Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Forward Air Corp (NASDAQ: FWRD) closed the day trading at $16.79 down -2.89% from the previous closing price of $17.29. In other words, the price has decreased by -$2.89 from its previous closing price. On the day, 0.43 million shares were traded. FWRD stock price reached its highest trading level at $17.02 during the session, while it also had its lowest trading level at $16.22.
Ratios:
For a better understanding of FWRD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.88. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FWRD now has a Market Capitalization of 510805568 and an Enterprise Value of 2619826944. 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 3.30. Its current Enterprise Value per Revenue stands at 1.029 whereas that against EBITDA is 12.151.
Stock Price History:
The Beta on a monthly basis for FWRD is 1.29, which has changed by 0.11933339 over the last 52 weeks, in comparison to a change of 0.09362543 over the same period for the S&P500. 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 -2.66%, while the 200-Day Moving Average is calculated to be -41.31%.
Shares Statistics:
Over the past 3-months, FWRD traded about 814.01K shares per day on average, while over the past 10 days, FWRD traded about 538030 shares per day. A total of 30.41M shares are outstanding, with a floating share count of 19.96M. Insiders hold about 34.39% of the company’s shares, while institutions hold 89.93% stake in the company. Shares short for FWRD as of 1745971200 were 4008141 with a Short Ratio of 4.92, compared to 1743379200 on 3687980. Therefore, it implies a Short% of Shares Outstanding of 4008141 and a Short% of Float of 15.9.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0The stock’s 5-year Average Dividend Yield is 1.26.
