One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.

But what if you had the insights to effectively evaluate a company like Construction Partners Inc before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell Construction Partners Inc’s stock is to have the right tools and resources as well as a clear monitoring process.

In this article, we go over a few key elements for understanding Construction Partners Inc’s stock price such as:

• Current stock price and volume
• Stock price history
• Upgrades and downgrades from analysts
• Stock price momentum as measured by its relative strength

About Construction Partners Inc (ROAD)

Before we jump into Construction Partners Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Construction Partners, Inc. is a civil infrastructure company that specializes in the construction and maintenance of roadways across Alabama, Florida, Georgia, North Carolina and South Carolina. It provides a variety of products and services to both public and private infrastructure projects, which focuses on highways, roads, bridges, airports, and commercial and residential developments. Its primary operations consist of manufacturing and distributing hot mix asphalt (HMA) for both internal use and sales to third parties in connection with construction projects; paving activities, including the construction of roadway base layers and application of asphalt pavement; site development, including the installation of utility and drainage systems; mining aggregates, such as sand, gravel and construction stone, that are used as raw materials in the production of HMA, and distributing liquid asphalt cement for both internal use and sales to third parties in connection with HMA production.

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Construction Partners Inc’s Stock Price as of Market Close

As of February 15, 2023, 4:00 PM CST, Construction Partners Inc’s stock price was $30.13.

Construction Partners Inc is up 6.24% from its previous closing price of $28.36.

During the last market session, Construction Partners Inc’s stock traded between $26.92 and $28.63. Currently, there are 51.82 million shares of Construction Partners Inc stock available for purchase.

Construction Partners Inc’s price-earnings (P/E) ratio is currently at 83.2, which is high compared to the Construction & Engineering industry median of 20.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Construction Partners Inc Stock Price History

Construction Partners Inc’s (ROAD) price is currently up 6.5% so far this month.

During the month of February, Construction Partners Inc’s stock price has reached a high of $30.32 and a low of $26.34.

Over the last year, Construction Partners Inc has hit prices as high as $32.98 and as low as $18.89. Year to date, Construction Partners Inc’s stock is up 2.45%.

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What Caused Construction Partners Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 14, 2023, there were 4 analysts who downgraded Construction Partners Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Construction Partners Inc’s financial health and valuation. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others.

Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.

Construction Partners Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Construction Partners Inc (ROAD) by visiting AAII Stock Evaluator.

Relative Price Strength of Construction Partners Inc

Relative price strength addresses the relationship between a stock price’s trend and the price trend of the market. This ratio is expressed as a percentage and helps investors understand a company’s momentum as well as its value. You can use relative price strength to select investments that have been outperforming the market or a specific benchmark.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. The weighted four-quarter relative price strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40%, and each of the three previous quarters are given a weighting of 20%.

As of February 14, 2023, Construction Partners Inc has a weighted four-quarter relative price strength of 1.12%, which translates to a Momentum Score of 57 and is considered to be Average.

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Construction Partners Inc Stock Price: Bottom Line

As of February 15, 2023, Construction Partners Inc’s stock price is $30.13, which is up 6.24% from its previous closing price.

At AAII, we stress that investors should never buy or sell a stock solely based on its stock price. Past returns do not guarantee future performance. Therefore, you should consider multiple ratios, fundamentals and analytics before making a decision. Whether you decide it’s a good time to buy or sell Construction Partners Inc’s stock based on its stock price forecast is ultimately up to you.

It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market. Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum.

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