Covenant Logistics Group Stock Analysis

Covenant Stock Analysis Notes

About 27.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.47. Some equities with similar Price to Book (P/B) outperform the market in the long run. Covenant Logistics has Price/Earnings To Growth (PEG) ratio of 1.24. The entity last dividend was issued on the 29th of February 2024. Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee. Covenant Logistics operates under Trucking classification in the United States and is traded on NASDAQ Exchange. It employs 3000 people. For more info on Covenant Logistics Group please contact John Tweed at 423 821 1212 or go to https://www.covenantlogistics.com.

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Covenant Largest EPS Surprises

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Covenant Stock Institutional Investors

Note, although Covenant Logistics' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Covenant Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 586.34 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Covenant Logistics's market, we take the total number of its shares issued and multiply it by Covenant Logistics's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Covenant Profitablity

The company has Profit Margin (PM) of 0.05 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.05 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.05.

Management Efficiency

Covenant Logistics has return on total asset (ROA) of 0.0351 % which means that it generated a profit of $0.0351 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.14 %, meaning that it created $0.14 on every $100 dollars invested by stockholders. Covenant Logistics' management efficiency ratios could be used to measure how well Covenant Logistics manages its routine affairs as well as how well it operates its assets and liabilities. The Covenant Logistics' current Return On Tangible Assets is estimated to increase to 0.07. The Covenant Logistics' current Return On Capital Employed is estimated to increase to 0.07. At this time, Covenant Logistics' Intangible Assets are most likely to increase significantly in the upcoming years. The Covenant Logistics' current Other Assets is estimated to increase to about 1.3 B, while Other Current Assets are projected to decrease to roughly 13.8 M.

Technical Drivers

As of the 23rd of April, Covenant Logistics shows the Standard Deviation of 1.84, risk adjusted performance of 0.0043, and Mean Deviation of 1.5. Covenant Logistics technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate thirteen technical drivers for Covenant Logistics Group, which can be compared to its peers. Please confirm Covenant Logistics standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Covenant Logistics is priced correctly, providing market reflects its regular price of 43.89 per share. Given that Covenant Logistics has information ratio of (0.05), we suggest you to validate Covenant Logistics Group's prevailing market performance to make sure the company can sustain itself at a future point.

Covenant Logistics Price Movement Analysis

Covenant Logistics Insider Trading Activities

Covenant Logistics Predictive Daily Indicators

Covenant Logistics Corporate Filings

Covenant Logistics Forecast Models

Covenant Logistics' time-series forecasting models are one of many Covenant Logistics' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Covenant Logistics' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Covenant Logistics prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Covenant shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Covenant Logistics. By using and applying Covenant Stock analysis, traders can create a robust methodology for identifying Covenant entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Covenant analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Covenant analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Covenant Logistics Group stock analysis indicators help investors evaluate how Covenant Logistics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Covenant Logistics shares will generate the highest return on investment. By understating and applying Covenant Logistics stock analysis, traders can identify Covenant Logistics position entry and exit signals to maximize returns.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Covenant Logistics Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

When running Covenant Logistics' price analysis, check to measure Covenant Logistics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Covenant Logistics is operating at the current time. Most of Covenant Logistics' value examination focuses on studying past and present price action to predict the probability of Covenant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covenant Logistics' price. Additionally, you may evaluate how the addition of Covenant Logistics to your portfolios can decrease your overall portfolio volatility.

Is Covenant Logistics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Covenant Logistics is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.