TaaS stock refers to a financial asset sold by a public company in the transportation as a service field. Before we look into some examples, let’s explain what the industry revolves around. TaaS is a new mindset. It involves relying on a third party to solve your transportation needs. It can mean taking a rented vehicle, hiring a taxi/public transportation alternative, and much more.
According to O.P. Agarwal, World Bank and chairman of the Transportation Research Board Committee on Transport in Developing Countries, trends like telecommuting, e-commerce, and online shopping might change the way in which we perceive urban transportation. These trends are likely to change the nature of traditional car ownership while creating a larger market for TaaS companies.
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The projected growth of TaaS stock value in the next 12 months is solid, and the current prices are comparatively low, which might just signify the right time to buy. Still, it’s not just about buying TaaS stock or not. It’s also about finding the right TaaS companies to invest in.
In this article, Stocks Telegraph is presenting you the 5 best TaaS companies stocks to buy right now.
United Parcel Service Inc. (UPS)
United Parcel Service Inc. (UPS) stock closed the last session at $173.83, decreasing -1.05% or -$1.85. Shares of the company fluctuated between $173.77 and $179.58 throughout the day. The number of shares exchanged was 3.14 million, greater than the company’s 50-day daily volume of 2.74 million and lower than its Year-to-date volume of 3.2 million. In the past 12 months, the company’s stock has advanced by -8.38%, and in the last week, the stock has moved down by -8.97%. For the last six months, the stock has lost a total of -20.41%, and over the last three months, the stock has decreased by -1.32%. The stock has returned -18.90% so far this year. Additionally, the stock is trading at a price-to-earnings ratio of 13.95.
If we take a glance at the Ownership summary of United Parcel Service Inc.’s stock, Institutional holders make up 72.80% of its total stock ownership. Altogether, they are the legal holders of 874.00 million shares. Whilst focusing on the top 3 stockholders for this publicly-traded organization, The Vanguard Group, Inc. owns 62.24 million shares, with BlackRock Fund Advisors in 2nd place owning 34.64 million shares and Fidelity Management & Research Co. LLC in third place with total ownership of 17.65 million shares.
FedEx Corporation (FDX)
On Wednesday, shares in FedEx Corporation (FDX) fell -2.64% to close the day at $153.25. The volume of shares traded was 5.45 million, which is higher than the average volume over the last three months of 2.61 million. During the trading session, the stock oscillated between $153.25 and $159.1399. The company had an earnings per share ratio of 14.44. FDX’s stock has lost -25.25% of its value in the previous five sessions and -31.45% over the past month but has lost -40.75% on a year-to-date basis. The stock’s 50-day moving average of $217.50 is above the 200-day moving average of $224.96. Moreover, the stock is currently trading at an RSI of 18.30.
Multiple groups of Wall Street analysts have recently been drawn to the FDX stock, with those at Stifel downgraded the stock to “a Hold”. The analysts released their assessment via a research note they published on September 16, 2022. Analysts at Loop Capital maintained their earlier rating, although they did raise the stock’s price target to $202. Over at KeyBanc Capital Markets, the analysts restated the earlier stance about FedEx Corporation shares, rating the shares “a Sector weight.” in a note released on September 16, 2022.
DoorDash Inc. (DASH)
DoorDash Inc. (DASH) stock lost -0.85% to close Wednesday’s session at $57.17. The stock volume remained at 3.1 million shares, which was lower than the average daily volume of 5.71 million shares within the past 50 days. DASH shares have fallen by -74.17% over the last 12 months, and they have moved down by -11.41% in the past week. Over the past three months, the stock has lost -12.25%, while over the past six months, it has shed -48.61%. Further, the company has a current market of $24.04 billion and its outstanding shares stood at 363.96 million.
Brown Shona L, Director, of DoorDash Inc. (DASH), sold 1,250 shares of DoorDash Inc. stock in an exchange that took place on Sep 06. The shares were sold at an average price of 58.26 each, amounting to a total Sale worth $72,825. As of the close of the Sale, Director now directly holds 87,278 shares of the organization’s stock, which is now worth about $4989683.26. The deal was disclosed in a Securities & Exchange Commission legal filing, which can be publicly viewed on the SEC website.
Avis Budget Group Inc. (CAR)
Avis Budget Group Inc. (CAR) stock added 0.21% to finish the last trading session at $150.31. The stock recorded a trading volume of 1.51 million shares, which is below the average daily trading volume published for the last 50 days of 0.91 million shares. The shares of Avis Budget Group Inc. have advanced by -9.97% in the last five days; however, they have lost -8.47% over the last month. The stock price has shed -1.75% over the last three months and has gained 59.72 percent so far this year. Further, the stock is being traded at a price-to-earnings ratio of 3.55. Additionally, it has a price-to-cash flow ratio of 1.78 and its price-to-sales ratio stands at 0.71.
Focusing on the company’s market volatility shows that it has a 1-Week Volatility index of 6.63%, and 5.28% for the month. This stock’s Average True Range (ATR) currently stands at 9.09, with the beta factor poised at 2.14. The indicator of Volatility helps exhibit the extent to which a stock is likely to plummet or climb when the rest of the market also dips or surges. If a stock has a beta score above 1, then its rate of volatility is high. Figures lower than 1, therefore, mean that the stock’s volatility at that particular moment is low.
Matson Inc. (MATX)
The stock of Matson Inc. (MATX) gained 0.97% to complete the last trading session at $66.64. The price range of the company’s shares was between $66.15 and $68.15. It traded 0.6 million shares, which was above its daily average of 0.4 million shares over 100 days. MATX’s shares have dropped by -7.37% in the last five days, while they have subtracted -17.33% in the last month. The company has a current dividend yield of 1.86%. Further, it is currently trading at a price-to-earnings ratio of 1.98 and a price-to-book ratio of 1.25. Additionally, the price-to-cash flow ratio stood at 1.79.
Looking at the support for MATX, a number of firms have released research notes about the stock. Wolfe Research stated their Underperform rating for the stock in a research note on August 16, 2022. Stifel coverage for the Matson Inc. (MATX) stock in a research note released on August 02, 2022, offered a Hold rating with a price target of $93. Stifel coverage for the Matson Inc. (MATX) stock in a research note released on August 02, 2022, offered a Hold rating with a price target of $93. Stephens was of a view on April 29, 2021, that the stock is Equal-Weight, while Stephens gave the stock an Equal-Weight rating on April 29, 2021. Stephens on their part issued an Overweight rating on November 03, 2020.