A share price of Heartland Express, Inc. [HTLD] is currently trading at $13.00, up 2.36%. An important factor to consider is whether the stock is rising or falling in short-term value. The HTLD shares have gain 4.25% over the last week, with a monthly amount drifted -1.66%, and not seem to be holding up well over a long-time horizon.
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On 8, February 2024, Heartland Express, Inc. Announces Participation in Upcoming Conference. In a post published today on Yahoo Finance, Heartland Express, Inc. (Nasdaq:HTLD) announced that members of management will participate in the Stifel 2024 Transportation & Logistics Conference on Tuesday, February 13, 2024.
From an analyst’s perspective:
Heartland Express, Inc. [NASDAQ: HTLD] stock has seen the most recent analyst activity on November 11, 2022, when UBS upgraded its rating to a Buy and also boosted its price target to $18 from $17. Previously, Morgan Stanley upgraded its rating to Equal-Weight on March 15, 2022, and kept the price target unchanged to $16. On February 18, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $16 on the stock. Barclays downgraded its rating to a Underweight and decreased its price target to $15 on January 26, 2022. JP Morgan upgraded its rating to a Overweight but $20 remained the price target by the analyst firm on July 01, 2021. In a note dated May 11, 2021, Robert W. Baird downgraded an Neutral rating on this stock and revised its target price from $22 to $21.
Heartland Express, Inc. experienced fluctuations in its stock price throughout the past year between $11.44 and $17.08. Currently, Wall Street analysts expect the stock to reach $16.33 within the next 12 months. Heartland Express, Inc. [NASDAQ: HTLD] shares were valued at $13.00 at the most recent close of the market. An investor can expect a potential return of 25.62% based on the average HTLD price forecast.
Analyzing the HTLD fundamentals
Trailing Twelve Months sales for Heartland Express, Inc. [NASDAQ:HTLD] were 1.21B which represents -22.42% decline. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.65 points at the first support level, and at 12.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.19, and for the 2nd resistance point, it is at 13.39.
Heartland Express, Inc. [HTLD] reported earnings per share of $0.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.08/share, meaning a difference of $0.14 and a surprise factor of 175.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.14 per share as compared to estimates of $0.08 per share, a difference of -$0.22 representing a surprise of -275.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Heartland Express, Inc. [NASDAQ:HTLD] is 1.37. On the other hand, the Quick Ratio is 1.28, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 1.19 and price to earnings (TTM) ratio is 69.59.
Transactions by insiders
Recent insider trading involved Ann S. Gerdin Revocable Trust, Co-Trustee of 10% Owner, that happened on Feb 22 when 14933.0 shares were purchased. Chief Executive Officer, GERDIN MICHAEL J completed a deal on Dec 12 to buy 18034.0 shares. Meanwhile, Chief Executive Officer GERDIN MICHAEL J bought 64475.0 shares on Dec 11.
