12-month Target Price for Covenant Logistics Group Inc. (CVLG) Reaches at $23.50

Covenant Logistics Group Inc. (CVLG) share price plummeted -8.38% with the closing price of $18.27 on Friday. Covenant Logistics Group Inc. stock has an exchanging volume of 0.17 million shares, which is high, contrasted with its 3-months average volume of 138.02K shares. Its market capitalization has now reached to $321.37M and analysts have a consensus target price of $23.50 in the 12-month period.

Covenant Logistics Group, Inc. Announces Timing of Third Quarter Earnings Release and Conference Call on October 1, 2020 news published at Yahoo.

Covenant Logistics Group, Inc. (CVLG) reported it plans to release its third quarter earnings after 4:00 p.m. Eastern time on Monday, October 26, 2020. Covenant Logistics Group, Inc. will hold a live conference call to discuss its third quarter earnings release on Tuesday, October 27, at 10:00 a.m. Eastern time. Individuals with questions may dial in at 877-271-1828 (U.S./Canada) and 800-756-3333 (International), access code 41886958. An audio replay will be available for one week following the call at 877-919-4059, access code 18118000. In addition, you will be able to listen to the audio replay for an extended period of time on our investor website, under the icon “Audio Archives”.

CVLG Past Trading Activity

The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, CVLG price has rose by 2.30%. In the course of past three months sees the stock go up around 5.42%, while it has gain 143.60% over the past six months and 41.35% since the start of the year.

CVLG Earning History

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Sep 2020), the firm recorded a revenue of 191.69 billion, which was higher than the gauge of 209.55M made by certain experts. For that equivalent quarter, Covenant Logistics Group Inc. posted $0.03 earnings per share (EPS) which was above the consensus estimate of $0.01 by $0.02, which represents to an expansion by 200.00%.

CVLG Price Performance

Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Covenant Logistics Group Inc. has seen its stock exchanging -11.74% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +21.72% above its three-month low. A more extensive look sees CVLG exchanging -11.74% beneath its 52-week high and 179.36% above from its 52-week low price.

CVLG Instability & Beta Factor

The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 7.08%, while it has a month to month instability of 5.70%. The company has an ATR (Average True Range) of 1.04 and a beta factor of 1.57.

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