FreightCar America Inc. [RAIL] gain 55.19% so far this year. What now?

FreightCar America Inc. [NASDAQ: RAIL] closed the trading session at $3.74 on 01/20/21. The day’s price range saw the stock hit a low of $3.30, while the highest price level was $3.84. The company report on November 25, 2020 that FreightCar America, Inc. Announces Receipt of Stockholder Approval for Issuance of Warrant and Funding of New Term Loan.

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New secured term loan will bolster balance sheet and provide necessary capital to drive strategic growth.

FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”) announced that, at its Special Meeting of Stockholders (the “Special Meeting”), FreightCar America stockholders approved the issuance of a warrant under its previously announced new secured term loan facility with financing partner CO Finance LVS VI LLC (the “Lender”), as well as the funding of the term loan under the facility.

The stocks have a year to date performance of 55.19 percent and weekly performance of 29.86 percent. The stock has been moved at 147.68 percent over the last six months. The stock has performed 47.83 percent around the most recent 30 days and changed 49.60 percent over the most recent 3-months.

If compared to the average trading volume of 1.06M shares, RAIL reached to a volume of 1233904 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about FreightCar America Inc. [RAIL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RAIL shares is $2.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RAIL stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for FreightCar America Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on November 01, 2019. The new note on the price target was released on November 01, 2018, representing the official price target for FreightCar America Inc. stock. Previously, the target price had yet another raise from $15 to $19, while Stifel kept a Hold rating on RAIL stock. On May 07, 2018, analysts increased their price target for RAIL shares from 14 to 15.

The Average True Range (ATR) for FreightCar America Inc. is set at 0.27, with the Price to Sales ratio for RAIL stock in the period of the last 12 months amounting to 0.64. The Price to Book ratio for the last quarter was 0.97.

RAIL stock trade performance evaluation

FreightCar America Inc. [RAIL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 29.86. With this latest performance, RAIL shares gained by 47.83% in over the last four-week period, additionally plugging by 147.68% over the last 6 months – not to mention a rise of 106.63% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RAIL stock in for the last two-week period is set at 75.72, with the RSI for the last a single of trading hit 82.71, and the three-weeks RSI is set at 70.85 for FreightCar America Inc. [RAIL]. The present Moving Average for the last 50 days of trading for this stock 2.41, while it was recorded at 3.20 for the last single week of trading, and 1.83 for the last 200 days.

FreightCar America Inc. [RAIL]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and FreightCar America Inc. [RAIL] shares currently have an operating margin of -22.87 and a Gross Margin at -6.22. FreightCar America Inc.’s Net Margin is presently recorded at -32.69.

Return on Total Capital for RAIL is now -27.00, given the latest momentum, and Return on Invested Capital for the company is -40.12. Return on Equity for this stock declined to -48.38, with Return on Assets sitting at -28.11. When it comes to the capital structure of this company, FreightCar America Inc. [RAIL] has a Total Debt to Total Equity ratio set at 67.34. Additionally, RAIL Total Debt to Total Capital is recorded at 40.24, with Total Debt to Total Assets ending up at 32.19. Long-Term Debt to Equity for the company is recorded at 54.57, with the Long-Term Debt to Total Capital now at 32.61.

Reflecting on the efficiency of the workforce at the company, FreightCar America Inc. [RAIL] managed to generate an average of -$151,579 per employee. Receivables Turnover for the company is 18.24 with a Total Asset Turnover recorded at a value of 0.86.FreightCar America Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 1.10.

Earnings per share (EPS) analysis for FreightCar America Inc. [RAIL] stock

With the latest financial reports released by the company, FreightCar America Inc. posted -1.29/share EPS, while the average EPS was predicted by analysts to be reported at -0.59/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -118.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RAIL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for FreightCar America Inc. go to 3.00%.

FreightCar America Inc. [RAIL]: Insider Ownership positions

There are presently around $13 million, or 54.00% of RAIL stock, in the hands of institutional investors. The top three institutional holders of RAIL stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 454,560, which is approximately -28.74% of the company’s market cap and around 2.80% of the total institutional ownership; VANGUARD GROUP INC, holding 452,855 shares of the stock with an approximate value of $1.47 million in RAIL stocks shares; and FAIRFAX FINANCIAL HOLDINGS LTD/ CAN, currently with $1.46 million in RAIL stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in FreightCar America Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 10 institutional holders increased their position in FreightCar America Inc. [NASDAQ:RAIL] by around 139,772 shares. Additionally, 24 investors decreased positions by around 810,840 shares, while 6 investors held positions by with 2,945,757 shares. The mentioned changes placed institutional holdings at 3,896,369 shares, according to the latest SEC report filing. RAIL stock had 6 new institutional investments in for a total of 104,149 shares, while 10 institutional investors sold positions of 320,161 shares during the same period.

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