Gaining Ground: Forward Air Corp. (FWRD) Closes Lower at 20.18, Down -3.26

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The price of Forward Air Corp. (NASDAQ: FWRD) closed at $20.18 in the last session, down -3.26% from day before closing price of $20.86. In other words, the price has decreased by -$3.26 from its previous closing price. On the day, 6.19 million shares were traded. FWRD stock price reached its highest trading level at $21.04 during the session, while it also had its lowest trading level at $20.005.

Ratios:

We take a closer look at FWRD’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 1.28. In the meantime, Its Debt-to-Equity ratio is 2.23 whereas as Long-Term Debt/Eq ratio is at 2.10.

Jefferies Upgraded its Hold to Buy on August 29, 2023, whereas the target price for the stock was revised from $110 to $85.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 533526912 and an Enterprise Value of 2855000320. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 0.58. Its current Enterprise Value per Revenue stands at 1.836 whereas that against EBITDA is 17.313.

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 $11.21. The 50-Day Moving Average of the stock is 2.43%, while the 200-Day Moving Average is calculated to be -56.50%.

Shares Statistics:

According to the various share statistics, FWRD traded on average about 1.24M shares per day over the past 3-months and 1549380 shares per day over the past 10 days. A total of 25.67M shares are outstanding, with a floating share count of 19.83M. Insiders hold about 24.99% of the company’s shares, while institutions hold 103.69% stake in the company. Shares short for FWRD as of 1715731200 were 5459795 with a Short Ratio of 5.58, compared to 1713139200 on 4120440. Therefore, it implies a Short% of Shares Outstanding of 5459795 and a Short% of Float of 26.6.

Dividends & Splits

The forward annual dividend rate for FWRD is 0.48, which was 0.72 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.03451582The stock’s 5-year Average Dividend Yield is 1.22.

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