Daseke Inc. (NASDAQ:DSKE) shares, rose in value on Friday, 05/13/22, with the stock price down by -0.38% to the previous day’s close as strong demand from buyers drove the stock to $7.87.
Actively observing the price movement in the last trading, the stock closed the session at $7.90, falling within a range of $7.85 and $8.245. The value of beta (5-year monthly) was 2.12 whereas the PE ratio was 7.66 over 12-month period. Referring to stock’s 52-week performance, its high was $13.17, and the low was $5.61. On the whole, DSKE has fluctuated by -1.63% over the past month.
With the market capitalization of Daseke Inc. currently standing at about $505.25 million, investors are eagerly awaiting this quarter’s results, scheduled for Jan 27, 2022 – Jan 31, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.08, which is expected to increase to $0.11 for fiscal year $0.72 and then to about $0.94 by fiscal year 2022. Data indicates that the EPS growth is expected to be 3,500.00% in 2022, while the next year’s EPS growth is forecast to be 30.60%.
Analysts have estimated the company’s revenue for the quarter at $378.52 million, with a low estimate of $364.27 million and a high estimate of $390.5 million. According to the average forecast, sales growth in current quarter could jump up 12.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $1.54 billion, representing an increase of 6.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that DSKE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.31, with the price of DSKE currently trading nearly -4.89% and -17.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.77, while the 7-day volatility ratio is showing 5.25% which for the 30-day chart, stands at 6.09%. Furthermore, Daseke Inc. (DSKE)’s beta value is 1.87, and its average true range (ATR) is 0.50. The company’s stock has been forecasted to trade at an average price of $12.38 over the course of the next 52 weeks, with a low of $10.00 and a high of $16.00. Based on these price targets, the low is -27.06% off current price, whereas the price has to move -103.3% to reach the yearly target high. Additionally, analysts’ median price of $11.75 is likely to be welcomed by investors because it represents a decrease of -49.3% from the current levels.
A comparison of Daseke Inc. (DSKE) with its peers suggests the former has fared considerably weaker in the market. DSKE showed an intraday change of -0.38% in last session, and over the past year, it grew by 31.39%%. In comparison, TFI International Inc. (TFII) has moved higher at 3.60% on the day and was down -9.61% over the past 12 months. Additionally, there is a gain of 5.17% for Universal Logistics Holdings Inc. (ULH) in last trading while the stock has seen an overall depriciation of -8.31%% over the past year. The PE ratio stands at 7.66 for Daseke Inc., compared to 8.03 for TFI International Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 2.39%. Meanwhile, the Dow Jones Industrial Improved by 1.47%.
Data on historical trading for Daseke Inc. (NASDAQ:DSKE) indicates that the trading volumes over the past 10 days have averaged 0.36 million and over the past 3 months, they’ve averaged 478.94K. According to company’s latest data on outstanding shares, there are 62.89 million shares outstanding.
Nearly 3.40% of Daseke Inc.’s shares belong to company insiders and institutional investors own 45.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.1 million shares as on Dec 14, 2021, resulting in a short ratio of 5.01. According to the data, the short interest in Daseke Inc. (DSKE) stood at 3.36% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 2.75 million. The stock has fallen by -21.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DSKE stock heading into the next quarter.