During the last session, FreightCar America Inc (NASDAQ:RAIL)’s traded shares were 1.37 million, with the beta value of the company hitting 1.95. At the end of the trading day, the stock’s price was $7.08, reflecting an intraday loss of -9.81% or -$0.77. The 52-week high for the RAIL share is $7.91, that puts it down -11.72 from that peak though still a striking 68.22% gain since the share price plummeted to a 52-week low of $2.25. The company’s market capitalization is $133.60M, and the average intraday trading volume over the past 10 days was 0.4 million shares, and the average trade volume was 99.74K shares over the past three months.
FreightCar America Inc (RAIL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. RAIL has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 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 0.08.
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FreightCar America Inc (NASDAQ:RAIL) trade information
FreightCar America Inc (RAIL) registered a -9.81% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -9.81% in intraday trading to $7.08, hitting a weekly high. The stock’s 5-day price performance is 14.94%, and it has moved by 102.87% in 30 days. Based on these gigs, the overall price performance for the year is 153.76%. The short interest in FreightCar America Inc (NASDAQ:RAIL) is 98655.0 shares and it means that shorts have 1.4 day(s) to cover.
FreightCar America Inc (RAIL) estimates and forecasts
Statistics show that FreightCar America Inc has outperformed its competitors in share price, compared to the industry in which it operates. FreightCar America Inc (RAIL) shares have gone up 136.00% during the last six months, with a year-to-date growth rate more than the industry average at 164.10% against 14.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 157.10% this quarter and then jump 242.90% in the quarter after that. In the rating firms’ projections, revenue will increase 64.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 137.83M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 143.96M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 18.51%. While earnings are projected to return 164.10% in 2024, the next five years will return 3.00% per annum.
RAIL Dividends
FreightCar America Inc is due to release its next quarterly earnings on 2024-Nov-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 1.62%.
FreightCar America Inc (NASDAQ:RAIL)’s Major holders
FreightCar America Inc insiders own 27.26% of total outstanding shares while institutional holders control 30.28%, with the float percentage being 41.62%. CONTINENTAL GENERAL INSURANCE CO is the largest shareholder of the company, while 42.0 institutions own stock in it. As of 2024-06-30, the company held over 1.58 million shares (or 5.3534% of all shares), a total value of $5.53 million in shares.
The next largest institutional holding, with 1.55 million shares, is of ALLIANZ ASSET MANAGEMENT GMBH’s that is approximately 5.2308% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.4 million.
