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Is Yellow Corporation (NASDAQ: YELL) A Good Investment Now?

Yellow Corporation (NASDAQ:YELL) shares, rose in value on Wednesday, 06/22/22, with the stock price up by 0.65% to the previous day’s close as strong demand from buyers drove the stock to $3.12.

Actively observing the price movement in the last trading, the stock closed the session at $3.10, falling within a range of $3.03 and $3.265. The value of beta (5-year monthly) was 3.03. Referring to stock’s 52-week performance, its high was $15.24, and the low was $2.82. On the whole, YELL has fluctuated by -13.33% over the past month.

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With the market capitalization of Yellow Corporation currently standing at about $153.16 million, investors are eagerly awaiting this quarter’s results, scheduled for Feb 02, 2022 – Feb 07, 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 $0.42, which is expected to increase to $0.57 for fiscal year $0.82 and then to about $0.83 by fiscal year 2023. Data indicates that the EPS growth is expected to be 138.10% in 2023, while the next year’s EPS growth is forecast to be 1.20%.

Analysts have estimated the company’s revenue for the quarter at $1.4 billion, with a low estimate of $1.37 billion and a high estimate of $1.45 billion. According to the average forecast, sales growth in current quarter could jump up 6.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $5.49 billion, representing an increase of 7.10% 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 3 upward and no downward review(s) in last seven days. We see that YELL’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 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of YELL currently trading nearly -12.63% and -22.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.52, while the 7-day volatility ratio is showing 9.90% which for the 30-day chart, stands at 8.08%. Furthermore, Yellow Corporation (YELL)’s beta value is 3.02, and its average true range (ATR) is 0.32.

Data on historical trading for Yellow Corporation (NASDAQ:YELL) indicates that the trading volumes over the past 3 months, they’ve averaged 1.16 million. According to company’s latest data on outstanding shares, there are 51.09 million shares outstanding.

Nearly 4.90% of Yellow Corporation’s shares belong to company insiders and institutional investors own 51.40% of the company’s shares. The stock has fallen by -75.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the YELL stock heading into the next quarter.

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