Currently, there are 81.46M common shares owned by the public and among those 57.45M shares have been available to trade.
The company’s stock has a 5-day price change of -5.60% and -10.23% over the past three months. MRTN shares are trading -16.78% year to date (YTD), with the 12-month market performance down to -26.82% lower. It has a 12-month low price of $12.52 and touched a high of $19.26 over the same period. MRTN has an average intraday trading volume of 520.34K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.66%, -2.77%, and -16.70% respectively.
Institutional ownership of Marten Transport, Ltd (NASDAQ: MRTN) shares accounts for 71.38% of the company’s 81.46M shares outstanding.
It has a market capitalization of $1.06B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 48.96, while the earnings-per-share (ttm) stands at $0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.07% over the week and 2.05% over the month.
Analysts forecast that Marten Transport, Ltd (MRTN) will achieve an EPS of 0.08 for the current quarter, 0.09 for the next quarter and 0.51 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.07 while analysts give the company a high EPS estimate of 0.07. Comparatively, EPS for the current quarter was 0.1 a year ago. Earnings per share for the fiscal year are expected to decrease by -3.30%, and 62.47% over the next financial year.
Vertical Research coverage for the Marten Transport, Ltd (MRTN) stock in a research note released on July 09, 2024 offered a Hold rating with a price target of $19. Raymond James was of a view on May 15, 2024 that the stock is Outperform, while Vertical Research gave the stock Buy rating on January 10, 2024, issuing a price target of $25. Vertical Research on their part issued Hold rating on August 17, 2022.
