Saia, Inc. | SAIA

Daily Technical Analysis of Saia, Inc.

Geez, brutal day for Saia, investors dumped shares on the market and there weren't too many buyers interested in picking them up which causes price to plunge. Negative outlook for the company may continue to hammer the stock. We'll see if we hit bottom here and get some buyers to come in fishing for value.

Currently SAIA isn't at a clear support/resistance line that seems tradable. But let's also consider momentum! Saia has had a nice run over the last year and provided good returns to shareholders. Over the previous year, the Transportation & Logistics company has grown 64.98 percent which isn't too bad. SAIA might find some support at the 417.84 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Saia By Price Target And Rating

The analysts feel fairly neutral on the prospects for Saia but a little more positive than negative. The current Analysts Sentiment Score is 37.91. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-04-11 The Goldman Sachs Group increased their price target by 12.5% to $567.00. On 2024-04-11 there was a downgrade announced by Wolfe Research from Outperform to Peer Perform. Benchmark provided a price target boost of 8.7% to $625.00 from $575.00 on 2024-03-21. JPMorgan Chase & Co. announced that they are initiating coverage with a rating of Overweight on 2024-03-11 and they set their price target at $676.00.Bank of America gave a boost to their price target and moved to $645.00 from $600.00 on 2024-03-05. Susquehanna boosted their price targ by 25% to $625.00 on 2024-02-08. Stifel Nicolaus downgraded from Buy to Hold on 2024-02-06 but also increased their price target by 8.68% to $526.00. On 2024-02-05 UBS Group increased their price target by 30.11% to $618.00. BMO Capital Markets provided a price target boost of 14.44% to $515.00 from $450.00 on 2024-02-05. Raymond James announced a lowering of their price target to $420.00 from $450.00 on 2023-10-30.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Saia

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Saia

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.