The stock of USA Truck, Inc. (NASDAQ:USAK) hit a new 52-week low and has $7.68 target or 10.00% below today’s $8.53 share price. The 6 months bearish chart indicates high risk for the $70.24 million company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $7.68 price target is reached, the company will be worth $7.02M 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 31,327 shares traded hands. USA Truck, Inc. (NASDAQ:USAK) has declined 49.89% since March 14, 2016 and is downtrending. It has underperformed by 55.50% the S&P500.
Analysts await USA Truck, Inc. (NASDAQ:USAK) to report earnings on November, 2. They expect $0.17 earnings per share, down 60.47% or $0.26 from last year’s $0.43 per share. USAK’s profit will be $1.40 million for 12.54 P/E if the $0.17 EPS becomes a reality. After $-0.10 actual earnings per share 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. The stock of USA Truck, Inc. (NASDAQ:USAK) has “Sell” rating given on Thursday, April 7 by Stifel Nicolaus. The rating was maintained by Cowen & Co on Thursday, November 5 with “Outperform”. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, March 23. The stock of USA Truck, Inc. (NASDAQ:USAK) has “Hold” rating given on Wednesday, August 19 by Zacks.
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 2016 Q2. Its down 0.28, from 0.81 in 2016Q1. The ratio worsened, 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.
Morgan Stanley last reported 0% of its portfolio in the stock. Acadian Asset Mgmt Limited Com last reported 0.03% of its portfolio in the stock. The Japan-based Diam has invested 0% in USA Truck, Inc. (NASDAQ:USAK). Oxford Asset Mngmt holds 0.06% of its portfolio in USA Truck, Inc. (NASDAQ:USAK) for 83,428 shares. California State Teachers Retirement Sys holds 0% of its portfolio in USA Truck, Inc. (NASDAQ:USAK) for 18,790 shares. Renaissance Techs Ltd Liability Corporation has 0.01% invested in the company for 176,700 shares. D E Shaw & holds 0% of its portfolio in USA Truck, Inc. (NASDAQ:USAK) for 21,138 shares. Tower Research Capital Lc (Trc) last reported 0% of its portfolio in the stock. Aqr Management Ltd owns 45,403 shares or 0% of their US portfolio. Moreover, Wells Fargo Com Mn has 0% invested in USA Truck, Inc. (NASDAQ:USAK) for 3,769 shares. California Public Employees Retirement Sys has invested 0% of its portfolio in USA Truck, Inc. (NASDAQ:USAK). Moreover, Northern Corporation has 0% invested in USA Truck, Inc. (NASDAQ:USAK) for 112,780 shares. Mckinley Cap Ltd Liability Com Delaware reported 59,582 shares or 0.05% of all its holdings. Comml Bank Of Montreal Can has 0% invested in the company for 1,185 shares. Gsa Prtnrs Limited Liability Partnership holds 0.02% of its portfolio in USA Truck, Inc. (NASDAQ:USAK) for 24,800 shares.
Insider Transactions: Since May 9, 2016, the stock had 3 insider buys, and 0 insider sales for $69,958 net activity. 1,000 USA Truck, Inc. (NASDAQ:USAK) shares with value of $20,071 were bought by Chambers Mary Susan. Shares for $49,485 were bought by GLASER THOMAS M on Monday, June 6. 29 shares were bought by Faulkenberry Barbara J, worth $402.
More important recent USA Truck, Inc. (NASDAQ:USAK) news were published by: Wsj.com which released: “USA Truck Appoints DHL Veteran as CEO” on January 14, 2016, also Businesswire.com published article titled: “USA Truck to Present at Cowen and Company 9th Annual Global Transportation …”, Reuters.com published: “BRIEF-JPMorgan Chase reports 10.5 pct passive stake in USA Truck Inc” on September 08, 2016. More interesting news about USA Truck, Inc. (NASDAQ:USAK) was released by: Businesswire.com and their article: “USA Truck to Announce Third-Quarter Results on November 4, 2016” with publication date: October 14, 2016.
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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