Covenant Logistics Group, Stock Performance
| CVLG Stock | USD 58.80 0.89 1.54% |
On a scale of 0 to 100, Covenant Logistics holds a performance score of 7. The firm shows a Beta (market volatility) of 0.0507, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Covenant Logistics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Covenant Logistics is expected to be smaller as well. Please check Covenant Logistics' expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Covenant Logistics' price patterns will revert.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Covenant Logistics Group, are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite nearly unfluctuating essential indicators, Covenant Logistics may actually be approaching a critical reversion point that can send shares even higher in December 2024. ...more
Actual Historical Performance (%)
One Day Return (1.51) | Five Day Return 0.78 | Year To Date Return 28.06 | Ten Year Return 120.36 | All Time Return 196.97 |
Forward Dividend Yield 0.0075 | Payout Ratio 0.1089 | Forward Dividend Rate 0.44 | Dividend Date 2024-09-27 | Ex Dividend Date 2024-12-06 |
1 | Returns On Capital At Covenant Logistics Group Have Stalled | 09/12/2024 |
2 | Disposition of 1000 shares by Joey Hogan of Covenant Logistics subject to Rule 16b-3 | 09/20/2024 |
| Covenant Logistics dividend paid on 27th of September 2024 | 09/27/2024 |
3 | Covenant Logistics Non-GAAP EPS of 1.09 beats by 0.03, revenue of 287.88M misses by 8.34M | 10/23/2024 |
4 | Covenant Logistics Group Inc Stock Price Down 3.8 percent on Oct 24 | 10/24/2024 |
5 | Covenant Logistics Group Third Quarter 2024 Earnings Misses Expectations | 10/25/2024 |
6 | Disposition of 980 shares by Joey Hogan of Covenant Logistics subject to Rule 16b-3 | 10/30/2024 |
7 | Disposition of 9500 shares by David Parker of Covenant Logistics subject to Rule 16b-3 | 11/04/2024 |
8 | Weak Statutory Earnings May Not Tell The Whole Story For Covenant Logistics Group | 11/08/2024 |
9 | Disposition of 7000 shares by Moline Bradley A of Covenant Logistics at 59.6442 subject to Rule 16b-3 | 11/11/2024 |
10 | Disposition of 3000 shares by Moline Bradley A of Covenant Logistics at 60.474 subject to Rule 16b-3 | 11/12/2024 |
11 | Covenant Logistics director Joey Hogan sells 529,204 in stock | 11/14/2024 |
12 | Covenant Logistics Group, Inc. Short Interest Down 8.0 percent in October | 11/19/2024 |
13 | Covenant Logistics declares 0.11 dividend | 11/25/2024 |
| Begin Period Cash Flow | 68.7 M |
Covenant |
Covenant Logistics Relative Risk vs. Return Landscape
If you would invest 5,256 in Covenant Logistics Group, on August 30, 2024 and sell it today you would earn a total of 624.00 from holding Covenant Logistics Group, or generate 11.87% return on investment over 90 days. Covenant Logistics Group, is currently generating 0.198% in daily expected returns and assumes 2.0316% risk (volatility on return distribution) over the 90 days horizon. In different words, 18% of stocks are less volatile than Covenant, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Covenant Logistics Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Covenant Logistics' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Covenant Logistics Group,, and traders can use it to determine the average amount a Covenant Logistics' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0975
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Estimated Market Risk
| 2.03 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Covenant Logistics is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Covenant Logistics by adding it to a well-diversified portfolio.
Covenant Logistics Fundamentals Growth
Covenant Stock prices reflect investors' perceptions of the future prospects and financial health of Covenant Logistics, and Covenant Logistics fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Covenant Stock performance.
| Return On Equity | 0.1 | ||||
| Return On Asset | 0.0407 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.06 % | ||||
| Current Valuation | 1.04 B | ||||
| Shares Outstanding | 10.83 M | ||||
| Price To Earning | 7.43 X | ||||
| Price To Book | 1.80 X | ||||
| Price To Sales | 0.69 X | ||||
| Revenue | 1.1 B | ||||
| Gross Profit | 238.11 M | ||||
| EBITDA | 116.18 M | ||||
| Net Income | 54.63 M | ||||
| Cash And Equivalents | 4.46 M | ||||
| Cash Per Share | 0.31 X | ||||
| Total Debt | 293.46 M | ||||
| Debt To Equity | 0.31 % | ||||
| Current Ratio | 1.15 X | ||||
| Book Value Per Share | 32.74 X | ||||
| Cash Flow From Operations | 84.84 M | ||||
| Earnings Per Share | 2.92 X | ||||
| Market Capitalization | 774.96 M | ||||
| Total Asset | 954.44 M | ||||
| Retained Earnings | 378.92 M | ||||
| Working Capital | 15.65 M | ||||
About Covenant Logistics Performance
By analyzing Covenant Logistics' fundamental ratios, stakeholders can gain valuable insights into Covenant Logistics' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Covenant Logistics has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Covenant Logistics has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 1.88 | 1.79 | |
| Return On Tangible Assets | 0.07 | 0.07 | |
| Return On Capital Employed | 0.08 | 0.07 | |
| Return On Assets | 0.06 | 0.06 | |
| Return On Equity | 0.14 | 0.14 |
Things to note about Covenant Logistics Group, performance evaluation
Checking the ongoing alerts about Covenant Logistics for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Covenant Logistics Group, help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Covenant Logistics is unlikely to experience financial distress in the next 2 years | |
| Covenant Logistics has a strong financial position based on the latest SEC filings | |
| About 66.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from seekingalpha.com: Covenant Logistics declares 0.11 dividend |
- Analyzing Covenant Logistics' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Covenant Logistics' stock is overvalued or undervalued compared to its peers.
- Examining Covenant Logistics' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Covenant Logistics' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Covenant Logistics' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Covenant Logistics' stock. These opinions can provide insight into Covenant Logistics' potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Covenant Stock analysis
When running Covenant Logistics' price analysis, check to measure Covenant Logistics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Covenant Logistics is operating at the current time. Most of Covenant Logistics' value examination focuses on studying past and present price action to predict the probability of Covenant Logistics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Covenant Logistics' price. Additionally, you may evaluate how the addition of Covenant Logistics to your portfolios can decrease your overall portfolio volatility.
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