ROAD

Million

Billion

Rise

<ul class="list-ic vertical">
 <li><span>1</span> <a>ROAD stock price followed an upside track and showed a rise of over 7% in a day.</a></li>
 <li><span>2</span> <a>In the last month, ROAD stock noted about 9% price rise.</a></li>
</ul>
<p>ROAD stock price chart suggests a bullish trend that took its price to mark a 52-week high in the recent trading session. With massive bulls support, the stock noted its 52-week high at $39.60. This extreme surge in the stock price experienced over 1 Million volume in a day.</p>
<h2 class="wp-block-heading" id="strong-massive-rise-in-road-stock-price-strong"><strong>Massive Rise in ROAD Stock Price</strong></h2>
<p>ROAD stock price jumped upside from its 20-day moving average which marked its 52-week high. The stock opened at $36.31 on October 4, 2023, while noted closing at $35.79. As bulls have shown their strength, its price chart may suggest a bullish trend in coming sessions.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh5.googleusercontent.com/xlKt8-QVBlPjm9qWRTdUmT8TiF57tvwCmULziRspZOu57jnBNPIOw2qokr_UZEP0dj8Lod3hVa2-GxiSHpqkb27ZkeEjwVUiJrKsxO5kQUtFYKeiczC0lkjkQj9Q_nPtxldRfrPp9jHtg7xMTeSUJpM" alt="Will ROAD Stock Price Reach $39.00 With Recent Market Trend?">
  <figcaption class="wp-element-caption">
   Source: ROAD/USD by TradingView
  </figcaption>
 </figure>
</div>
<p>The year-to-date (YTD) growth in the <a href="https://www.thecoinrepublic.com/2023/10/04/roku-stock-analysis-xponance-decreased-its-stake-in-roku-inc/" rel="noopener noreferrer nofollow">stock </a>has shown over 42% price rise. Additionally, in the past 6 months, the stock also followed a bullish trend with over 55% growth. The recent bullish trend activity was supported by active bulls.&nbsp;</p>
<p>The recent bullish activity was clearly more than ROAD stock’s performance during its last quarter report. At that time, the stock was trading at nearly $30.00 which later moved upwards. Till now, the stock has almost traded near its 20-day moving average with the majority of bulls.</p>
<p>In the past 3 months, analysts have given a “strong-buy” rating to Construction Partners, Inc. The analysts also have set their one-year price target at $40.00, up over 3% from the recent closing price of the stock. The maximum estimate is resting at $44.00 while the minimum estimate is at $35.00.</p>
<h3 class="wp-block-heading" id="strong-the-fundamentals-of-construction-partners-strong"><strong>The Fundamentals of Construction Partners</strong></h3>
<p>Construction Partners Inc. (NASDAQ: <a href="https://www.thecoinrepublic.com/2023/10/04/broadcom-inc-avgo-stock-price-sustaining-for-1000-insights/" rel="noopener noreferrer nofollow">ROAD</a>), is a civil infrastructure company that has a market cap of nearly $2.02 Billion. ROAD price-to-sales ratio is 1.27 and the company has an Enterprise Value to EBITDA ratio of 19.89.</p>
<p>Earlier in August 2023, the company released its Q3 2023 report that states its net income is $21.68 Million. Its earnings per share (EPS) is $0.41 whereas the estimation was $0.35 which accounts for an 18.45% surprise.</p>
<p>The revenue for the same quarter amounts to $421.89 Million despite the estimated figure of $426.80 Million. For the next quarter, the estimated EPS is $0.50, and revenue is expected to reach $461.16 Million.</p>
<p>Last year, the revenue of Construction Partners Inc. amounted to $1.30 Billion. Most of which — $1.30 Billion — came from its highest performing source at the moment, “infrastructure and road construction.”</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Will ROAD Stock Price Reach $39.00 With Recent Market Trend?

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Thecoinrepublic.com

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