Old Dominion Freight Line ODFL
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Old Dominion Freight Line (ODFL) Business Model and Operations Summary
Old Dominion Freight Line is the second-largest less-than-truckload carrier in the United States (following FedEx Freight), with more than 250 service centers and 11,000-plus tractors. It is one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns are head and shoulders above its peers. Strategic initiatives revolve around boosting network density through market share gains and maintaining industry-leading service (including ultralow cargo claims) via steadfast infrastructure investment.
Key Insights
Old Dominion Freight Line (ODFL) Core Market Data and Business Metrics
Latest Closing Price
$155.75Market Cap
$32.11 BillionPrice-Earnings Ratio
28.42Total Outstanding Shares
212.55 Million SharesTotal Employees
21,895Dividend
$0.28 Per Share QuarterlyIPO Date
October 24, 1991SIC Description
Trucking (no Local)Primary Exchange
NASDAQHeadquarters
500 Old Dominion Way, Thomasville, NC, 27360
Historical Stock Splits
If you bought 1 share of ODFL before June 17, 2003, you'd have 22.78 shares today.
| Execution Date | Split Amount |
|---|---|
| March 28, 2024 | 2-for-1 |
| March 25, 2020 | 3-for-2 |
| September 10, 2012 | 3-for-2 |
| August 24, 2010 | 3-for-2 |
| December 1, 2005 | 1.5-for-1 |
| May 21, 2004 | 3-for-2 |
| June 17, 2003 | 3-for-2 |
Short Interest
Short Interest
This information is bi-monthly aggregated short interest data reported to the Financial Industry Regulatory Authority (FINRA) by broker-dealers.
Short Interest: The total number of shares that have been sold short but have not yet been covered or closed out.
Bi-Weekly Change (%): The percentage change in short interest from the previous bi-weekly period.
Settlement Date: The date on which the short interest data is considered settled, typically based on exchange reporting schedules.
Days to Cover: The estimated number of days it would take to cover all short positions based on average trading volume.
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Short Interest | Bi-Weekly Change (%) | Settlement Date | Days to Cover |
|---|---|---|---|
| 10,870,209 Shares | -0.87% | 3/14/2025 | 4.87 |
| 10,965,872 Shares | +12.03% | 2/28/2025 | 4.87 |
| 9,788,252 Shares | +8.50% | 2/14/2025 | 5.35 |
| 9,021,509 Shares | +2.62% | 1/31/2025 | 6.53 |
| 8,790,918 Shares | +1.51% | 1/15/2025 | 6.95 |
| 8,659,993 Shares | +2.51% | 12/31/2024 | 5.47 |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities, Continuing | $1.66 Billion |
| Net Cash Flow, Continuing | $-325.12 Million |
| Net Cash Flow From Operating Activities | $1.66 Billion |
| Net Cash Flow From Investing Activities, Continuing | $-751.19 Million |
| Net Cash Flow From Investing Activities | $-751.19 Million |
| Net Cash Flow | $-325.12 Million |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Diluted Earnings Per Share | $5.48 |
| Income/Loss From Continuing Operations Before Tax | $1.56 Billion |
| Income Tax Expense/Benefit, Deferred | $19.34 Million |
| Costs And Expenses | $4.27 Billion |
| Diluted Average Shares | $216.49 Million |
| Net Income/Loss Available To Common Stockholders, Basic | $1.19 Billion |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Other Comprehensive Income/Loss | $0 |
| Comprehensive Income/Loss | $1.19 Billion |
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Comprehensive Income/Loss Attributable To Parent | $1.19 Billion |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Assets | $5.49 Billion |
| Current Liabilities | $540.53 Million |
| Equity Attributable To Noncontrolling Interest | $0 |
| Equity | $4.24 Billion |
| Other Current Liabilities | $163.29 Million |
| Liabilities | $1.25 Billion |
Historical Dividends
Current dividend: $0.28 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 5, 2025 | Mar 19, 2025 | Mar 5, 2025 | $0.28 | Quarterly |
| Oct 17, 2024 | Dec 18, 2024 | Dec 4, 2024 | $0.26 | Quarterly |
| Jul 18, 2024 | Sep 18, 2024 | Sep 4, 2024 | $0.26 | Quarterly |
| May 20, 2024 | Jun 19, 2024 | Jun 5, 2024 | $0.26 | Quarterly |
| Jan 31, 2024 | Mar 20, 2024 | Mar 6, 2024 | $0.52 | Quarterly |
| Oct 19, 2023 | Dec 20, 2023 | Dec 6, 2023 | $0.4 | Quarterly |