MRTN Stock Summary and Trading Ideas (Marten Transport Ltd. | NASDAQ:MRTN)

Marten Transport Ltd is a temperature-sensitive truckload carrier in the United States. It is engaged in transporting and distributing food and other consumer packaged goods which requires a temperature-controlled or insulated environment. The company operates through four segments including Truckload, Dedicated, Intermodal, and Brokerage. It generates maximum revenue from the Truckload segment. The Truckload segment provides a combination of regional short-haul and medium-to-long-haul full-load transportation services.

Marten Transport Ltd. trades on the NASDAQ stock market under the symbol MRTN.

As of April 19, 2024, MRTN stock price climbed to $16.56 with 1,209,494 million shares trading.

MRTN has a beta of 1.07, meaning it tends to be more sensitive to market movements. MRTN has a correlation of 0.34 to the broad based SPY ETF.

MRTN has a market cap of $1.35 billion. This is considered a Small Cap stock.

Last quarter Marten Transport Ltd. reported $250 million in Revenue and $.12 earnings per share. This fell short of revenue expectation by $-13 million and met earnings estimates .

In the last 3 years, MRTN stock traded as high as $23.43 and as low as $14.72.

The top ETF exchange traded funds that MRTN belongs to (by Net Assets): IJR, VTI, IWM, AVUV, VXF.

MRTN has underperformed the market in the last year with a price return of -19.1% while the SPY ETF gained +21.2%. MRTN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.3% and -7.1%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

MRTN support price is $15.74 and resistance is $16.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MRTN stock will trade within this expected range on the day.