Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of Forward Air Corp (NASDAQ: FWRD) closed at $22.88 in the last session, down -2.60% from day before closing price of $23.49. In other words, the price has decreased by -$2.60 from its previous closing price. On the day, 0.71 million shares were traded.
Ratios:
We take a closer look at FWRD’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.91. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 4.50.
Stock Price History:
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 34.97%, while the 200-Day Moving Average is calculated to be -17.75%.
Shares Statistics:
A total of 30.41M shares are outstanding, with a floating share count of 19.44M. Insiders hold about 36.12% of the company’s shares, while institutions hold 89.95% stake in the company.
