The stock of USA Truck, Inc. (NASDAQ:USAK) hit a new 52-week low and has $8.75 target or 13.00% below today’s $10.06 share price. The 5 months bearish chart indicates high risk for the $82.88M company. The 1-year low was reported on Oct, 10 by Barchart.com. If the $8.75 price target is reached, the company will be worth $10.77M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 12,470 shares traded hands. USA Truck, Inc. (NASDAQ:USAK) has declined 43.15% since March 7, 2016 and is downtrending. It has underperformed by 50.74% the S&P500.
Analysts await USA Truck, Inc. (NASDAQ:USAK) to report earnings on November, 2. They expect $0.17 EPS, down 60.47% or $0.26 from last year’s $0.43 per share. USAK’s profit will be $1.40 million for 14.79 P/E if the $0.17 EPS becomes a reality. After $-0.10 actual EPS reported by USA Truck, Inc. for the previous quarter, Wall Street now forecasts -270.00% EPS growth.
USA Truck, Inc. (NASDAQ:USAK) Ratings Coverage
Out of 2 analysts covering USA Truck (NASDAQ:USAK), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. USA Truck has been the topic of 4 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Cowen & Co maintained USA Truck, Inc. (NASDAQ:USAK) rating on Thursday, November 5. Cowen & Co has “Outperform” rating and $23.50 price target. Zacks upgraded USA Truck, Inc. (NASDAQ:USAK) on Wednesday, August 19 to “Hold” rating. The company was downgraded on Thursday, April 7 by Stifel Nicolaus. The stock of USA Truck, Inc. (NASDAQ:USAK) has “Hold” rating given on Wednesday, March 23 by Stifel Nicolaus.
According to Zacks Investment Research, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec.”
Insitutional Activity: The institutional sentiment decreased to 0.53 in Q2 2016. Its down 0.28, from 0.81 in 2016Q1. The ratio turned negative, as 10 funds sold all USA Truck, Inc. shares owned while 30 reduced positions. 10 funds bought stakes while 11 increased positions. They now own 5.26 million shares or 4.91% less from 5.53 million shares in 2016Q1.
The Massachusetts-based Acadian Asset Mgmt Lc has invested 0.03% in USA Truck, Inc. (NASDAQ:USAK). Panagora Asset Management accumulated 0% or 17,976 shares. Blackrock Advsrs Ltd Liability Corporation has 0% invested in the company for 5,066 shares. Savings Bank Of America De owns 4,555 shares or 0% of their US portfolio. Blackrock Invest Management Ltd Co has 37,459 shares for 0% of their US portfolio. The New York-based Blackrock has invested 0% in USA Truck, Inc. (NASDAQ:USAK). Teachers Advsr Inc holds 0% or 15,151 shares in its portfolio. Northern Trust Corporation last reported 112,780 shares in the company. Manufacturers Life Com The last reported 7,173 shares in the company. Price T Rowe Associates Md holds 0% or 12,600 shares in its portfolio. California State Teachers Retirement System has 18,790 shares for 0% of their US portfolio. Schwab Charles Investment Management Incorporated holds 0% of its portfolio in USA Truck, Inc. (NASDAQ:USAK) for 14,200 shares. Us National Bank & Trust De has 0% invested in the company for 45,777 shares. Fincl Bank Of New York Mellon has 43,054 shares for 0% of their US portfolio. Cornerstone Cap Management Hldg Ltd, a New York-based fund reported 19,200 shares.
Insider Transactions: Since May 9, 2016, the stock had 3 buys, and 0 selling transactions for $69,958 net activity. The insider Chambers Mary Susan bought $20,071. Faulkenberry Barbara J bought $402 worth of USA Truck, Inc. (NASDAQ:USAK) on Monday, August 15. 2,493 shares were bought by GLASER THOMAS M, worth $49,485 on Monday, June 6.
More recent USA Truck, Inc. (NASDAQ:USAK) news were published by: Reuters.com which released: “BRIEF-JPMorgan Chase reports 10.5 pct passive stake in USA Truck Inc” on September 08, 2016. Also Wsj.com published the news titled: “USA Truck Appoints DHL Veteran as CEO” on January 14, 2016. Bizjournals.com‘s news article titled: “USA Truck snags exec from rival company” with publication date: October 06, 2015 was also an interesting one.
USAK Company Profile
USA Truck, Inc., incorporated on September 29, 1986, is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Firm operates through two divisions: Trucking and Strategic Capacity Solutions (SCS). The Firm transports full dry van trailer loads of freight from origin to destination without intermediate stops or handling. The Firm offers a range of truckload and logistics services to a customer base that spans a range of industries. The Company’s fleet of approximately 1,832 tractors consists of 1,568 firm tractors and 264 independent contractor tractors. The Firm owns approximately 6,200 trailers. The Firm also transports general commodities into and out of Mexico by allowing through-trailer service from its terminal in Laredo, Texas.
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