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.
The closing price of Forward Air Corp. (NASDAQ: FWRD) was $22.27 for the day, down -3.34% from the previous closing price of $23.04. In other words, the price has decreased by -$3.34 from its previous closing price. On the day, 0.94 million shares were traded. FWRD stock price reached its highest trading level at $23.03 during the session, while it also had its lowest trading level at $21.705.
Ratios:
Our analysis of FWRD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.90. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 587268800 and an Enterprise Value of 2411122176. As of this moment, Forward’s Price-to-Earnings (P/E) ratio for their current fiscal year is 57.87, and their Forward P/E ratio for the next fiscal year is 11.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37 while its Price-to-Book (P/B) ratio in mrq is 0.75. Its current Enterprise Value per Revenue stands at 1.759 whereas that against EBITDA is 12.044.
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 $22.08. The 50-Day Moving Average of the stock is -26.78%, while the 200-Day Moving Average is calculated to be -63.49%.
Shares Statistics:
FWRD traded an average of 977.52K shares per day over the past three months and 870480 shares per day over the past ten days. A total of 25.67M shares are outstanding, with a floating share count of 24.42M. Insiders hold about 7.40% of the company’s shares, while institutions hold 92.91% 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
With its trailing 12-month dividend rate of 0.96, FWRD has a forward annual dividend rate of 0.72. Against a Trailing Annual Dividend Yield of 0.041666664The stock’s 5-year Average Dividend Yield is 1.13.
