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Covenant Logistics Group, Inc. (CVLG)
46.36  0.46 (1%)    03-28 16:00
Open: 45.6942
High: 46.735
Volume: 50,473
  
Pre. Close: 45.9
Low: 45.6942
Market Cap: 606(M)
Technical analysis
2024-03-28 4:50:40 PM
Short term     
Mid term     
Targets 6-month :  56.88 1-year :  60.93
Resists First :  48.7 Second :  52.16
Pivot price 45.05
Supports First :  43.09 Second :  35.85
MAs MA(5) :  45.66 MA(20) :  45.45
MA(100) :  45.95 MA(250) :  44.4
MACD MACD :  -0.9 Signal :  -1.2
%K %D K(14,3) :  63.8 D(3) :  56.8
RSI RSI(14): 49.1
52-week High :  57.56 Low :  32.83
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and NEUTRAL in mid-long term.
[ CVLG ] has closed below upper band by 11.9%. Bollinger Bands are 37.9% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 46.8 - 46.98 46.98 - 47.16
Low: 45.22 - 45.43 45.43 - 45.63
Close: 46.02 - 46.35 46.35 - 46.67
Company Description

Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers' freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers. The segment also provides shuttle and switching services to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. As of December 31, 2021, it operated 2,291 tractors and 5,331 trailers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in July 2020. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

Headline News

Wed, 27 Mar 2024
Covenant Logistics (CVLG) Stock Sinks As Market Gains: What You Should Know - Yahoo Lifestyle Australia

Wed, 27 Mar 2024
Covenant Logistics (CVLG) Beats Stock Market Upswing: What Investors Need to Know - Yahoo Finance

Wed, 27 Mar 2024
Public Employees Retirement System of Ohio Cuts Position in Covenant Logistics Group, Inc. (NASDAQ:CVLG) - Defense World

Wed, 27 Mar 2024
Covenant Logistics Group, Inc. (NASDAQ:CVLG) Holdings Lifted by American Century Companies Inc. - Defense World

Mon, 25 Mar 2024
Why Covenant Logistics (CVLG) Should Grace Your Portfolio - Yahoo Movies UK

Mon, 25 Mar 2024
Legato Capital Management LLC Purchases Shares of 11067 Covenant Logistics Group, Inc. (NASDAQ:CVLG) - Defense World

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Neutral
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NASDAQ
Sector:
Industrials
Industry:
Trucking
Shares Out 11 (M)
Shares Float 9 (M)
Held by Insiders 27.5 (%)
Held by Institutions 65.5 (%)
Shares Short 79 (K)
Shares Short P.Month 100 (K)
Stock Financials
EPS 3.95
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 30.86
Profit Margin 5 %
Operating Margin 5.3 %
Return on Assets (ttm) 3.5 %
Return on Equity (ttm) 14 %
Qtrly Rev. Growth -7.5 %
Gross Profit (p.s.) 0
Sales Per Share 102.61
EBITDA (p.s.) 11.11
Qtrly Earnings Growth 12.1 %
Operating Cash Flow 85 (M)
Levered Free Cash Flow -148 (M)
Stock Valuations
PE Ratio 11.73
PEG Ratio 2.1
Price to Book value 1.5
Price to Sales 0.45
Price to Cash Flow 5.85
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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