FreightCar America Inc (NASDAQ:RAIL) price on Wednesday, November 13, fall -3.05% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.86.
A look at the stock’s price movement, the close in the last trading session was $10.17, moving within a range at $9.17 and $10.5. The beta value (5-Year monthly) was 2.007. Turning to its 52-week performance, $16.10 and $2.25 were the 52-week high and 52-week low respectively. Overall, RAIL moved -16.37% over the past month.
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FreightCar America Inc’s market cap currently stands at around $186.10 million, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 137.83M for the company’s revenue for the quarter, with a low and high estimate of 137.83M and 137.83M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 590.26M, representing a 64.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RAIL is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend RAIL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RAIL’s current price about -26.00% and -15.89% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.22, while 7-day volatility ratio is 15.99% and 9.70% in the 30-day chart. Further, FreightCar America Inc (RAIL) has a beta value of 1.98, and an average true range (ATR) of 1.47.
If we refocus on FreightCar America Inc (NASDAQ:RAIL), historical trading data shows that trading volumes averaged 0.82 over the past 10 days and 486.68K over the past 3 months. The company’s latest data on shares outstanding shows there are 17.90 million shares.
The 24.19% of FreightCar America Inc’s shares are in the hands of company insiders while institutional holders own 30.33% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.44 million on 2024-10-31, giving us a short ratio of 1.04. The data shows that as of 2024-10-31 short interest in FreightCar America Inc (RAIL) stood at 371.00002 of shares outstanding, with shares short rising to 0.19 million registered in 2024-09-30. Current price change has pushed the stock 265.19% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RAIL stock continues to rise going into the next quarter.
