FreightCar America Inc (NASDAQ:RAIL)’s traded shares stood at 0.31 million during the last session, with the company’s beta value hitting 1.93. At the close of trading, the stock’s price was $6.16, to imply an increase of 7.50% or $0.43 in intraday trading. The RAIL share’s 52-week high remains $6.05, putting it 1.79% up since that peak but still an impressive 63.47% since price per share fell to its 52-week low of $2.25. The company has a valuation of $116.24M, with an average of 0.3 million shares in intraday trading volume over the past 10 days and average of 68.49K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for FreightCar America Inc (RAIL), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give RAIL a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.07.
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FreightCar America Inc (NASDAQ:RAIL) trade information
After registering a 7.50% upside in the last session, FreightCar America Inc (RAIL) has traded red over the past five days. The 5-day price performance for the stock is 21.50%, and 93.10% over 30 days. With these gigs, the year-to-date price performance is 128.15%. Short interest in FreightCar America Inc (NASDAQ:RAIL) saw shorts transact 87141.0 shares and set a 3.47 days time to cover.
FreightCar America Inc (RAIL) estimates and forecasts
Looking at statistics comparing FreightCar America Inc share performance against respective industry, we note that the company has outperformed competitors. FreightCar America Inc (RAIL) shares are 98.71% up over the last 6 months, with its year-to-date growth rate higher than industry average at 164.10% against 14.80%. Revenue is forecast to grow 150.00% this quarter before jumping 228.60% for the next one. The rating firms project that company’s revenue will grow 53.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 127.1M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 135.3M.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 18.51% for the past 5-year period. While 2024 is set for a 164.10% return in earnings, projections for the next 5 years are at 3.00% annually.
RAIL Dividends
FreightCar America Inc has its next earnings report out on 2024-Nov-04. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 1.62%.
FreightCar America Inc (NASDAQ:RAIL)’s Major holders
FreightCar America Inc insiders hold 27.26% of total outstanding shares, with institutional holders owning 30.28% of the shares at 41.62% float percentage. In total, 30.28% institutions holds shares in the company, led by CONTINENTAL GENERAL INSURANCE CO. As of 2024-06-30, the company held over 1.58 million shares (or 5.3534% of shares), all amounting to roughly $5.53 million.
The next major institution holding the largest number of shares is ALLIANZ ASSET MANAGEMENT GMBH with 1.55 million shares, or about 5.2308% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.4 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the FreightCar America Inc (RAIL) shares. Going by data provided on Mar 31, 2024 , Vanguard Total Stock Market Index Fund holds roughly 378.02 shares. This is just over 2.00% of the total shares, with a market valuation of $2.33 million. Data from the same date shows that the other fund manager holds a little less at 184.67, or 0.98% of the shares, all valued at about 1.14 million.
