Covenant Logistics Number Of Shares Shorted vs. Gross Profit

CVLG Stock  USD 58.71  0.36  0.62%   
Based on Covenant Logistics' profitability indicators, Covenant Logistics' profitability may be sliding down. It has an above-average risk of reporting lower numbers next quarter. Profitability indicators assess Covenant Logistics' ability to earn profits and add value for shareholders. The Covenant Logistics' current Operating Cash Flow Sales Ratio is estimated to increase to 0.10, while Price To Sales Ratio is projected to decrease to 0.50. At this time, Covenant Logistics' Income Before Tax is most likely to increase significantly in the upcoming years. The Covenant Logistics' current Total Other Income Expense Net is estimated to increase to about 14.1 M, while Interest Income is projected to decrease to roughly 2.7 M.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.140.1488
Notably Down
Slightly volatile
For Covenant Logistics profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Covenant Logistics to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Covenant Logistics Group, utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Covenant Logistics's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Covenant Logistics Group, over time as well as its relative position and ranking within its peers.
  

Covenant Logistics' Revenue Breakdown by Earning Segment

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Is Cargo Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Covenant Logistics. If investors know Covenant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Covenant Logistics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
0.44
Earnings Share
2.97
Revenue Per Share
86.188
Quarterly Revenue Growth
(0)
The market value of Covenant Logistics Group, is measured differently than its book value, which is the value of Covenant that is recorded on the company's balance sheet. Investors also form their own opinion of Covenant Logistics' value that differs from its market value or its book value, called intrinsic value, which is Covenant Logistics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Covenant Logistics' market value can be influenced by many factors that don't directly affect Covenant Logistics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Covenant Logistics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Covenant Logistics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Covenant Logistics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Covenant Logistics Group, Gross Profit vs. Number Of Shares Shorted Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Covenant Logistics's current stock value. Our valuation model uses many indicators to compare Covenant Logistics value to that of its competitors to determine the firm's financial worth.
Covenant Logistics Group, is rated below average in number of shares shorted category among its peers. It also is rated below average in gross profit category among its peers fabricating about  1,852  of Gross Profit per Number Of Shares Shorted. At this time, Covenant Logistics' Gross Profit is most likely to increase significantly in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Covenant Logistics by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Covenant Gross Profit vs. Number Of Shares Shorted

Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

Covenant Logistics

Shares Shorted

 = 

Shorted by Public

+

by Institutions

 = 
128.54 K
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Covenant Logistics

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
238.11 M
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

Covenant Gross Profit Comparison

Covenant Logistics is currently under evaluation in gross profit category among its peers.

Covenant Logistics Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Covenant Logistics, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Covenant Logistics will eventually generate negative long term returns. The profitability progress is the general direction of Covenant Logistics' change in net profit over the period of time. It can combine multiple indicators of Covenant Logistics, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income816 K856.8 K
Operating Income58.8 M61.8 M
Income Before Tax72.2 M75.9 M
Total Other Income Expense Net13.4 M14.1 M
Net Income54.6 M57.4 M
Income Tax Expense17.6 M18.5 M
Net Interest Income-6.4 M-6.7 M
Interest Income4.7 M2.7 M
Net Income From Continuing Ops53.3 M45.2 M
Net Income Applicable To Common Shares125 M131.2 M
Non Operating Income Net Other17 M10.3 M
Change To Netincome-35 M-33.3 M
Net Income Per Share 4.23  4.44 
Income Quality 1.55  1.41 
Net Income Per E B T 0.76  0.52 

Covenant Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Covenant Logistics. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Covenant Logistics position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Covenant Logistics' important profitability drivers and their relationship over time.

Use Covenant Logistics in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Covenant Logistics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Covenant Logistics will appreciate offsetting losses from the drop in the long position's value.

Covenant Logistics Pair Trading

Covenant Logistics Group, Pair Trading Analysis

The ability to find closely correlated positions to Covenant Logistics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Covenant Logistics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Covenant Logistics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Covenant Logistics Group, to buy it.
The correlation of Covenant Logistics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Covenant Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Covenant Logistics Group, moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Covenant Logistics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Covenant Logistics position

In addition to having Covenant Logistics in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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When determining whether Covenant Logistics Group, is a strong investment it is important to analyze Covenant Logistics' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Covenant Logistics' future performance. For an informed investment choice regarding Covenant Stock, refer to the following important reports:
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You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
To fully project Covenant Logistics' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Covenant Logistics Group, at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Covenant Logistics' income statement, its balance sheet, and the statement of cash flows.
Potential Covenant Logistics investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Covenant Logistics investors may work on each financial statement separately, they are all related. The changes in Covenant Logistics's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Covenant Logistics's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.