Proficient Auto Logistics Inc (NASDAQ:PAL) shares, rose in value on Wednesday, June 18, with the stock price up by 1.01% to the previous day’s close as strong demand from buyers drove the stock to $6.98.
Actively observing the price movement in the last trading, the stock closed the session at $6.91. Referring to stock’s 52-week performance, its high was $21.01, and the low was $6.61. On the whole, PAL has fluctuated by -20.41% over the past month.
With the market capitalization of Proficient Auto Logistics Inc currently standing at about $188.94 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-07.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PAL’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 price of PAL currently trading nearly -7.15% and -11.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.64, while the 7-day volatility ratio is showing 2.27% which for the 30-day chart, stands at 3.98%. Furthermore, Proficient Auto Logistics Inc (PAL)’s beta value is 3.16, and its average true range (ATR) is 0.56.
A comparison of Proficient Auto Logistics Inc (PAL) with its peers suggests the former has fared considerably weaker in the market. PAL showed an intraday change of 1.01% in last session, and over the past year, it shrunk by -54.23%%.
Data on historical trading for Proficient Auto Logistics Inc (NASDAQ:PAL) indicates that the trading volumes over the past 3 months, they’ve averaged 285.96K. According to company’s latest data on outstanding shares, there are 27.07 million shares outstanding.
Nearly 23.04% of Proficient Auto Logistics Inc’s shares belong to company insiders and institutional investors own 71.39% of the company’s shares. The stock has fallen by -13.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PAL stock heading into the next quarter.
