Freightcar America Stock Today

RAIL Stock  USD 3.85  0.04  1.03%   

Performance

18 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 26

 
100  
 
Zero
Below Average
Freightcar America is selling for 3.85 as of the 29th of March 2024. This is a -1.03 percent decrease since the beginning of the trading day. The stock's lowest day price was 3.83. Freightcar America has about a 26 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat solid performance during the last 90 days. Equity ratings for Freightcar America are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
6th of April 2005
Category
Industrials
FreightCar America, Inc., through its subsidiaries, designs, manufactures, and sells railcars and railcar components for the transportation of bulk commodities and containerized freight products primarily in North America. FreightCar America, Inc. was founded in 1901 and is headquartered in Chicago, Illinois. The company has 18.35 M outstanding shares of which 250.28 K shares are at this time shorted by private and institutional investors with about 8.12 trading days to cover. More on Freightcar America

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Freightcar Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Freightcar America's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Freightcar America or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOJoseph McNeely
Thematic IdeaShipbuilding Railroad Equipment (View all Themes)
Business ConcentrationConstruction Machinery & Heavy Transportation Equipment, Capital Goods, Industrials, NASDAQ Composite, NASDAQ Composite Total, Shipbuilding Railroad Equipment, Industrials, Machinery, Railroads, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Freightcar America report their recommendations after researching Freightcar America's financial statements, talking to executives and customers, or listening in on Freightcar America's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Freightcar America. The Freightcar consensus assessment is calculated by taking the average forecast from all of the analysts covering Freightcar America.
Financial Strength
Based on the key measurements obtained from Freightcar America's financial statements, Freightcar America may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Freightcar America is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.781.3802
Significantly Up
Very volatile
Total Current Liabilities144.2 M137.4 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total90.4 M168.3 M
Way Down
Slightly volatile
Total Assets235.4 M259.5 M
Moderately Down
Slightly volatile
Total Current Assets208.9 M180.4 M
Fairly Up
Pretty Stable
Freightcar America's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Freightcar America's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Freightcar America's financial leverage. It provides some insight into what part of Freightcar America's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Freightcar America's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Freightcar America deploys its capital and how much of that capital is borrowed.
Liquidity
Freightcar America cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 73.85 M in liabilities with Debt to Equity (D/E) ratio of 2.8, implying the company greatly relies on financing operations through barrowing. Freightcar America has a current ratio of 1.72, which is within standard range for the sector. Debt can assist Freightcar America until it has trouble settling it off, either with new capital or with free cash flow. So, Freightcar America's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Freightcar America sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Freightcar to invest in growth at high rates of return. When we think about Freightcar America's use of debt, we should always consider it together with cash and equity.

Net Income

(22.41 Million)
Freightcar America (RAIL) is traded on NASDAQ Exchange in USA. It is located in 125 South Wacker Drive, Chicago, IL, United States, 60606 and employs 2,023 people. Freightcar America is listed under Construction Machinery & Heavy Transportation Equipment category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 71.64 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Freightcar America's market, we take the total number of its shares issued and multiply it by Freightcar America'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. Freightcar America conducts business under Machinery sector and is part of Industrials industry. The entity has 18.35 M outstanding shares of which 250.28 K shares are at this time shorted by private and institutional investors with about 8.12 trading days to cover. Freightcar America currently holds about 17.6 M in cash with 4.77 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.05.
Check Freightcar America Probability Of Bankruptcy
Ownership Allocation
Freightcar America retains a total of 18.35 Million outstanding shares. Freightcar America retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Freightcar Ownership Details

Freightcar Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Freightcar America jumping above the current price in 90 days from now is near 1%. The Freightcar America probability density function shows the probability of Freightcar America stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Freightcar America has a beta of 0.8934 indicating Freightcar America market returns are very sensitive to returns on the market. As the market goes up or down, Freightcar America is expected to follow. Additionally, freightcar America has an alpha of 0.5246, implying that it can generate a 0.52 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 3.85HorizonTargetOdds Above 3.85
99.03%90 days
 3.85 
0.96%
Based on a normal probability distribution, the odds of Freightcar America to move above the current price in 90 days from now is near 1 (This Freightcar America probability density function shows the probability of Freightcar Stock to fall within a particular range of prices over 90 days) .

