FreightCar America(RAIL)
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Freightcar America (RAIL) Surges 10.8%: Is This an Indication of Further Gains?
ZACKS· 2024-09-12 11:45
Freightcar America (RAIL) shares rallied 10.8% in the last trading session to close at $9.47. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 105% gain over the past four weeks. The company has performed very well on the bourse this year. Shares have surged 251% year to date. Higher railcar deliveries are boosting the company's top line, which increased 66% year over year in second-quarter 2024. RAIL's focus ...
Adding To My FreightCar America Investment
Seeking Alpha· 2024-09-04 19:59
E 1 1 H 1 1 11 2 I I I I P H - 17 11 1 H I I 1 H Stephen Simpson It's been about 15 months since I posted my most recent bullish article on FreightCar America Inc. (NASDAQ:RAIL), and in that time the shares have climbed about 182% against a gain of about 32.6% for the S&P 500. It's worth noting that the shares were basically flat over 14 of those 15 months, and spiked higher in price less than a month ago. I thought it would be worthwhile to check to see if it makes sense to continue to hold the shares, or ...
Why Fast-paced Mover Freightcar America (RAIL) Is a Great Choice for Value Investors
ZACKS· 2024-08-28 13:51
Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - Investing in bargain stocks that have recently shown price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify potential opportunities [3] Group 2: Freightcar America (RAIL) Analysis - Freightcar America (RAIL) has shown significant price movement, with a 99.7% increase over the past four weeks, indicating strong investor interest [4] - RAIL has gained 94.6% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe, with a beta of 1.97 indicating high volatility [5] - RAIL has a Momentum Score of B, suggesting it is an opportune time to invest in the stock for potential success [6] Group 3: Earnings Estimates and Valuation - RAIL's upward trend in earnings estimate revisions has contributed to its Zacks Rank 2 (Buy), as increased analyst interest typically drives stock prices higher [7] - Despite its strong momentum, RAIL is trading at a low Price-to-Sales ratio of 0.26, indicating it is attractively priced relative to its sales [7] Group 4: Additional Investment Opportunities - Besides RAIL, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - Various Zacks Premium Screens are available to help identify winning stock picks based on different investing styles [9]
Freightcar America (RAIL) Is a Great Choice for 'Trend' Investors, Here's Why
ZACKS· 2024-08-28 13:50
Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. - ...
Railtown to Present at the 2024 ThinkEquity Conference in NYC
Newsfile· 2024-08-23 01:51
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce that Railtown AI's Founder and CEO, Cory Brandolini, has been invited to present at the ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York City. Interested parties can register to attend here. Additionally, the company announces that all outstanding debentures have been converted, le ...
FreightCar America, Inc. Announces Expansion into Tank Cars Securing Multi-Year Order
GlobeNewswire News Room· 2024-08-01 12:00
Core Viewpoint - FreightCar America has entered into a multi-year agreement to convert over 1,000 existing DOT 111 tank cars to upgraded DOT 117R specifications, enhancing its product offerings and solidifying its position in the rail transportation market [1][2]. Group 1: Agreement Details - The agreement involves upgrading over 1,000 existing DOT 111 tank cars to DOT 117R specifications over a two-year period [2]. - Upgrades will include new exterior tank jackets, thermal protection, full height head shields, top fittings protection, and upgraded bottom outlet valves [2]. - All tank cars transporting certain hazardous and flammable liquids must be upgraded by 2029 as part of a federally mandated program [2]. Group 2: Company Capabilities - The company has a legacy of over 120 years and has delivered more than 15,000 conversions and rebodied railcars [1]. - The Castaños facility has the capacity to efficiently handle these modifications, minimizing the number of cars out of service at any given time [3]. - The expansion into tank car conversions is seen as a key milestone in diversifying the company's product offerings [1][4]. Group 3: Market Position and Future Growth - This expansion broadens the company's offerings of railcars and enhances opportunities to grow its addressable market and customer base [4]. - The company is committed to quality and reliability in large-scale projects, aiming to set new standards in manufacturing and commercial excellence [4]. - The agreement underscores the company's capability as a reliable partner in large-scale projects, reinforcing its position as a key player in the rail transportation industry [2].
FreightCar America, Inc. To Release Second Quarter Results On August 12, 2024
GlobeNewswire News Room· 2024-07-29 20:15
Core Viewpoint - FreightCar America, Inc. is set to release its second quarter 2024 financial results on August 12, 2024, with a conference call scheduled for August 13, 2024, at 11:00 a.m. Eastern Time [1]. Group 1 - The financial results will be available after market close on August 12, 2024 [1]. - A live webcast of the conference call can be accessed through the company's Investor Relations page [2]. - Participants can join the call by dialing specific phone numbers and are encouraged to do so 10 to 15 minutes prior to the start time [2]. Group 2 - An audio replay of the conference call will be available from August 13, 2024, at 3:00 p.m. until August 27, 2024, at 11:59 p.m. Eastern Time [3]. - The replay can be accessed via specific phone numbers, and a passcode is required [3]. Group 3 - FreightCar America is a leading designer, producer, and supplier of railroad freight cars and components, with a history dating back to 1901 [4]. - The company specializes in railcar repairs, rebody services, and conversions to repurpose idle rail assets [4]. - FreightCar America plays a critical role in economic growth and the North American supply chain [4].
Railtown Provides Comments on Promotional Activities
Newsfile· 2024-07-13 03:48
Core Viewpoint - Railtown AI Technologies Inc. has engaged three third-party service providers for consulting and marketing services to enhance its investor relations and market presence [1][4]. Group 1: Service Providers and Agreements - Bello Holdings Inc. will provide capital markets advisory services under a 12-month consulting agreement [1]. - SmallCap Communications Inc. is tasked with investor relations, communications, and marketing services, also under a 12-month agreement [1]. - i2i Marketing Group, LLC will offer various marketing services, including content creation and distribution, under a month-to-month renewable online marketing agreement [1]. Group 2: Promotional Activities and Responsibilities - Railtown acknowledges awareness of promotional activities conducted on its behalf but cannot accurately assess their impact on trading due to various external factors [5]. - The company confirms it is responsible for compensating the service providers as per the agreements and maintains editorial control over the content produced [5]. Group 3: Compliance and Reporting - Railtown's common shares are primarily traded on the Canadian Securities Exchange (CSE), and the company adheres to CSE policies and Canadian securities laws [6]. - Insider trading reports are publicly available, and the company believes these reports are accurate and complete [6]. Group 4: Company Overview - Railtown AI is a Microsoft Partner offering a cloud-based Application General Intelligence™ Platform designed to enhance productivity for software developers and Agile teams [7].
Railtown AI Unveils Version 2.0 of Conductor
Newsfile· 2024-07-02 12:00
About Railtown AI Technologies Click here to receive our latest investor news alerts. This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will," "may", "should", "intends", "anticipates", "expects" and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, stateme ...
CORRECTION FROM SOURCE: Railtown AI Technologies Inc. Announces Partnership with Mila - Quebec Artificial Intelligence Institute to Accelerate Railtown's Advanced AI Initiatives
Newsfile· 2024-06-29 00:07
● . June 28, 2024 8:07 PM EDT | Source: Railtown AI Technologies Inc. This partnership will also grant Railtown other benefits such as access to recruitment, training, and Mila workspaces, as well as the opportunity to conduct applied research projects together with Mila, in addition to visibility across Mila's website and social media, channels, conferences, and business opportunities related to other Mila partners. "With multiple large projects in our pipeline, we expect that partnering with Mila will all ...