In the last trading session, 2.47 million FreightCar America Inc (NASDAQ:RAIL) shares changed hands as the company’s beta touched 2.07. With the company’s per share price at $10.17 changed hands at -$5.54 or -35.26% during last session, the market valuation stood at $191.95M. RAIL’s last price was a discount, traded about -58.31% off its 52-week high of $16.10. The share price had its 52-week low at $2.25, which suggests the last value was 77.88% up since then. When we look at FreightCar America Inc’s average trading volume, we note the 10-day average is 0.72 million shares, with the 3-month average coming to 450.18K.
Analysts gave the FreightCar America Inc (RAIL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended RAIL as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. FreightCar America Inc’s EPS for the current quarter is expected to be 0.08.
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FreightCar America Inc (NASDAQ:RAIL) trade information
Instantly RAIL was in red as seen at the end of in last trading. With action -18.38%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 276.67%, with the 5-day performance at -18.38% in the red. However, in the 30-day time frame, FreightCar America Inc (NASDAQ:RAIL) is -15.32% down. Looking at the short shares, we see there were 0.25 million shares sold at short interest cover period of 0.53 days.
FreightCar America Inc (RAIL) estimates and forecasts
Data shows that the FreightCar America Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 166.23% over the past 6 months, a 161.54% in annual growth rate that is considerably higher than the industry average of 6.80%. Year-over-year growth is forecast to reach 64.80% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 137.83M. 1 analysts are of the opinion that FreightCar America Inc’s revenue for the current quarter will be 143.96M. The estimates for the next quarter sales put growth at 13.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 18.51%. The 2024 estimates are for FreightCar America Inc earnings to increase by 158.97%, but the outlook for the next 5-year period is at 3.00% per year.
RAIL Dividends
FreightCar America Inc is expected to release its next quarterly earnings report in December. During the past 5 years, the average dividend yield was 1.62 per year.
FreightCar America Inc (NASDAQ:RAIL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 27.16% of FreightCar America Inc shares while 28.78% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 39.51%. There are 28.78% institutions holding the FreightCar America Inc stock share, with CONTINENTAL GENERAL INSURANCE CO the top institutional holder. As of 2024-06-30, the company held 5.3534% of the shares, roughly 1.58 million RAIL shares worth $5.53 million.
ALLIANZ ASSET MANAGEMENT GMBH holds the second largest percentage of outstanding shares, with 5.2308% or 1.55 million shares worth $5.4 million as of 2024-06-30.
