Yellow Corporation (NASDAQ: YELL) stock jumped 3.52% on Friday to $4.71 against a previous-day closing price of $4.55. With 1.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.21 million shares. During the session, the Trucking company that operates in wider Industrials sector, reached to the highest price of $4.8300 whereas the lowest price it dropped to was $4.5650. The 52-week range on YELL shows that it touched its highest point at $15.24 and its lowest point at $2.82 during that stretch. It currently has a 1-year price target of $8.83. Beta for the stock currently stands at 3.27.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of YELL was up-trending over the past week, with a rise of 8.28%, but this was up by 47.19% over a month. Three-month performance surged to 2.39% while six-month performance fell -57.34%. The stock lost -13.10% in the past year, while it has lost -62.59% so far this year. A look at the trailing 12-month EPS for YELL yields -1.44 with Next year EPS estimates of 0.65. For the next quarter, that number is 0.45. This implies an EPS growth rate of -67.60% for this year and -16.09% for next year.
Float and Shares Shorts:
At present, 51.09 million YELL shares are outstanding with a float of 50.05 million shares on hand for trading. On Jul 14, 2022, short shares totaled 2.97 million, which was 5.76% higher than short shares on Jun 14, 2022. In addition to Mr. Darren D. Hawkins as the firm’s CEO & Director, Mr. Darrel J. Harris serves as its Pres & COO.
Through their ownership of 51.39% of YELL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 5.90% of YELL, in contrast to 38.75% held by mutual funds. Shares owned by individuals account for 12.09%. As the largest shareholder in YELL with 5.64% of the stake, BlackRock Fund Advisors holds 2,904,487 shares worth 2,904,487. A second-largest stockholder of YELL, The Vanguard Group, Inc., holds 2,561,846 shares, controlling over 4.97% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in YELL, holding 2,497,242 shares or 4.85% stake. With a 2.79% stake in YELL, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,438,436 shares are owned by the mutual fund manager. The Schwab Fundamental US Small Compa, which owns about 0.91% of YELL stock, is the second-largest Mutual Fund holder. It holds 467,911 shares valued at 1.37 million. Vanguard Extended Market Index Fu holds 0.89% of the stake in YELL, owning 458,062 shares worth 1.34 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for YELL since 4 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With YELL analysts setting a high price target of $13.00 and a low target of $6.00, the average target price over the next 12 months is $9.33. Based on these targets, YELL could surge 176.01% to reach the target high and rise by 27.39% to reach the target low. Reaching the average price target will result in a growth of 98.09% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. YELL will report FY 2022 earnings on 02/02/2023. Analysts have provided yearly estimates in a range of $0.90 being high and $0.57 being low. For YELL, this leads to a yearly average estimate of $0.78. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Yellow Corporation surprised analysts by -$0.14 when it reported -$0.54 EPS against a consensus estimate of -$0.40. The surprise factor in the prior quarter was $0.43. Based on analyst estimates, the high estimate for the next quarter is $0.58 and the low estimate is $0.35. The average estimate for the next quarter is thus $0.45.
Summary of Insider Activity:
Insiders traded YELL stock several times over the past three months with 11 Buys and 0 Sells. In these transactions, 176,994 shares were bought while 0 shares were sold. The number of buy transactions has increased to 35 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 1,116,464 while 123,192 shares were sold.