Roadrunner Transportation Systems, Inc. (NYSE:RRTS) is -0.03 points lower today and the only thing that matters is where they go from here. You simply have to look deeper than the share price and explore the fundamentals and future growth potential. The stock value has plummeted by nearly -6.36% to $0.43 from its previous close of $0.46. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 202301 contracts so far this session. RRTS shares had a relatively better volume day versus average trading capacity of 1.25 million shares, but with a 0.91 billion float and a 18.91% run over a week, it’s definitely worth keeping an eye on. RRTS share price has been trading recently between $0.42 and $0.4591. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $0.6.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “What Happened With Roadrunner Transportation Today” and dated March 19, 2019.
During the recent trading session for Roadrunner Transportation Systems, Inc. (NYSE:RRTS), the company witnessed their stock rise $0.02 over a week and tumble down $-0.02 from the price 20 days ago. When compared to their established 52-week high of $3.48, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 03/07/18. The recent low of $0.39 stood for a -87.65% since 03/15/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.54 is also allocated to the stock. Since the beta is greater 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 Roadrunner Transportation Systems, Inc., the two-week RSI stands at 45.4. This figure suggests that RRTS 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 RRTS readings is similarly very revealing as it has a stochastic reading of 28.76% at this stage. This figure means that RRTS share price today is being overbought.
Technical chart claims that Roadrunner Transportation Systems, Inc. (RRTS) would settle between $0.47/share to $0.49/share level. However, if the stock price goes below the $0.43 mark, then the market for Roadrunner Transportation Systems, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $0.41 for its downside target.
Analysts at Robert W. Baird lowered their recommendation on shares of RRTS from Outperform to Neutral in their opinion released on February 01. Stifel analysts again handed out a Buy recommendation to Roadrunner Transportation Systems, Inc. (NYSE:RRTS) stock but they lifted target price for the shares in a flash note issued to investors on December 21. The target price has been raised from $11 to $12. Analysts at Deutsche Bank, made their first call for the equity with a Hold recommendation, according to a research note that dated back to November 02.
RRTS equity has an average rating of 3, with the figure leaning towards a bullish end. 1 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 0 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. 0 analysts rated Roadrunner Transportation Systems, Inc. (NYSE:RRTS) 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, RRTS stock price is currently trading at 11.48X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.19 while for the average stock in the same group, the multiple is 0.63.
Roadrunner Transportation Systems, Inc. (RRTS)’s current-quarter revenues are projected to climb by nearly -0.17% to hit $569000, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 2.49% from $2.22 billion to a noteworthy $2.27 billion. At the other end of the current quarter income statement, Roadrunner Transportation Systems, Inc. is expected to see its adjusted earnings surge by roughly 100% to hit $0 per share. For the fiscal year, RRTS’s earnings are projected to climb by roughly 100.25% to hit $0.01 per share.