Hub Group, Inc (NASDAQ:HUBG) price on Friday, January 17, fall -3.55% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $44.83.
A look at the stock’s price movement, the close in the last trading session was $46.48, moving within a range at $44.68 and $46.48. The beta value (5-Year monthly) was 0.889 while the PE ratio in trailing twelve months stood at 25.46. Turning to its 52-week performance, $53.21 and $38.07 were the 52-week high and 52-week low respectively. Overall, HUBG moved -9.18% over the past month.
Hub Group, Inc’s market cap currently stands at around $2.75 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.50, with its dividend yield at 1.12%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.01B for the company’s revenue for the quarter, with a low and high estimate of 960.6M and 1.05B respectively. The average forecast suggests up to a 2.51% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.99B, representing a -5.13% decline 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 HUBG is a Hold. 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 Hold category.
12 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 5 analyst(s) rate the stock as a Hold, 7 recommend HUBG 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.
HUBG’s current price about 0.78% and -6.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.40, while 7-day volatility ratio is 3.23% and 3.12% in the 30-day chart. Further, Hub Group, Inc (HUBG) has a beta value of 0.95, and an average true range (ATR) of 1.39. Analysts have given the company’s stock an average 52-week price target of $42.5, forecast between a low of $42 and high of $43. Looking at the price targets, the low is 6.31% off current price level while to achieve the yearly target high, price needs to move 4.08%. Nonetheless, investors will most likely welcome a 5.2% jump to $42.5 which is the analysts’ median price.
If we refocus on Hub Group, Inc (NASDAQ:HUBG), historical trading data shows that trading volumes averaged 0.42 over the past 10 days and 543.67K over the past 3 months. The company’s latest data on shares outstanding shows there are 60.82 million shares.
The 3.08% of Hub Group, Inc’s shares are in the hands of company insiders while institutional holders own 94.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.7 million on 2024-12-31, giving us a short ratio of 1.22. The data shows that as of 2024-12-31 short interest in Hub Group, Inc (HUBG) stood at 119.00000000000001 of shares outstanding, with shares short falling to 1.36 million registered in 2024-11-29. Current price change has pushed the stock 0.61% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HUBG stock continues to rise going into the next quarter.
