currently reads 2.58%. At the time of writing ROAD’s report, the company has a total market cap of $930.14M, making it one of the largest publicly-traded companies in the world.Construction Partners Inc. also has over 628 employees all over the world.
ROAD Insider Activities
The insider transactions over the past six months are down by -88.20%.For Construction Partners Inc. insiders bought 100,215 shares in 2 transactions. In that same period, insiders sold 158,159 of their shares in 6 transactions. After these transactions, insiders at Construction Partners Inc. now hold 894.79k shares, which is over 108.61% of the total company stocks. Institutional investors currently hold a large chunk of the ROAD shares, as they control 1.73% of the company’s total stock.
ROAD Fundamental Analysis
For Construction Partners Inc., the stock’s diluted earnings per share (EPS) stands at 0.79. In the coming year, analysts expect the EPS to be 0.77.
The Return on Investment (ROI) on Construction Partners Inc.’s stock currently stands at 11.00%, and it has a net profit margin of 5.00%. The operating margin of the company is 6.90%, and its gross margin is 15.10%.
ROAD Analysts Prediction
The DA Davidson has a Neutral rating for Construction Partners Inc., predicting the stock price to stay between $20 and $18. Another analyst that has a Outperform rating for ROAD is Imperial Capital, which set a price target of between $18.50 and $20. Imperial Capital reiterate their Outperform position on the stock ($17.25 and $18.50) and Imperial Capital reiterate their Outperform position on the stock ($15.50 and $17.25).
Analysts at Imperial Capital believe that ROAD is Outperform, and they have a price target of between $14 and $15.50.
At the moment, Construction Partners Inc.’s Total Debt to Equity ratio stands at 0.19, and they have a long-term Debt to Equity ratio of 0.16.
ROAD Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of ROAD currently stands at -2.23%, while the SMA50 is 2.09%. The biggest one is the SMA200, which is currently reading 3.12% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 49.39, while its price to earnings ratio (P/E) is 22.12.