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Saia Inc. (SAIA) – Don’t Be So Quick to Call it Dead

Saia Inc. (NASDAQ: SAIA) is 20.45% higher on its value in year-to-date trading and has touched a low of $244.69 and a high of $628.34 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 SAIA stock was last observed hovering at around $546.28 in the last trading session, with the day’s loss setting it -18.45%.

Currently trading at $527.83, the stock is -7.22% and -7.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing -3.38% at the moment leaves the stock 15.92% off its SMA200. SAIA registered 83.99% gain for a year compared to 6-month gain of 39.43%.

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The stock witnessed a -10.00% loss in the last 1 month and extending the period to 3 months gives it a 16.68%, and is -2.49% down 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 4.81% over the week and 3.53% over the month.

Saia Inc. (SAIA) has around 14000 employees, a market worth around $14.04B and $2.88B in sales. Current P/E ratio is 39.79 and Fwd P/E is 26.55. Profit margin for the company is 12.32%. Distance from 52-week low is 115.71% and -16.00% from its 52-week high. The company has generated returns on investments over the last 12 months (17.36%).

The EPS is expected to grow by 23.43% this year

The shares outstanding are 26.59M, and float is at 26.52M with Short Float at 4.89%.

Saia Inc. (SAIA) Insider Activity

The most recent transaction is an insider sale by COL DOUGLAS L, the company’s Executive VP, CFO & Secretary. SEC filings show that COL DOUGLAS L sold 1,812 shares of the company’s common stock on Feb 13 ’24 at a price of $557.75 per share for a total of $1.01 million. Following the sale, the insider now owns 5623.0 shares.

Saia Inc. disclosed in a document filed with the SEC on Feb 09 ’24 that RAMU RAYMOND R (Exec. VP & Chief Customer Off.) sold a total of 1,943 shares of the company’s common stock. The trade occurred on Feb 09 ’24 and was made at $565.83 per share for $1.1 million. Following the transaction, the insider now directly holds 4447.0 shares of the SAIA stock.

Still, SEC filings show that on Feb 09 ’24, SUGAR PATRICK D (EVP Operations) disposed off 1,431 shares at an average price of $549.62 for $0.79 million. The insider now directly holds 7,442 shares of Saia Inc. (SAIA).

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