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Forward Air Corp (NASDAQ: FWRD) closed the day trading at $12.45 down -5.11% from the previous closing price of $13.12. In other words, the price has decreased by -$5.11 from its previous closing price. On the day, 1.85 million shares were traded. FWRD stock price reached its highest trading level at $14.22 during the session, while it also had its lowest trading level at $12.02.
Ratios:
For a better understanding of FWRD, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.23 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 10.64 whereas as Long-Term Debt/Eq ratio is at 10.08.
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 398885536 and an Enterprise Value of 2523920896. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15 while its Price-to-Book (P/B) ratio in mrq is 1.84. Its current Enterprise Value per Revenue stands at 1.02 whereas that against EBITDA is 13.459.
Stock Price History:
The Beta on a monthly basis for FWRD is 1.36, which has changed by -0.5851383 over the last 52 weeks, in comparison to a change of -0.028342128 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 $11.21. The 50-Day Moving Average of the stock is -49.67%, while the 200-Day Moving Average is calculated to be -57.97%.
Shares Statistics:
Over the past 3-months, FWRD traded about 649.02K shares per day on average, while over the past 10 days, FWRD traded about 850580 shares per day. A total of 29.76M shares are outstanding, with a floating share count of 20.87M. Insiders hold about 31.35% of the company’s shares, while institutions hold 89.30% stake in the company. Shares short for FWRD as of 1741910400 were 3734706 with a Short Ratio of 5.75, compared to 1739491200 on 4004461. Therefore, it implies a Short% of Shares Outstanding of 3734706 and a Short% of Float of 15.21.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0The stock’s 5-year Average Dividend Yield is 1.26.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 6.0 analysts currently analyzing and rating the stock of Forward Air Corp (FWRD).The consensus estimate for the next quarter is -$0.06, with high estimates of $0.16 and low estimates of -$0.49.
Analysts are recommending an EPS of between $0.42 and -$1.8 for the fiscal current year, implying an average EPS of -$0.29. EPS for the following year is $0.77, with 6.0 analysts recommending between $1.2 and -$0.25.
Revenue Estimates
5 analysts predict $624.81M in revenue for the current quarter. It ranges from a high estimate of $641M to a low estimate of $610.06M. As of the current estimate, Forward Air Corp’s year-ago sales were $541.81MFor the next quarter, 5 analysts are estimating revenue of $655.32M. There is a high estimate of $674M for the next quarter, whereas the lowest estimate is $637.11M.
A total of 5 analysts have provided revenue estimates for FWRD’s current fiscal year. The highest revenue estimate was $2.74B, while the lowest revenue estimate was $2.53B, resulting in an average revenue estimate of $2.64B. In the same quarter a year ago, actual revenue was $2.47BBased on 5 analysts’ estimates, the company’s revenue will be $2.83B in the next fiscal year. The high estimate is $2.99B and the low estimate is $2.7B.
