Cowen lowered the price target for the FreightCar America Inc. (NASDAQ:RAIL) stock to “a Market perform”. The rating was released on November 01, 2019. We previously noted in another research note published on November 01, 2018 by CL King that downgraded the stock from a Buy to a Neutral for RAIL stock. The research report from Stifel has reiterated the stock to Hold, with a price target set at $19. The stock was reiterated by Stifel, who disclosed in a research note on May 07, 2018, to Hold and set the price objective to $15. In their research brief published November 07, 2017, Stifel analysts reiterated the FreightCar America Inc. stock to Hold with a price target of $14.
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Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.57 during the last quarter as opposed to a consensus estimate of -$0.67, which indicates the company beat its estimate by $1.24, which implies that the company surprised the market by 185.10%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is -$0.32. This is an average of 2 analysts’ earnings, where the high earnings per share estimate is -$0.28 and the low earnings per share estimate is -$0.37. According to 1 analyst estimates, an average revenue estimate of $38.2M is projected for the current quarter with a high revenue estimate of $38.2M and a low estimate of $38.2M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of FreightCar America Inc. (NASDAQ:RAIL) raised 23.39% to close Thursday’s market session at $4.80, higher as compared to yesterday’s close. The stock price fluctuated between $3.38 and $5.43 throughout the trading session with the volume trading being 17833750 shares, which represented a significant variation when compared to the three months average volume of 386.43K shares. The firm’s stock price fluctuated 51.42% within the last five trades and 27.32% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 123.26% in the last 6 months and 85.33% was added to its value over the previous 3 months. RAIL stock is trading at a margin of 43.55%, 34.42% and 103.64% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, RAIL deals in the Industrials domain. The stock is trading 5.26 percent below its 52-week high and 504.84 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 142.14. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does FreightCar America Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -86.60 percent and the profit margin is -85.80 percent, and the company has reported a gross margin of -29.20 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $71.57 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The stock has achieved an effective Price-to-Sales Ratio of 0.77 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.25, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 3.70 percent of FreightCar America Inc. shares are owned by insiders, and 26.80 percent are held by financial institutions. Meyer James R, the President and CEO at FreightCar America Inc. (RAIL) has bought 17,500 shares of firm on Nov 30 at a price of $2.61 against the total amount of $45603.0. In another inside trade, Meyer James R, President and CEO of FreightCar America Inc. (NASDAQ:RAIL) bought 5,000 shares of the firm on Nov 27 for a total worth of $14060.0 at a price of $2.81. An inside trade which took place on Nov 25, President and CEO of FreightCar America Inc. Meyer James R bought 22,500 shares of firm against total price of $44507.0 at the cost of $1.98 per share.