Old Dominion Freight Line, Inc (NASDAQ: ODFL) is -10.47% lower on its value in year-to-date trading and has touched a low of $165.49 and a high of $233.26 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 $181.57 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $181.44, the stock is -9.94% and -12.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing -0.07% at the moment leaves the stock -7.96% off its SMA200. ODFL registered -12.77% loss for a year compared to 6-month gain of 4.05%. The firm has a 50-day simple moving average (SMA 50) of $207.6144 and a 200-day simple moving average (SMA200) of $197.32393.
The stock witnessed a -19.40% loss in the last 1 month and extending the period to 3 months gives it a -7.11%, and is -5.39% 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 2.96% over the week and 2.52% over the month.
Old Dominion Freight Line, Inc (ODFL) has around 22902 employees, a market worth around $38.74B and $5.92B in sales. Current P/E ratio is 31.71 and Fwd P/E is 31.22. Profit margin for the company is 21.03%. Distance from 52-week low is 9.64% and -22.22% from its 52-week high. The company has generated returns on investments over the last 12 months (29.55%).
The EPS is expected to shrink by -3.65% this year
1258.0 institutions hold shares in Old Dominion Freight Line, Inc (ODFL), with institutional investors hold 89.55% of the company’s shares. The shares outstanding are 213.79M, and float is at 184.37M with Short Float at 4.58%. Institutions hold 80.49% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 22.04 million shares valued at $3.89 billion. The investor’s holdings represent 10.1293 of the ODFL Shares outstanding. As of 2024-06-30, the second largest holder is PRICE T ROWE ASSOCIATES INC /MD/ with 16.33 million shares valued at $2.88 billion to account for 7.5026 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 16.2 million shares representing 7.4461 and valued at over $2.86 billion, while CIBC PRIVATE WEALTH GROUP, LLC holds 4.0498 of the shares totaling 8.81 million with a market value of $1.6 billion.
Old Dominion Freight Line, Inc (ODFL) Insider Activity
Old Dominion Freight Line, Inc disclosed in a document filed with the SEC on Nov 08 ’24 that SUGGS LEO H (Director) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Nov 08 ’24 and was made at $225.44 per share for $0.68 million. Following the transaction, the insider now directly holds 7383.0 shares of the ODFL stock.
Still, SEC filings show that on Nov 06 ’24, CONGDON DAVID S (Executive Chairman) disposed off 60,000 shares at an average price of $226.30 for $13.58 million. The insider now directly holds 1,321,596 shares of Old Dominion Freight Line, Inc (ODFL).
