Saia, Inc. (NASDAQ:SAIA) is one of the hottest stocks trading today on the U.S. Markets as the company shares are 8.26% or 5.75 points higher from last closing price of $69.63, reaching $75.38 at last check. Any clue why there is so much of action in the SAIA stock? The share price has risen in 4 of the last 5 days and is up 8.14% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 124,092 shares, and in total 398092 shares valued at $30.008 million were seen changing hands compared with 274000 shares valued at $19.079 million recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the SAIA stock.
Saia, Inc. (SAIA) shares have notched a 3-month gain of about 8.14%, but has still advanced 24.74% year to date. By comparison, the stock sank -4.49% over the past 12 months, while it jumped 7.67% over the 1 month. The company’s market cap is around $1.8B, with its short interest ratio standing at 14.23%.
In the current trading session for SAIA, the stock witnessed two major price actions, it rose to a high of $77.31 and was down as much as $72.6 at one point. The high recorded is very low when compared to their 52-week high which is $52.04. The 52-week high is now at -10.35 distance from current price. Their recent low of $83.75 represents a 44.27% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for SAIA is $73.91, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Saia, Inc. earned $4.03 per share in the trailing 12 months and has a P/E ratio of 18.7. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 15.02 and lower compared to the sector’s average of 23.91. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. SAIA also has P/S multiple of 1.17. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 1.74x.
The company recorded an interesting insider sale transaction by the VP on May 08, 2019. A Securities and Exchanges Commission filings show that Paul C Peck sold a total of 1,265 SAIA shares that day for a sum of around $86,020. The filings show that the insider now retains 1,128 shares, currently worth $85,029. Saia, Inc. (SAIA) insiders have acquired 6,531 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 1,265 shares. In total, individual insiders traded 7,796 shares in the business, which makes up 3.24% of 240,598 shares that were traded over a year. In the past 12 months, insiders have purchased 115,571 shares while the seller parted with 125,027 shares.
SAIA‘s last price was up 20.58% as compared to the average trading price of 50 days recorded at $62.51 while enlarging the period to 200 trading days, the average closing price was $63.41. At present, there are 25.87 million in the total number of common shares owned by the public and among those 25.67 million shares have been available to trade. The percentage of shares being held by the company management was 1% while institutions stake was 0%. The company has generated positive returns on equity over the last 12 months (15.6%). It managed to keep its gross profit margin at 80.3% over the past 12 months.
When assessing the full upside of the SAIA stock, there is another set of technicals that should be looked into and considered. Its 14.51% gain from moving average of $65.83 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.11 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Saia, Inc. — 7 analysts rate the stock as a buy with another 0 rating it strong buy. There are 4 analysts who maintain a hold rating for the stock, with 1 giving it a sell rating. Analysts arrived at a 12-month price target of $73.7 on shares of Saia, Inc. (NASDAQ:SAIA), which corresponds to 2.20% downside potential than its current market price of $75.38 and implies potential despite the recent advance in the price. However, their current target price has climbed from $71.8711 a month ago and is up handily from the consensus target of $71.8711 a quarter ago.
In the last five years, the EPS of the company has been roughly 18.2%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 11.55%. The revenue of the company has risen at an average annualized rate of about 7.7 over the last five years. The company recently recorded an increase of 4.5%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards SAIA stock. Aperio Group LLC added position in the company after it grew 3.6% or 16,986 shares of its common stock. The hedge fund now owns 17,597 shares worth $1,326,462, SEC documents show. BNP Paribas Arbitrage SA cut assets in the stock as 5826.03 shares have been sold, reducing its stake by -24.7% to 4,387 shares which are currently valued at $330,692. In addition, First Trust Advisors LP recently reported that it now owns 31,591 shares making a total of $2,381,330 based on the recent price. This refelects a change of 22.9% in their ownership.