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Monday, June 5, 2023

What Are The Chances Of U.S. Xpress Enterprises Inc. (NYSE: USX) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for U.S. Xpress Enterprises Inc. (USX) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $6.07. The U.S. Xpress Enterprises Inc. has recorded 542 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Knight-Swift Transportation Agrees to Acquire U.S. Xpress Enterprises for $6.15 Per Share.

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Stocks Info

As a NYSE listed company, USX falls under the Industrials sector while operating within the Trucking industry segment. At the end of the last regular session, the stock closed at $6.07 and fluctuated between $6.09 as its day high and $6.04 as its day low. The current market capitalization of U.S. Xpress Enterprises Inc. is $318.55M. A total of 0.56 million shares were traded on the day, compared to an average of 879.04K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, USX has seen 12 BUY and 2 SELL insider trades, representing the acquisition of 493,932 and the disposition of 305,569 shares. Over the last 12 months, there were 32 BUYs and 7 SELLs from insiders. Insiders purchased 881,442 shares during that period but sold 318,759.

In the most recent transaction, Pate Lisa M sold 300,000 shares of USX for 5.96 per share on Mar 22. After the transaction, the Trustee & Managing GP now owns 2,013,914 company shares. In a previous transaction on May 31, Johnson Bryan A. bought 7,500 shares at 2.96 per share. USX shares that Chief Transformation Officer owns now total 41,278.

Among the insiders who sold shares, Harwell Nathan H disposed of 10,097 shares on May 26 at a per-share price of $3.12. This resulted in the EVP, Chief Legal Off., Sec. holding 71,820 shares of USX after the transaction. In another insider transaction, FULLER MAX L bought 81,000 shares at $3.10 per share on May 19. Company shares held by the Executive Chairman now total 1,658,482.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for USX in the last 3 months, the mean price target is $6.10 with high estimates of $6.15 and low estimates of $6.00. In terms of 52-week highs and lows, USX has a high of $6.10 and a low of $1.34.

As of this writing, USX has an earnings estimate of -$0.25 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.17 per share and a lower estimate of -$0.33. The company reported an EPS of -$0.38 in the last quarter, which was -322.20% lower than expectations of -$0.09.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. USX’s latest balance sheet shows that the firm has $5.70M in Cash & Short Term Investments as of fiscal 2021. There were $668.89M in debt and $402.78M in liabilities at the time. Its Book Value Per Share was $4.63, while its Total Shareholder’s Equity was $278.29M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for USX is Buy with a score of 2.80.

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