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Covenant Transportation Group Inc. (CVTI)

15.75   0.24 (1.55%) 02-21 16:00
Open: 15.44 Pre. Close: 15.51
High: 15.9 Low: 15.21
Volume: 142,977 Market Cap: 291M
Covenant Transportation Group Inc, together with its wholly-owned subsidiaries offers truckload transportation and freight brokerage services to customers throughout the continental United States.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 15.902 - 15.957 15.957 - 16.008
Low: 15.053 - 15.123 15.123 - 15.188
Close: 15.637 - 15.736 15.736 - 15.828

Technical analysis

as of: 2020-02-21 4:29:06 PM
Overall:       
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 18.57     One year: 21.69
Support: Support1: 13.47    Support2: 11.97
Resistance: Resistance1: 15.90    Resistance2: 18.57
Pivot: 13.52
Moving Average: MA(5): 14.67     MA(20): 13.58
MA(100): 14.16     MA(250): 15.99
MACD: MACD(12,26): 0.43     Signal(9): 0.13
Stochastic oscillator: %K(14,3): 96.89     %D(3): 93.49
RSI: RSI(14): 71.68
52-week: High: 24.30  Low: 11.97  Change(%): -34.8
Average Vol(K): 3-Month: 16097  10-Days: 15646

Price, moving averages and Bollinger Bands

Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
CVTI has closed above the upper band by 3.7%. If price is in a uptrend band; this upward trend in price might continue. However a short term pullback inside the band is likely.Bollinger Bands are 98.3% wider than normal. The large width of the bands suggest high volatility as compared to CVTI's normal range. The bands have been in this wide range for 1 bars. This is a sign that the current trend might continue.

Headline News

2020-02-17
Capacity Crunch Coming, Say Top Trucking Executives
A new capacity crunch is coming to the industry very soon, and that is a very good thing for rates and an industry that is struggling with an overcapacity situation. That is one of the takeaways from a conversation on Thursday with Joey Hogan, president and COO of Covenant Transport (NYSE: CVTI ), at the ACT Research Seminar 62 conference in Columbus, Indiana. Hogan was joined by Kevin Burch, president of Jet Express , as the duo discussed a range of topics from the economy to safety with Tim DeNoyer, vice president and senior analyst at ACT Research. "From a capacity standpoint, I can paint a picture that it's going to get really bad in April, the middle of May," Hogan said. To illustrate, he pointed to the timing of the coronavirus that shut down factories in China right after Chinese New Year had already shuttered facilities. The shutdowns have slowed goods movement from that country. The 5-year stock price trend for Covenant Transportation Group. ( SONAR: Stock.CVTI ) Hogan also pointed to the importance of May 15.

2020-01-27
Weekly Finance Report: Earnings Season In Session
During earnings season, FreightWaves will be covering many companies across all modes, as well as shippers and retailers. Each week we will recap the most interesting company earnings and any merger-and-acquisition activity in the past seven days. Take a look at the past week's finance recap: Earnings Truckload Heartland Express (NASDAQ: HTLD ) — 1/23/20 Heartland Express earnings miss partly related to recent acquisition HTLD operates at industry-leading efficiency with annual operating ratio (OR) levels typically well below 90%. This year was no different — Heartland remained below 90%, but its OR was 14.6% higher year-over-year due to the acquisition of Millis Transfer, which operated at a 90%-plus OR prior to the deal. 2019 was a year of strong top-line growth for HTLD — revenue up 13.8% — but earnings per share were down over 40% year-over-year. Marten Transport (NASDAQ: MRTN ) — 1/23/20 Truckload down, Dedicated up in Marten's fourth quarter Marten Transport rode strong results in its Dedicated and Brokerage divisions to post net income for the fourth quarter of 2019 that was stable for the period.

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
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Stock Basics & Statistics

Exchange:  Nasdaq Global Select
Sector:  Industrials
Industry:  Trucking
Shares Out. (M) 16.11
Shares Float (M) 12.71
% Held by Insiders 23.76
% Held by Institutions 76.64
Shares Short (K) 611
Shares Short P. Month (K)

Stock Financials

EPS 0.450
Book Value (p.s.) 18.870
PEG Ratio 3.84
Profit Margin 0.95
Operating Margin 1.79
Return on Assets (ttm)
Return on Equity (ttm) 2.5
Qtrly Rev. Growth -14.4
Gross Profit (p.s.) 11.551
Sales Per Share
EBITDA (p.s.) 6.065
Qtrly Earnings Growth -93.00
Operating Cash Flow (M)
Levered Free Cash Flow (M)

Stock Valuations

P/E 35.00
P/E Growth Ratio 0.02
P/BV 0.83
P/S 0.32
P/CF

Dividends & Splits

Dividend
Dividend Yield
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
Forward Dividend
Last Split Date
Last Split Ratio -1e+010
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