Covenant Logistics Group Inc's fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 21 out of 75 in the Freight & Logistics Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 31.67.In the medium term, the stock price is expected to trend up.The company has been performing strongly in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Covenant Logistics Group Inc is 6.79, ranking 52 out of 75 in the Freight & Logistics Services industry. Its financial status is weak, and its operating efficiency is average. Its latest quarterly revenue reached 295.37M, representing a year-over-year increase of 6.51%, while its net profit experienced a year-over-year increase of 371.72%.
Key Metrics
The current valuation score of Covenant Logistics Group Inc is 7.21, ranking 43 out of 75 in the Freight & Logistics Services industry. Its current P/E ratio is 103.14, which is 0.00% below the recent high of 103.14 and 95.98% above the recent low of 4.14.
The current earnings forecast score of Covenant Logistics Group Inc is 8.00, ranking 12 out of 75 in the Freight & Logistics Services industry. The average price target is 31.00, with a high of 33.00 and a low of 29.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Covenant Logistics Group Inc is 9.67, ranking 4 out of 75 in the Freight & Logistics Services industry. Currently, the stock price is trading between the resistance level at 31.13 and the support level at 25.32, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Covenant Logistics Group Inc is 7.00, ranking 18 out of 75 in the Freight & Logistics Services industry. The latest institutional shareholding proportion is 76.31%, representing a quarter-over-quarter decrease of 1.30%. The largest institutional shareholder is The Vanguard, holding a total of 867.27K shares, representing 4.26% of shares outstanding, with 0.72% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Freight & Logistics Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Covenant Logistics Group Inc is 5.55, ranking 38 out of 75 in the Freight & Logistics Services industry. The company's beta value is 1.17. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets. with an industry-leading ESG disclosure.
