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Daseke Inc. (NASDAQ: DSKE): A Blank Check?

Daseke Inc. (NASDAQ:DSKE) shares, rose in value on Thursday, August 04, with the stock price up by 7.90% to the previous day’s close as strong demand from buyers drove the stock to $7.24.

Actively observing the price movement in the recent trading, the stock is buoying the session at $6.71, falling within a range of $6.64 and $7.07. The value of beta (5-year monthly) is 1.88 whereas the PE ratio is 6.53 over 12-month period. Referring to stock’s 52-week performance, its high was $13.17, and the low was $5.86. On the whole, DSKE has fluctuated by 0.90% over the past month.

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With the market capitalization of Daseke Inc. currently standing at about $354.62 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 $0.39, which is expected to increase to $0.42 for fiscal year $1.09 and then to about $1.17 by fiscal year 2023. Data indicates that the EPS growth is expected to be 41.60% in 2023, while the next year’s EPS growth is forecast to be 7.30%.

Analysts have estimated the company’s revenue for the quarter at $434.98 million, with a low estimate of $424.5 million and a high estimate of $451.1 million. According to the average forecast, sales growth in current quarter could jump up 17.70%, 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 $1.67 billion, representing an increase of 7.50% 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 1 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 50% Sell on average. However, medium term indicators have put the stock in the category of 50% 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 0.26, with the price of DSKE currently trading nearly 5.05% and 4.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.15, while the 7-day volatility ratio is showing 13.04% which for the 30-day chart, stands at 6.19%. Furthermore, Daseke Inc. (DSKE)’s beta value is 1.92, and its average true range (ATR) is 0.53.

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 7.90% in today’s session so far, and over the past year, it shrunk by -15.81%%. In comparison, TFI International Inc. (TFII) has moved lower at -0.29% today and is down -8.21% over the past 12 months. On the other hand, the price of Universal Logistics Holdings Inc. (ULH) has risen 2.47% today. The stock, however, is off 59.41% from where it was a year ago. The PE ratio stands at 6.53 for Daseke Inc., compared to 10.21 for TFI International Inc., and 10.19 for Universal Logistics Holdings Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.08%. Meanwhile, the Dow Jones Industrial Slipped by -0.18%.

Data on historical trading for Daseke Inc. (NASDAQ:DSKE) indicates that the trading volumes over the past 10 days have averaged 0.49 million and over the past 3 months, they’ve averaged 357.66K. According to company’s latest data on outstanding shares, there are 62.89 million shares outstanding.

Nearly 35.94% of Daseke Inc.’s shares belong to company insiders and institutional investors own 46.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.0 million shares as on Jul 14, 2022, resulting in a short ratio of 5.42. According to the data, the short interest in Daseke Inc. (DSKE) stood at 3.15% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 1.51 million. The stock has fallen by -33.17% 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.

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