Marten Transport, Ltd (NASDAQ: MRTN) is -25.26% lower on its value in year-to-date trading and has touched a low of $15.33 and a high of $21.38 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 MRTN stock was last observed hovering at around $15.57 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $15.68, the stock is -6.77% and -6.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 0.71% at the moment leaves the stock -9.66% off its SMA200. MRTN registered -25.33% loss for a year compared to 6-month loss of -13.56%. The firm has a 50-day simple moving average (SMA 50) of $16.7318 and a 200-day simple moving average (SMA200) of $17.37275.
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The stock witnessed a -7.27% gain in the last 1 month and extending the period to 3 months gives it a -9.26%, and is -6.16% 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 3.25% over the week and 2.42% over the month.
Marten Transport, Ltd (MRTN) has around 4213 employees, a market worth around $1.28B and $1.00B in sales. Current P/E ratio is 37.90 and Fwd P/E is 30.53. Profit margin for the company is 3.36%. Distance from 52-week low is 2.28% and -26.66% from its 52-week high. The company has generated returns on investments over the last 12 months (4.39%).
with sales reaching $232.91M over the same period.The EPS is expected to shrink by -62.63% this year, but quarterly earnings will post -15.24% year-over-year. Quarterly sales are estimated to shrink -13.17% in year-over-year returns.
Marten Transport, Ltd (MRTN) Top Institutional Holders
280.0 institutions hold shares in Marten Transport, Ltd (MRTN), with institutional investors hold 99.75% of the company’s shares. The shares outstanding are 81.45M, and float is at 57.55M with Short Float at 1.28%. Institutions hold 70.49% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.89 million shares valued at $164.08 million. The investor’s holdings represent 10.9318% of the MRTN Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 5.83 million shares valued at $107.58 million to account for 7.168 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.28 million shares representing 5.2558% and valued at over $78.88 million, while VICTORY CAPITAL MANAGEMENT INC holds 5.0154 of the shares totaling 4.08 million with a market value of $75.28 million.
Marten Transport, Ltd (MRTN) Insider Activity
The most recent transaction is an insider purchase by BAUER JERRY M, the company’s Director. SEC filings show that BAUER JERRY M bought 10,000 shares of the company’s common stock on Oct 30 ’24 at a price of $15.81 per share for a total of $0.16 million. Following the purchase, the insider now owns 0.16 million shares.
Marten Transport, Ltd disclosed in a document filed with the SEC on Jul 25 ’24 that Phillips Adam Daniel (EVP & Chief Operating Officer) sold a total of 4,500 shares of the company’s common stock. The trade occurred on Jul 25 ’24 and was made at $18.34 per share for $82535.0. Following the transaction, the insider now directly holds 7448.0 shares of the MRTN stock.
Still, SEC filings show that on Jun 12 ’24, Petit Douglas Paul (President) disposed off 4,500 shares at an average price of $18.22 for $81999.0. The insider now directly holds 31,600 shares of Marten Transport, Ltd (MRTN).
