During the recent session, Yellow Corporation (NASDAQ:YELL)’s traded shares were 5.14 million, with the beta value of the company hitting 3.27. At the last check today, the stock’s price was $6.39, reflecting an intraday gain of 35.67% or $1.68. The 52-week high for the YELL share is $15.24, that puts it down -138.5 from that peak though still a striking 55.87% gain since the share price plummeted to a 52-week low of $2.82. The company’s market capitalization is $218.97M, and the average intraday trading volume over the past 10 days was 0.85 million shares, and the average trade volume was 1.22 million shares over the past three months.
Yellow Corporation (YELL) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.70. YELL has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
Yellow Corporation (NASDAQ:YELL) trade information
Yellow Corporation (YELL) registered a 35.67% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 35.67% in intraday trading to $6.39 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is 8.28%, and it has moved by 47.19% in 30 days. Based on these gigs, the overall price performance for the year is -13.10%. The short interest in Yellow Corporation (NASDAQ:YELL) is 2.97 million shares and it means that shorts have 2.09 day(s) to cover.
The consensus price target of analysts on Wall Street is $9.33, which implies an increase of 31.51% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.00 and $13.00 respectively. As a result, YELL is trading at a discount of -103.44% off the target high and 6.1% off the low.
Yellow Corporation (YELL) estimates and forecasts
Statistics show that Yellow Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Yellow Corporation (YELL) shares have gone down -57.34% during the last six months, with a year-to-date growth rate more than the industry average at 166.36% against 20.60. In the rating firms’ projections, revenue will increase 7.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.43 billion as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $1.39 billion by the end of Dec 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.3 billion and $1.31 billion respectively. In this case, analysts expect current quarter sales to grow by 9.60% and then jump by 6.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -39.60%. While earnings are projected to return -67.60% in 2022.
Yellow Corporation is due to release its next quarterly earnings between November 01 and November 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Yellow Corporation (NASDAQ:YELL)’s Major holders
Yellow Corporation insiders own 2.85% of total outstanding shares while institutional holders control 51.41%, with the float percentage being 52.92%. Blackrock Inc. is the largest shareholder of the company, while 140 institutions own stock in it. As of Mar 30, 2022, the company held over 3.19 million shares (or 6.18% of all shares), a total value of $20.17 million in shares.
The next largest institutional holding, with 2.61 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 5.07% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $16.52 million.
Also, the Mutual Funds coming in first place with the largest holdings of Yellow Corporation (YELL) shares are Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR S&P Transportation ETF. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 1.6 million shares. This amounts to just over 3.10 percent of the company’s overall shares, with a $10.12 million market value. The same data shows that the other fund manager holds slightly less at 1.22 million, or about 2.38% of the stock, which is worth about $7.75 million.