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Old Dominion Freight Line, Inc. (ODFL) Stock Could Soon Reward Patient Investors

Old Dominion Freight Line, Inc. (NASDAQ: ODFL) is -15.57% lower on its value in year-to-date trading and has touched a low of $149.45 and a high of $227.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ODFL stock was last observed hovering at around $168.53 in the last trading session, with the day’s gains setting it 2.59%.

Currently trading at $171.12, the stock is -2.72% and -11.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing 1.54% at the moment leaves the stock -14.99% off its SMA200. ODFL registered 8.00% gain for a year compared to 6-month loss of -8.73%.

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The stock witnessed a -6.57% gain in the last 1 month and extending the period to 3 months gives it a -20.94%, and is 1.06% 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 3.53% over the week and 2.58% over the month.

Old Dominion Freight Line, Inc. (ODFL) has around 22902 employees, a market worth around $37.18B and $5.88B in sales. Current P/E ratio is 30.13 and Fwd P/E is 24.06. Profit margin for the company is 21.19%. Distance from 52-week low is 14.50% and -24.88% from its 52-week high. The company has generated returns on investments over the last 12 months (27.94%).

with sales reaching $1.51B over the same period.The EPS is expected to grow by 6.86% this year, but quarterly earnings will post 5.30% year-over-year. Quarterly sales are estimated to grow 7.10% in year-over-year returns.

Old Dominion Freight Line, Inc. (ODFL) Top Institutional Holders

The shares outstanding are 217.93M, and float is at 188.07M with Short Float at 2.57%.

Old Dominion Freight Line, Inc. (ODFL) Insider Activity

The most recent transaction is an insider sale by Kasarda John D.,the company’sDirector. SEC filings show that Kasarda John D. sold 7,972 shares of the company’s common stock on Feb 27 ’24 at a price of $442.15 per share for a total of $3.52 million. Following the sale, the insider now owns 6770.0 shares.

Old Dominion Freight Line, Inc. disclosed in a document filed with the SEC on Feb 23 ’24 that CONGDON DAVID S (Executive Chairman) sold a total of 34,000 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $440.97 per share for $14.99 million. Following the transaction, the insider now directly holds 0.73 million shares of the ODFL stock.

Still, SEC filings show that on Nov 10 ’23, CONGDON DAVID S (Executive Chairman) disposed off 24,100 shares at an average price of $390.59 for $9.41 million. The insider now directly holds 766,754 shares of Old Dominion Freight Line, Inc. (ODFL).

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