FreightCar America, Inc. (NASDAQ:RAIL) has a beta value of 2.43 and has seen 1,458,481 shares traded in the last trading session. The company, currently valued at $92.75 Million, closed the last trade at $5.95 per share which meant it lost -$0.3 on the day or -4.8% during that session. The RAIL stock price is -17.48% off its 52-week high price of $6.99 and 84.87% above the 52-week low of $0.9. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.39 Million shares traded. The 3-month trading volume is 1.9 Million shares.
The consensus among analysts is that FreightCar America, Inc. (RAIL) is a Hold stock at the moment, with a recommendation rating of 3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 1 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.32.
FreightCar America, Inc. (NASDAQ:RAIL) trade information
Despite being -4.8% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 06 when the RAIL stock price touched $7.84-2 or saw a rise of 24.11%. Year-to-date, FreightCar America, Inc. shares have moved 146.89%, while the 5-day performance has seen it change -10.53%. Over the past 30 days, the shares of FreightCar America, Inc. (NASDAQ:RAIL) have changed 89.49%. Short interest in the company has seen 150.07 Million shares shorted with days to cover at 78.98.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump -32.77% from current levels. The projected low price target is $4 while the price target rests at a high of $4. In that case, then, we find that the current price level is -32.77% off the targeted high while a plunge would see the stock lose -32.77% from current levels.
FreightCar America, Inc. (RAIL) estimates and forecasts
Figures show that FreightCar America, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +123.68% over the past 6 months, with this year growth rate of -74.48%, compared to 27.4% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 75.4% and 75.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +49.9%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -34.6% over the past 5 years. Earnings growth for 2021 is a modest -3.3% while over the next 5 years, the company’s earnings are expected to increase by 3%.
FreightCar America, Inc. (NASDAQ:RAIL)’s Major holders
Insiders own 23.37% of the company shares, while shares held by institutions stand at 26.74% with a share float percentage of 34.9%. Investors are also buoyed by the number of investors in a company, with FreightCar America, Inc. having a total of 45 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 452.85 Thousand shares worth more than $1.09 Million. As of December 30, 2020, Vanguard Group, Inc. (The) held 2.91% of shares outstanding.
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The other major institutional holder is Minerva Advisors LLC, with the holding of over 450.72 Thousand shares as of December 30, 2020. The firm’s total holdings are worth over $1.09 Million and represent 2.89% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Bertolet Capital Tr-Pinnacle Value Fund. As of December 30, 2020, the former fund manager holds about 1.55% shares in the company for having 242168 shares of worth $583.62 Thousand while later fund manager owns 214.66 Thousand shares of worth $517.33 Thousand as of December 30, 2020, which makes it owner of about 1.38% of company’s outstanding stock.