Old Dominion Freight Line, Inc (NASDAQ:ODFL) shares, rose in value on Friday, January 24, with the stock price down by -0.38% to the previous day’s close as strong demand from buyers drove the stock to $190.81.
Actively observing the price movement in the last trading, the stock closed the session at $191.54, falling within a range of $189.81 and $192.05. The value of beta (5-year monthly) was 0.989 whereas the PE ratio was 33.35 over 12-month period. Referring to stock’s 52-week performance, its high was $233.26, and the low was $165.49. On the whole, ODFL has fluctuated by 5.20% over the past month.
With the market capitalization of Old Dominion Freight Line, Inc currently standing at about $40.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.30, with its dividend yield at 0.68%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.82B, with a low estimate of 1.36B and a high estimate of 1.39B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.38B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ODFL’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% Buy 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 5.82, with the price of ODFL currently trading nearly 4.12% and -4.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.77, while the 7-day volatility ratio is showing 1.59% which for the 30-day chart, stands at 2.02%. Furthermore, Old Dominion Freight Line, Inc (ODFL)’s beta value is 1.06, and its average true range (ATR) is 4.35.
A comparison of Old Dominion Freight Line, Inc (ODFL) with its peers suggests the former has fared considerably weaker in the market. ODFL showed an intraday change of -0.38% in last session, and over the past year, it shrunk by -3.20%%.
Data on historical trading for Old Dominion Freight Line, Inc (NASDAQ:ODFL) indicates that the trading volumes over the past 10 days have averaged 1.27 and over the past 3 months, they’ve averaged 1.41 million. According to company’s latest data on outstanding shares, there are 213.79 million shares outstanding.
Nearly 13.65% of Old Dominion Freight Line, Inc’s shares belong to company insiders and institutional investors own 78.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.66 million shares as on 2024-12-31, resulting in a short ratio of 5.76. According to the data, the short interest in Old Dominion Freight Line, Inc (ODFL) stood at 684.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 8.03 million. The stock has risen by 8.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ODFL stock heading into the next quarter.
