Analysts suggest Daseke Inc (DSKE) could spike 10.11% in a year

Daseke Inc (NASDAQ: DSKE) is 42.18% higher on its value in year-to-date trading and has touched a low of $4.06 and a high of $9.57 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DSKE stock was last observed hovering at around $8.10 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $8.30 for the next 12 months. It is also 10.11% off the consensus price target high of $9.00 offered by 3 analysts, but current levels are 2.53% higher than the price target low of $8.30 for the same period.

Currently trading at $8.09, the stock is 70.07% and 75.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing -0.12% at the moment leaves the stock 34.40% off its SMA200. DSKE registered 39.48% gain for a year compared to 6-month loss of 12.91%. The firm has a 50-day simple moving average (SMA 50) of $0.72 and a 200-day simple moving average (SMA200) of $6.58.

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The stock witnessed a 76.64% gain in the last 1 month and extending the period to 3 months gives it a 67.49%, and is 76.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.76% over the week and 4.34% over the month.

Daseke Inc (DSKE) has around 4123 employees, a market worth around $376.19M and $1.62B in sales. Current P/E ratio is 60.55 and Fwd P/E is 53.93. Profit margin for the company is 0.44%. Distance from 52-week low is 99.26% and -15.51% from its 52-week high. The company has generated returns on investments over the last 12 months (0.87%).

Daseke Inc (DSKE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Daseke Inc (DSKE) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.33, where 2 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Daseke Inc is expected to release its quarterly report on 03/14/2024.The EPS is expected to shrink by -125.00% this year.

Daseke Inc (DSKE) Top Institutional Holders

The shares outstanding are 45.03M, and float is at 38.54M with Short Float at 3.40%.

Daseke Inc (DSKE) Insider Activity

A total of 4 insider transactions have happened at Daseke Inc (DSKE) in the last six months, with sales accounting for 2 and purchases happening 2 times.

Daseke Inc (DSKE): Who are the competitors?

The company’s main competitors (and peers) include TFI International Inc. (TFII) that is trading 31.73% up over the past 12 months. Universal Logistics Holdings Inc. (ULH) that is -16.75% lower over the same period.