Yellow Corporation (NASDAQ:YELL) has a beta value of 3.23 and has seen 1,047,495 shares traded in the last trading session. The company, currently valued at $489.09 Million, closed the last trade at $9.54 per share which meant it gained $0.37 on the day or 4.03% during that session. The YELL stock price is -6.92% off its 52-week high price of $10.2 and 86.48% above the 52-week low of $1.29. If we look at the company’s 10-day average daily trading volume, we find that it stood at 864.8 Million shares traded. The 3-month trading volume is 1.53 Million shares.
The consensus among analysts is that Yellow Corporation (YELL) is a Hold stock at the moment, with a recommendation rating of 2.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 4 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.64.
Yellow Corporation (NASDAQ:YELL) trade information
Sporting 4.03% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the YELL stock price touched $9.83-2 or saw a rise of 2.95%. Year-to-date, Yellow Corporation shares have moved 115.35%, while the 5-day performance has seen it change 9.03%. Over the past 30 days, the shares of Yellow Corporation (NASDAQ:YELL) have changed 5.41%. Short interest in the company has seen 2.49 Million shares shorted with days to cover at 1.63.
Wall Street analysts have a consensus price target for the stock at $11.33, which means that the shares’ value could jump 18.76% from current levels. The projected low price target is $7 while the price target rests at a high of $15. In that case, then, we find that the current price level is +57.23% off the targeted high while a plunge would see the stock lose -26.62% from current levels.
Yellow Corporation (YELL) estimates and forecasts
Figures show that Yellow Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained +132.12% over the past 6 months, with this year growth rate of 107.03%, compared to 25.1% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -633.3% and 107.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +7.5%.
2 analysts offering their estimates for the company have set an average revenue estimate of $1.15 Billion for the current quarter. 2 have an estimated revenue figure of $1.17 Billion for the next quarter concluding in June 01, 2021. Year-ago sales stood $1.15 Billion and $1.01 Billion respectively for this quarter and the next, and analysts expect sales will grow by -0.4% for the current quarter and 15.8% for the next.
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 +28.13% over the past 5 years. Earnings growth for 2021 is a modest +59%.
Yellow Corporation (NASDAQ:YELL)’s Major holders
Insiders own 5.07% of the company shares, while shares held by institutions stand at 43.98% with a share float percentage of 46.33%. Investors are also buoyed by the number of investors in a company, with Yellow Corporation having a total of 105 institutions that hold shares in the company. The top two institutional holders are Portolan Capital Management, LLC with over 2.46 Million shares worth more than $10.9 Million. As of December 30, 2020, Portolan Capital Management, LLC held 4.8% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 2.25 Million shares as of December 30, 2020. The firm’s total holdings are worth over $9.95 Million and represent 4.38% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Fidelity Strategic Advisors Small-Mid Cap Fund. As of December 30, 2020, the former fund manager holds about 2.87% shares in the company for having 1471575 shares of worth $6.52 Million while later fund manager owns 813.06 Thousand shares of worth $4.85 Million as of February 27, 2021, which makes it owner of about 1.59% of company’s outstanding stock.