Why is Covenant Transportation Group, Inc. (CVTI) down -42.31% from the day 1 this year?

At the end of the latest market close, Covenant Transportation Group, Inc. (CVTI) was valued at $12.91. In that particular session, Stock kicked-off at the price of $13.79 while reaching the peak value of $15.29 and lowest value recorded on the day was $13.46. The stock current value is $14.08.

Covenant Transportation Group, Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $24.99 on 02/20/19, with the lowest value was $12.35 for the same time period, recorded on 01/07/20.

Covenant Transportation Group, Inc. (CVTI) full year performance was -42.31%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Covenant Transportation Group, Inc. shares are logging -43.66% during the 52-week period from high price, and 14.05% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $12.35 and $24.99.

The company’s shares, operating in the sector of services managed to top a trading volume set approximately around 237266 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the company recorded performance in the market was -0.12%, having the revenues showcasing -21.28% on a quarterly basis in comparison with the same period the last year. At the time of this writing, the total market value of the company is set at 235.61M, with the company having 5500 employees.

Specialists analysis on Covenant Transportation Group, Inc. (CVTI)

During the last month, 1 analysts gave the stock a BUY rating, 0 of the polled analysts consider the stock should have been awarded an OVERWEIGHT rating, 3 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 14.79, with a change in the price was noted -0.32. In a similar fashion, Covenant Transportation Group, Inc. posted a movement of -2.23% for the period of last 100 days, recording 131,605 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity. The total Debt to Equity ratio for CVTI is recording 0.90 concluded with the time of this writing. In addition, long term Debt to Equity ratio is set at 0.74.

Trends and Technical analysis: Covenant Transportation Group, Inc. (CVTI)

Raw Stochastic average of Covenant Transportation Group, Inc. in the period of last 50 days is set at 53.85%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 58.23%. In the last 20 days, the company’s Stochastic %K was 42.06% and its Stochastic %D was recorded 48.93%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Price performance for year-to-date for the company’s stock appears to be encouraging, given the fact the metric is recording -0.12%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -15.34%, alongside a downfall of -42.31% for the period of the last 12 months. The shares increased approximately by 4.97% in the 7-day charts and went down by -7.59% in the period of the last 30 days. Common stock shares were lifted by -21.28% for the with last recorded quarter.