An interesting stock that came up in some of our conversations today is U.S. Xpress Enterprises, Inc. (NYSE:USX). At current price of $6.4, the shares have already added 0.27 points (4.4% higher) from its previous close of $6.13. Should you buy or avoid them? The stock sets an active trading volume day with a reported 284379 contracts so far this session. USX shares had a relatively better volume day versus average trading capacity of 270.67 thousand shares, but with a 20.34 million float and a 3.72% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for USX stock indicates that the average analyst price target is $13.8 per share. This means the stock has a potential increase of 115.63% from where the USX share price has been trading recently which is between $5.97 and $6.16. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $9.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “U.S. Xpress Expands Full Ride College Scholarship Program to Include Technicians and Their Dependents” and dated May 16, 2019.
Looking at the current readings for U.S. Xpress Enterprises, Inc., the two-week RSI stands at 47.68. This figure suggests that USX stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current USX readings is similarly very revealing as it has a stochastic reading of 44.44% at this stage. This figure means that USX share price today is being neutral.
Technical chart claims that U.S. Xpress Enterprises, Inc. (USX) would settle between $6.2/share to $6.28/share level. However, if the stock price goes below the $6.01 mark, then the market for U.S. Xpress Enterprises, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $5.9 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.17. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at BofA/Merrill lifted target price for shares of USX but were stick to Buy recommendation for the stock in their opinion released on November 02. The price target has been raised from $20 to $15. Wolfe Research, analysts launched coverage of U.S. Xpress Enterprises, Inc. (NYSE:USX) stock with a Peer Perform recommendation, according to their flash note issued to investors on July 10. Analysts at Wells Fargo, made their first call for the equity with a Outperform recommendation, according to a research note that dated back to July 09.
USX equity has an average rating of 1.57, with the figure leaning towards a bullish end. 7 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 6 analysts rated U.S. Xpress Enterprises, Inc. (NYSE:USX) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, USX stock price is currently trading at 4.58X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.17 while for the average stock in the same group, the multiple is 1.63. U.S. Xpress Enterprises, Inc. current P/E ratio of 10.35 means it is trading at a discount against its industry’s 35.41. In the past 5 years, this ratio for the stock has been fluctuating between 10.89 and 10.89.
U.S. Xpress Enterprises, Inc. (USX)’s current-quarter revenues are projected to climb by nearly 0.57% to hit $452310, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 0.62% from $1.8 billion to a noteworthy $1.82 billion. At the other end of the current quarter income statement, U.S. Xpress Enterprises, Inc. is expected to see its adjusted earnings surge by roughly -67.95% to hit $0.25 per share. For the fiscal year, USX’s earnings are projected to climb by roughly -24.53% to hit $1.2 per share.