Old Dominion Freight Line, Inc. (NASDAQ: ODFL) Stock Increased 1.02% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) does about 1.44M shares in volume on a normal day but saw 1522495 shares change hands in Monday’s trading. The company now has a market cap of 39.55B USD. Its current market price is $182.02, marking a decrease of -1.63% compared to the previous close of $185.04. The 52 week high reached by this stock is $227.80 whilst the lowest price level in 52 weeks is $147.90.

Old Dominion Freight Line, Inc. (ODFL) has a 20-day trading average at $193.49 and the current price is -20.10% off the 52-week high compared with 23.07% distance from its 52-week low. The 50-day simple moving average of the closing price is $208.16 and its 200-day simple moving average is $203.92. If we look at the stock’s price movements over the week, volatility stands at 2.45%, which increases to 3.61% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 36.17 to suggest the stock is neutral.

The consensus objective for the share price is $210.01, suggesting that the stock has a potential upside of 13.33% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 08, 2024 when Robert W. Baird upgraded the stock to “Outperform” and issued a price target of $205. Vertical Research also upgraded the stock to “Hold” from Sell on April 29, 2024 at a price target of $175. TD Cowen reiterated its price target at $209-$206.

Old Dominion Freight Line, Inc. (ODFL) stock is up 1.02% over the week and -17.69% over the past month. Its price is -10.19% year-to-date and 17.27% over the past year.

To reach the target analysts have set, the stock logically needs to grow 13.33 percent from here.

The company has a return on investment of 27.94% and return on equity of 30.60%. The price to earnings ratio (P/E ratio) amounts to 32.05 while the forward price to earnings ratio is 25.36. The beta has a value of 1.04. Price to book ratio is 9.00 and price to sales ratio is 6.72.