Covenant Logistics Group Stock Beneish M Score
| CV5 Stock | EUR 53.00 1.00 1.92% |
Covenant |
At this time, Covenant Logistics' M Score is inapplicable. The earnings manipulation may begin if Covenant Logistics' top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Covenant Logistics executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Covenant Logistics' earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
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About Covenant Logistics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Covenant Logistics Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Covenant Logistics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Covenant Logistics Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Other Information on Investing in Covenant Stock
Covenant Logistics financial ratios help investors to determine whether Covenant Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Covenant with respect to the benefits of owning Covenant Logistics security.