FreightCar America Inc (NASDAQ:RAIL) has a beta value of 1.95 and has seen 1.37 million shares traded in the last trading session. The company, currently valued at $133.60M, closed the last trade at $7.08 per share which meant it lost -$0.77 on the day or -9.81% during that session. The RAIL stock price is -11.72% off its 52-week high price of $7.91 and 68.22% above the 52-week low of $2.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.49 million shares traded. The 3-month trading volume is 99.74K shares.
The consensus among analysts is that FreightCar America Inc (RAIL) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
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FreightCar America Inc (NASDAQ:RAIL) trade information
Sporting -9.81% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RAIL stock price touched $7.08 or saw a rise of 19.91%. Year-to-date, FreightCar America Inc shares have moved 162.22%, while the 5-day performance has seen it change 14.94%. Over the past 30 days, the shares of FreightCar America Inc (NASDAQ:RAIL) have changed 102.87%. Short interest in the company has seen 98655.0 shares shorted with days to cover at 1.4.
FreightCar America Inc (RAIL) estimates and forecasts
Figures show that FreightCar America Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 136.00% over the past 6 months, with this year growth rate of 164.10%, compared to 14.80% for the industry.
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 18.51% over the past 5 years. Earnings growth for 2024 is a modest 164.10% while over the next 5 years, the company’s earnings are expected to increase by 3.00%.
RAIL Dividends
FreightCar America Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
FreightCar America Inc (NASDAQ:RAIL)’s Major holders
Insiders own 27.26% of the company shares, while shares held by institutions stand at 30.28% with a share float percentage of 41.62%. Investors are also buoyed by the number of investors in a company, with FreightCar America Inc having a total of 42.0 institutions that hold shares in the company. The top two institutional holders are CONTINENTAL GENERAL INSURANCE CO with over 1.58 million shares worth more than $5.53 million. As of 2024-06-30, CONTINENTAL GENERAL INSURANCE CO held 5.3534% of shares outstanding.
The other major institutional holder is ALLIANZ ASSET MANAGEMENT GMBH, with the holding of over 1.55 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.4 million and represent 5.2308% of shares outstanding.
