The Question Is Whether To Buy Or Not To Buy Construction Partners Inc (NASDAQ: ROAD)

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Wiregrass Construction Company, Inc. Announces Planned Management Transition.

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Stocks Info

Construction Partners Inc is listed on the NASDAQ as a member of the Industrials sector and is a part of the Engineering & Construction industry. The current market capitalization of Construction Partners Inc is $2.97B. A total of 0.54 million shares were traded on the day, compared to an average of 339.24K shares.

In the most recent transaction, SunTx Capital II Management Co sold 50,000 shares of ROAD for 44.21 per share on Dec 20 ’23. After the transaction, the Director now owns 128,134 company shares. In a previous transaction on Dec 14 ’23, Jennings Craig sold 22,500 shares at 43.53 per share. ROAD shares that Director owns now total 0.

Among the insiders who sold shares, Matteson Mark R disposed of 90,000 shares on Dec 13 ’23 at a per-share price of $43.49. This resulted in the Director holding 10,000 shares of ROAD after the transaction. In another insider transaction, Jennings Craig sold 25,000 shares at $43.09 per share on Dec 12 ’23. Company shares held by the Director now total 25,000.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, ROAD has a high of $57.50 and a low of $24.12.

As of this writing, ROAD has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.05 per share and a lower estimate of -$0.11. The company reported an EPS of $0.59 in the last quarter, which was 13.50% higher than expectations of $0.52.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ROAD’s latest balance sheet shows that the firm has $57.25M in Cash & Short Term Investments as of fiscal 2021. There were $222.87M in debt and $157.96M in liabilities at the time. Its Book Value Per Share was $9.87, while its Total Shareholder’s Equity was $408.90M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 ROAD is Buy with a score of 4.33.

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