Fact Check: What’s up with U.S. Xpress Enterprises, Inc. (USX) today

The biggest gainers of the session on the Wall Street include U.S. Xpress Enterprises, Inc. (NYSE:USX), which rose 0.32 points or 7.34% to trade at $4.68 as last check. The stock closed last session at $4.36 and sets an active trading volume day with a reported 111710 contracts so far this session. USX shares had a relatively better volume day versus average trading capacity of 323.27 thousand shares, but with a 4.55 million float and a -1.8% 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 $7.31 per share. This means the stock has a potential increase of 56.2% from where the USX share price has been trading recently which is between $4.28 and $4.46.

During the recent trading session for U.S. Xpress Enterprises, Inc. (NYSE:USX), the company witnessed their stock rise $0.24 over a week and tumble down $-0.35 from the price 20 days ago. When compared to their established 52-week high of $11.58, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 10/16/18. The recent low of $3.37 stood for a -60.74% since 08/23/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for U.S. Xpress Enterprises, Inc., the two-week RSI stands at 55.13. 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 30.89% 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 $4.45/share to $4.55/share level. However, if the stock price goes below the $4.27 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 $4.19 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.02. 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 Morgan Stanley lifted target price for shares of USX but were stick to Overweight recommendation for the stock in their opinion released on August 15. The price target has been raised from $20 to $10. BofA/Merrill analysts have lowered their rating of U.S. Xpress Enterprises, Inc. (NYSE:USX) stock from Buy to Neutral in a separate flash note issued to investors on July 12. Analysts at Stephens lowered the stock to a Equal-Weight call from its previous Overweight recommendation, in a research note that dated back to July 01.

USX equity has an average rating of 2.09, with the figure leaning towards a bullish end. 4 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 2 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. 2 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 6.57X forward 12-month Consensus EPS estimates, and its P/E ratio is 5.4 while for the average stock in the same group, the multiple is 22.6. U.S. Xpress Enterprises, Inc. current P/B ratio of 0.9 means it is trading at a discount against its industry’s 2.2.