FreightCar America Inc (NASDAQ: RAIL) is 190.74% higher on its value in year-to-date trading and has touched a low of $2.25 and a high of $7.20 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 RAIL stock was last observed hovering at around $7.20 in the last trading session, with the day’s gains setting it 0.65%.
Currently trading at $7.85, the stock is 64.74% and 101.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing 9.03% at the moment leaves the stock 136.82% off its SMA200. RAIL registered 182.37% gain for a year compared to 6-month gain of 154.05%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 126.22% loss in the last 1 month and extending the period to 3 months gives it a 106.58%, and is 37.00% 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 10.36% over the week and 9.33% over the month.
FreightCar America Inc (RAIL) has around 2023 employees, a market worth around $148.13M and $496.97M in sales. Fwd P/E is 16.70. Profit margin for the company is -4.09%. Distance from 52-week low is 248.89% and 9.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.32%).
The EPS is expected to grow by 164.10% this year
42.0 institutions hold shares in FreightCar America Inc (RAIL), with institutional investors hold 41.62% of the company’s shares. The shares outstanding are 17.90M, and float is at 14.23M with Short Float at 0.69%. Institutions hold 30.28% of the Float.
The top institutional shareholder in the company is CONTINENTAL GENERAL INSURANCE CO with over 1.58 million shares valued at $5.53 million. The investor’s holdings represent 5.3534 of the RAIL Shares outstanding. As of 2024-06-30, the second largest holder is ALLIANZ ASSET MANAGEMENT GMBH with 1.55 million shares valued at $5.4 million to account for 5.2308 of the shares outstanding. The other top investors are MINERVA ADVISORS LLC which holds 0.79 million shares representing 2.6586 and valued at over $2.72 million, while VANGUARD GROUP INC holds 1.938 of the shares totaling 0.57 million with a market value of $2.0 million.
FreightCar America Inc (RAIL) Insider Activity
The most recent transaction is an insider purchase by Gil Benavides Alejandro, the company’s 10% Owner. SEC filings show that Gil Benavides Alejandro bought 21,400 shares of the company’s common stock on Dec 14 ’23 at a price of $2.44 per share for a total of $52216.0. Following the purchase, the insider now owns 0.18 million shares.
