Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
In the latest session, Forward Air Corp. (NASDAQ: FWRD) closed at $20.76 down -4.68% from its previous closing price of $21.78. In other words, the price has decreased by -$4.68 from its previous closing price. On the day, 0.76 million shares were traded. FWRD stock price reached its highest trading level at $22.1989 during the session, while it also had its lowest trading level at $20.7.
Ratios:
For a deeper understanding of Forward Air Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.39 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.63. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 1.46. In the meantime, Its Debt-to-Equity ratio is 2.55 whereas as Long-Term Debt/Eq ratio is at 2.47.
On August 29, 2023, Jefferies Upgraded its rating to Buy which previously was Hold and also lowered its target price recommendation from $110 to $85.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 25 ’23 when RUBLE CHRIS C bought 1,433 shares for $69.77 per share. The transaction valued at 99,992 led to the insider holds 28,276 shares of the business.
MITCHIN KYLE R bought 1,093 shares of FWRD for $75,013 on Aug 25 ’23. The Chief People Officer now owns 18,896 shares after completing the transaction at $68.63 per share. On Aug 22 ’23, another insider, Ronning Nancee L, who serves as the Chief Commercial Officer of the company, bought 315 shares for $64.65 each. As a result, the insider paid 20,365 and bolstered with 3,045 shares of the company.
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 574346176 and an Enterprise Value of 2371302912. As of this moment, Forward’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53.95, and their Forward P/E ratio for the next fiscal year is 10.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 1.73 whereas that against EBITDA is 11.845.
Stock Price History:
Over the past 52 weeks, FWRD has reached a high of $121.38, while it has fallen to a 52-week low of $20.95. The 50-Day Moving Average of the stock is -26.42%, while the 200-Day Moving Average is calculated to be -64.40%.
Shares Statistics:
For the past three months, FWRD has traded an average of 976.12K shares per day and 702910 over the past ten days. A total of 25.67M shares are outstanding, with a floating share count of 25.08M. Insiders hold about 4.88% of the company’s shares, while institutions hold 93.36% stake in the company. Shares short for FWRD as of 1713139200 were 4120440 with a Short Ratio of 4.22, compared to 1710460800 on 3335407. Therefore, it implies a Short% of Shares Outstanding of 4120440 and a Short% of Float of 21.82.
Dividends & Splits
According to the company, the forward annual dividend rate for FWRD is 0.72, from 0.96 in the trailing year. Against a Trailing Annual Dividend Yield of 0.044077132The stock’s 5-year Average Dividend Yield is 1.17.
