ArcBest Corp (NASDAQ: ARCB) is -21.31% lower on its value in year-to-date trading and has touched a low of $92.32 and a high of $153.60 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 ARCB stock was last observed hovering at around $93.54 in the last trading session, with the day’s gains setting it 1.05%.
Currently trading at $94.59, the stock is -11.35% and -11.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.1 million and changing 1.12% at the moment leaves the stock -16.84% off its SMA200. ARCB registered -20.63% loss for a year compared to 6-month gain of -10.87%. The firm has a 50-day simple moving average (SMA 50) of $107.535 and a 200-day simple moving average (SMA200) of $113.94745.
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The stock witnessed a -13.94% loss in the last 1 month and extending the period to 3 months gives it a -15.14%, and is -10.79% 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 4.78% over the week and 3.47% over the month.
ArcBest Corp (ARCB) has around 15000 employees, a market worth around $2.24B and $4.27B in sales. Current P/E ratio is 11.71 and Fwd P/E is 12.05. Profit margin for the company is 4.52%. Distance from 52-week low is 2.46% and -38.42% from its 52-week high. The company has generated returns on investments over the last 12 months (11.93%).
with sales reaching $1B over the same period.The EPS is expected to shrink by -23.35% this year, but quarterly earnings will post -5.53% year-over-year. Quarterly sales are estimated to shrink -7.76% in year-over-year returns.
ArcBest Corp (ARCB) Top Institutional Holders
386.0 institutions hold shares in ArcBest Corp (ARCB), with institutional investors hold 103.45% of the company’s shares. The shares outstanding are 23.46M, and float is at 22.97M with Short Float at 6.89%. Institutions hold 102.46% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.63 million shares valued at $388.89 million. The investor’s holdings represent 15.4141% of the ARCB Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.61 million shares valued at $279.99 million to account for 11.0976 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 2.24 million shares representing 9.5081% and valued at over $239.88 million, while DIMENSIONAL FUND ADVISORS LP holds 6.8983 of the shares totaling 1.63 million with a market value of $174.04 million.
ArcBest Corp (ARCB) Insider Activity
The most recent transaction is an insider sale by Philip Craig E, the company’s Director. SEC filings show that Philip Craig E sold 3,900 shares of the company’s common stock on Nov 22 ’24 at a price of $109.91 per share for a total of $0.43 million. Following the sale, the insider now owns 23250.0 shares.
Still, SEC filings show that on Nov 06 ’24, Newcity Michael E (SVP – Chf Innovation Officr(1)) disposed off 10,443 shares at an average price of $120.60 for $1.26 million. The insider now directly holds 5,051 shares of ArcBest Corp (ARCB).