Freightcar Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Freightcar America that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Freightcar America's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Freightcar America's value.
InstituionRecorded OnShares
State Street Corporation2023-12-31
42.8 K
Northern Trust Corp2023-12-31
34.1 K
Renaissance Technologies Corp2023-12-31
32.8 K
Citadel Advisors Llc2023-09-30
27.7 K
Dimensional Fund Advisors, Inc.2023-12-31
24.1 K
Millennium Management Llc2023-12-31
12.6 K
Bank Of America Corp2023-12-31
11.5 K
Wells Fargo & Co2023-12-31
10.1 K
Jpmorgan Chase & Co2023-12-31
7.5 K
Allianz Asset Management Ag2023-12-31
1.5 M
Minerva Advisors Llc2023-12-31
785.7 K
View Freightcar America Diagnostics

Freightcar America Historical Income Statement

Freightcar America Income Statement is one of the three primary financial statements used for reporting Freightcar's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Freightcar America revenue and expense. Freightcar America Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Freightcar America's Selling General Administrative is quite stable compared to the past year. Non Operating Income Net Other is expected to rise to about 4.7 M this year, although the value of Operating Income will most likely fall to about 5.3 M. View More Fundamentals

Freightcar Stock Against Markets

Picking the right benchmark for Freightcar America stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Freightcar America stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Freightcar America is critical whether you are bullish or bearish towards Freightcar America at a given time. Please also check how Freightcar America's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Freightcar America without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Freightcar America Corporate Directors

Freightcar America corporate directors refer to members of a Freightcar America board of directors. The board of directors generally takes responsibility for the Freightcar America's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Freightcar America's board members must vote for the resolution. The Freightcar America board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Elizabeth ArnoldIndependent DirectorProfile
Thomas MaddenIndependent DirectorProfile
Andrew SchmittIndependent DirectorProfile
S SoderstromIndependent DirectorProfile

How to buy Freightcar Stock?

Before investing in Freightcar America, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Freightcar America. To buy Freightcar America stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Freightcar America. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Freightcar America stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Freightcar America stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Freightcar America stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Freightcar America, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Freightcar Stock please use our How to Invest in Freightcar America guide.

Already Invested in Freightcar America?

The danger of trading Freightcar America is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Freightcar America is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Freightcar America. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Freightcar America is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Freightcar America is a strong investment it is important to analyze Freightcar America's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Freightcar America's future performance. For an informed investment choice regarding Freightcar Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Freightcar America. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy Freightcar Stock please use our How to buy in Freightcar Stock guide.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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When running Freightcar America's price analysis, check to measure Freightcar America's 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 Freightcar America is operating at the current time. Most of Freightcar America's value examination focuses on studying past and present price action to predict the probability of Freightcar America's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Freightcar America's price. Additionally, you may evaluate how the addition of Freightcar America to your portfolios can decrease your overall portfolio volatility.
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Is Freightcar America's 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 Freightcar America. If investors know Freightcar 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 Freightcar America listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.16)
Revenue Per Share
12.624
Quarterly Revenue Growth
(0.02)
Return On Assets
0.0368
Return On Equity
(5.44)
The market value of Freightcar America is measured differently than its book value, which is the value of Freightcar that is recorded on the company's balance sheet. Investors also form their own opinion of Freightcar America's value that differs from its market value or its book value, called intrinsic value, which is Freightcar America's 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 Freightcar America's market value can be influenced by many factors that don't directly affect Freightcar America's 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 Freightcar America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Freightcar America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Freightcar America's 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.