While Saia Inc. has overperformed by 2.88%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SAIA rose by 93.30%, with highs and lows ranging from $628.34 to $244.69, whereas the simple moving average jumped by 19.02% in the last 200 days.
On April 11, 2024, Wolfe Research Downgraded Saia Inc. (NASDAQ: SAIA) to Peer Perform. A report published by JP Morgan on March 11, 2024, Initiated its previous ‘Overweight’ rating for SAIA. Stifel also Downgraded SAIA shares as ‘Hold’, setting a target price of $526 on the company’s shares in a report dated February 06, 2024. BMO Capital Markets Initiated an Market Perform rating on November 22, 2023, and assigned a price target of $450. Stifel November 01, 2023d its ‘Hold’ rating to ‘Buy’ for SAIA, as published in its report on November 01, 2023. Susquehanna’s report from October 31, 2023 suggests a price prediction of $420 for SAIA shares, giving the stock a ‘Positive’ rating. Wolfe Research also rated the stock as ‘Outperform’.
Analysis of Saia Inc. (SAIA)
Further, the quarter-over-quarter increase in sales is 14.55%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Saia Inc.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 20.16% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.01, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and SAIA is recording an average volume of 300.60K. On a monthly basis, the volatility of the stock is set at 3.72%, whereas on a weekly basis, it is put at 5.18%, with a gain of 3.92% over the past seven days. Furthermore, long-term investors anticipate a median target price of $606.35, showing growth from the present price of $543.02, which can serve as yet another indication of whether SAIA is worth investing in or should be passed over.
How Do You Analyze Saia Inc. Shares?
Saia Inc. (SAIA) is based in the USA and is one of the most prominent companies operating in the Trucking market. When comparing Saia Inc. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 40.94, there is a growth in quarterly earnings of 25.48%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.24%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 106.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SAIA shares are owned by institutional investors to the tune of 106.00% at present.
