How to Buy Covenant Logistics Group Stock
Covenant Logistics Group Inc
Covenant Logistics Group, Inc. , together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing.
Covenant Logistics Group stock last closed at $44.90, up 0.42% from the previous day, and has increased 30.71% in one year. It has underperformed other stocks in the Trucking industry by 0.09 percentage points. Covenant Logistics Group stock is currently +19.73% from its 52-week low of $37.50, and -22.01% from its 52-week high of $57.57.
There are currently 13.07M shares of CVLG outstanding. The market capitalization of CVLG is $586.91M. In the past 24 hours, 117,700 CVLG shares were traded.
How to Buy Covenant Logistics Group Stock
Not sure how to invest in Covenant Logistics Group stock? Here's how.
- Figure out where to buy Covenant Logistics Group stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you figure out where to buy Covenant Logistics Group stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Choose your payment method and add your info.
- Evaluate Covenant Logistics Group stock: The Covenant Logistics Group ticker symbol is CVLG. Is Covenant Logistics Group stock a good investment? Should you buy shares of CVLG? How do CVLG's underlying business fundamentals look? Do top analysts think Covenant Logistics Group is a good buy? Why has CVLG's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if CVLG is a good stock to buy).
- Make your CVLG purchase: Decide if you will purchase CVLG shares at the current market price or use a limit order to buy CVLG stock at a particular price.
- Watch your investment in CVLG: Create a watchlist to watch your position in Covenant Logistics Group shares.
Step 1: Figure out where to buy Covenant Logistics Group stock
You will need an online brokerage account in order to access the NASDAQ market and buy CVLG shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal information so you are able to buy CVLG stock today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your brokerage account
Now that you've finished signing up on the best stock market app, your next step is to transfer the money for your investment:
Check out the walkthrough below to see the process of transferring money into your new investment account.
Step 4: Evaluate Covenant Logistics Group stock
Once you have figured out the best place to buy Covenant Logistics Group stock, it's critical to evaluate their stock prior to investing, so you truly comprehend the risk and opportunity.
Covenant Logistics Group quick stats
CVLG Fundamentals
WallStreetZen was created to help average investors do better fundamental analysis in less time.
You can view all of the due diligence checks on CVLG's stock page.
How is CVLG stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge CVLG's true value.
Using relative valuations methods:
- CVLG may be undervalued based on its P/E ratio of 10.61x, relative to Trucking industry P/E ratio of 48.16x
- CVLG could be undervalued based on its P/B ratio of 1.45x, relative to Trucking industry P/B ratio of 3.74x
- CVLG may be overvalued based on its PEG ratio of 1.14x
You can access additional valuation analysis on CVLG's stock here.
CVLG Financial Health
Pros:
- There are more short-term assets than short-term liabilities on the CVLG balance sheet.
- CVLG has $2.29M in cash and short term investments. This is sufficient to cover its annual cash burn of $40.94M.
Cons:
- CVLG profit margin has gone down from 8.9% to 5% in the past year.
- There are more long-term liabilities than short-term assets on the CVLG balance sheet.
- Total CVLG debt is higher than 5 years ago, relative to shareholder equity.
- CVLG has a relatively high debt to equity ratio of 1.37.
- CVLG has cash burn of 40942000. It does not have sufficient cash and short-term investments to cover this.
Is Covenant Logistics Group stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 Equities analysts who give ratings on CVLG, the consensus analyst rating on CVLG is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Covenant Logistics Group stock forecast page.
Metrics for Advanced CVLG Traders
CVLG Earnings
Last year, CVLG earnings were $55.23M. Over the last five year, CVLG's earnings have gone up by 12.76% per year. This was faster than the Trucking industry average of 8.34%.
Last year, CVLG revenue was $1.10B. Over the last 5 year, CVLG's revenue has gone up by 4.62% per year. This was slower than the Trucking industry average of 5.81%.
Learn more about CVLG's earnings and revenue performance here.
Are CVLG insiders buying or selling the stock?
Over the past year, executives and large shareholders at CVLG have sold more shares than they have bought.
Paul Bunn, President COO and Secretary of CVLG, was the latest CVLG insider to sell. They sold $92,843.52 worth of CVLG stock on Feb 28, 2024.
Research more about who owns CVLG stock here.
Does CVLG stock generate passive income?
No, Covenant Logistics Group doesn't provide an income stream by paying out dividends.
What others are saying about CVLG
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Step 5: Make your CVLG purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a particular price limit, use a limit order.
Click the Open Trade button and your broker will execute the order.
If you need more help with buying stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in CVLG
Now that you own some CVLG shares, you'll want to keep up with your investment.
Make a watchlist to see the latest developments about your CVLG stock.
CVLG Feed
How to Buy Stock in Covenant Logistics Group
To summarize, here are the 6 steps to buy stock in Covenant Logistics Group:
- Figure out where to buy Covenant Logistics Group stock
- Sign up for a brokerage account
- Fund your brokerage account
- Evaluate Covenant Logistics Group stock
- Make your CVLG purchase
- Watch your investment in CVLG
If you require a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Covenant Logistics Group, create a watchlist on WallStreetZen today.
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