Daseke Inc. (DSKE) looking to reclaim success with recent performance

Daseke Inc. (NASDAQ: DSKE) stock jumped 0.37% on Friday to $5.47 against a previous-day closing price of $5.45. With 0.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.28 million shares. During the session, the Trucking company that operates in wider Industrials sector, reached to the highest price of $5.53 whereas the lowest price it dropped to was $5.38. The 52-week range on DSKE shows that it touched its highest point at $9.57 and its lowest point at $4.69 during that stretch. It currently has a 1-year price target of $9.83. Beta for the stock currently stands at 1.96.

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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 DSKE was up-trending over the past week, with a rise of 0.83%, but this was up by 2.82% over a month. Three-month performance dropped to -24.34% while six-month performance fell -24.45%. The stock lost -10.03% in the past year, while it has lost -3.87% so far this year. A look at the trailing 12-month EPS for DSKE yields 0.28 with Next year EPS estimates of 0.55. For the next quarter, that number is 0.12. This implies an EPS growth rate of -9.80% for this year and 358.33% for next year. EPS is expected to grow by 25.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 25.90%.

Float and Shares Shorts:

At present, 45.52 million DSKE shares are outstanding with a float of 38.04 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.86 million, which was 1.87% higher than short shares on Jul 30, 2023. In addition to Mr. Jonathan M. Shepko as the firm’s CEO & Director, Mr. Don R. Daseke serves as its Founder & Chairman Emeritus.

Institutional Ownership:

Through their ownership of 58.19% of DSKE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.45% of DSKE, in contrast to 28.37% held by mutual funds. Shares owned by individuals account for 26.16%. As the largest shareholder in DSKE with 5.94% of the stake, BlackRock Fund Advisors holds 2,723,826 shares worth 2,723,826. A second-largest stockholder of DSKE, The Vanguard Group, Inc., holds 2,365,900 shares, controlling over 5.16% of the firm’s shares. Charles Schwab Investment Managem is the third largest shareholder in DSKE, holding 2,348,542 shares or 5.12% stake. With a 3.16% stake in DSKE, the Schwab Fundamental US Small Compa is the largest stakeholder. A total of 1,449,797 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.00% of DSKE stock, is the second-largest Mutual Fund holder. It holds 1,376,571 shares valued at 7.3 million. iShares Russell 2000 ETF holds 2.02% of the stake in DSKE, owning 926,722 shares worth 4.91 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, DSKE reported revenue of $481.30M and operating income of $38.60M. The EBITDA in the recently reported quarter was $61.40M and diluted EPS was $0.24.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DSKE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DSKE analysts setting a high price target of $11.00 and a low target of $8.50, the average target price over the next 12 months is $9.83. Based on these targets, DSKE could surge 101.1% to reach the target high and rise by 55.39% to reach the target low. Reaching the average price target will result in a growth of 79.71% 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.

Summary of Insider Activity:

Insiders traded DSKE stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 100,000 shares were bought while 26,191 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 1,020,836 while 347,111 shares were sold.

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