SAIA Stock Summary and Trading Ideas (Saia | NASDAQ:SAIA)

Saia ranks among the 10 largest less-than-truckload carriers in the United States, with more than 200 facilities and a fleet of more than 6,200 tractors and 20,800 trailers. As a national LTL carrier, the firm offers time-definite and expedited options for shipments ranging between 100 and 10,000 pounds. Saia ranks among the top-tier providers in terms of profitability.

Saia trades on the NASDAQ stock market under the symbol SAIA.

As of April 19, 2024, SAIA stock price declined to $517.51 with 236,053 million shares trading.

SAIA has a beta of 2.21, meaning it tends to be more sensitive to market movements. SAIA has a correlation of 0.47 to the broad based SPY ETF.

SAIA has a market cap of $13.72 billion. This is considered a Large Cap stock.

Last quarter Saia reported $751 million in Revenue and $3.33 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.13.

In the last 3 years, SAIA stock traded as high as $628.34 and as low as $168.03.

The top ETF exchange traded funds that SAIA belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

SAIA has outperformed the market in the last year with a return of +89.4%, while the SPY ETF gained +21.2%. In the last 3 month period, SAIA beat the market returning +17.2%, while SPY returned +4.3%. However, in the most recent 2 weeks SAIA has underperformed the stock market by returning -9.5%, while SPY returned -3.5%.

SAIA support price is $510.44 and resistance is $534.62 (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 SAIA stock will trade within this expected range on the day.