RAIL Stock Summary and Trading Ideas (Freightcar America | NASDAQ:RAIL)

FreightCar America Inc is a manufacturer of railcars and components, serving diverse transportation needs primarily in North America. The company designs and produces a wide range of railcar types, including box cars, hoppers, covered hoppers, gondolas, and flat cars for both intermodal and non-intermodal freight. Its clientele includes shippers, railroads, and financial institutions. The company has two segments: Manufacturing and Parts. The Manufacturing segment encompasses new railcar manufacturing, used railcar sales, leasing, and major rebuilds, while the Parts segment, along with corporate activities, constitutes Corporate and Other. The company's revenue is predominantly derived from its Manufacturing segment, with all revenue generated within the United States.

Freightcar America trades on the NASDAQ stock market under the symbol RAIL.

As of April 18, 2024, RAIL stock price climbed to $3.58 with 35,325 million shares trading.

RAIL has a beta of 0.36, meaning it tends to be less sensitive to market movements. RAIL has a correlation of 0.02 to the broad based SPY ETF.

RAIL has a market cap of $65.68 million. This is considered a Micro Cap stock.

Last quarter Freightcar America reported $127 million in Revenue and -$.07 earnings per share. This fell short of revenue expectation by $-8 million and missed earnings estimates by -$.06.

In the last 3 years, RAIL stock traded as high as $8.63 and as low as $2.25.

The top ETF exchange traded funds that RAIL belongs to (by Net Assets): VTI, VXF, IWC, DFAS.

RAIL has underperformed the market in the last year with a price return of +17.4% while the SPY ETF gained +22.3%. However, in the short term, RAIL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +42.1% vs +6.1% return in SPY. But in the last 2 weeks, RAIL shares have been beat by the market, returning -9.4% compared to an SPY return of -3.8%.

RAIL support price is $3.45 and resistance is $3.70 (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 RAIL stock will trade within this expected range on the day.