U.S. Xpress Enterprises Inc. (NYSE:USX) currently has a daily average trading volume of 829.64K but it saw 818310 shares traded on Thursday. With a market cap of 319.69M USD, stock’s current market price of $6.08 came rising about 0.33 while comparing to the previous closing price of $6.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.10 and as low as $1.34. In the recent trading on the day, stock has struck highest price mark of $6.10 while lowest mark touched by it was $6.05.
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Taking a look at 20-day trading activity of U.S. Xpress Enterprises Inc. (USX) gives us an average price of $6.06, while its current price level is -0.33% below from 52-week high level whereas it is 355.43% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.74 while that of 200 days or SMA-200 reads an average of $3.03. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.36% during that period while stretching the period over a month that increases to 0.50%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 76.82 which implies that the stock is in overbought territory.
U.S. Xpress Enterprises Inc. (USX)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $6.00 and $6.15 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $6.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $6.15. Average price target assigned by them is $6.10 which highlights an upside potential of 0.33% for the stock over that period. And to attain the median price target of $6.15 assigned by those analysts, stock has to add about 1.14% of value to its current levels.
Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 5 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, USX’s stock price is moving 0.50% up while it is 0.50% when we observe its performance for the past one month. Year-to-date it is 235.91% up and over the past year, the stock is showing an upside performance of 104.71%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.51 beaten by the consensus estimate of -$0.25 for the same. The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of -$0.17 while estimate for next year EPS is -$0.55. For USX, analysts are forecasting an EPS-growth rate of 12.70% for current year and estimate for EPS growth in next year is 121.80%. In next quarter, company is expected to be making quarterly sales of $528.54 million as analysts are expecting the sales for current fiscal year at $2.1 billion and seeing the company making $2.2 billion in sales next year. Moreover, analysts are in estimates of $523.1 million for current-quarter revenue.
Currently, U.S. Xpress Enterprises Inc.’s total number of outstanding shares is 52.13M with 29.63% of that held by the insiders while 49.62% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -1.70% and return on equity (ROE) at -25.50%. It has a 51.97 of forward P/E ratio. Stock’s beta reads 2.17. Stock has a price to book (P/B) ratio of 1.49 while price to sale or P/S ratio amounts to 0.15. Its return on asset (ROA) is -4.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Government Pension Fund – Global came shrinking its share ownership by 170.18% in the U.S. Xpress Enterprises Inc. (USX) increasing its stake to 2.36% with control over 0.54 million shares in the company. In the most recent quarter, IQ Merger Arbitrage ETF came rising its stake by 0.07% in the company and now holds 0.44 million or 1.22% of the company’s stake having worth of about 2.67 million.
