Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Forward Air Corp’s stock clocked out at $16.32, down -5.50% from its previous closing price of $17.27. In other words, the price has decreased by -$5.50 from its previous closing price. On the day, 0.73 million shares were traded.
Ratios:
To gain a deeper understanding of FWRD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.18. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 1.13. In the meantime, Its Debt-to-Equity ratio is 13.92 whereas as Long-Term Debt/Eq ratio is at 13.18.
Jefferies Upgraded its Hold to Buy on August 29, 2023, whereas the target price for the stock was revised from $110 to $85.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 3.21.
Stock Price History:
Over the past 52 weeks, FWRD has reached a high of $40.92, while it has fallen to a 52-week low of $9.78. The 50-Day Moving Average of the stock is -7.50%, while the 200-Day Moving Average is calculated to be -43.55%.
Shares Statistics:
A total of 30.41M shares are outstanding, with a floating share count of 19.51M. Insiders hold about 35.88% of the company’s shares, while institutions hold 88.43% stake in the company.
