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The price of Forward Air Corp. (NASDAQ: FWRD) closed at $32.79 in the last session, down -1.71% from day before closing price of $33.36. In other words, the price has decreased by -$1.71 from its previous closing price. On the day, 0.8 million shares were traded. FWRD stock price reached its highest trading level at $33.3422 during the session, while it also had its lowest trading level at $31.465.
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 1.33 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 7.27 whereas as Long-Term Debt/Eq ratio is at 6.89.
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 924068160 and an Enterprise Value of 2965399296. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 3.20. Its current Enterprise Value per Revenue stands at 1.59 whereas that against EBITDA is 16.059.
Stock Price History:
Over the past 52 weeks, FWRD has reached a high of $79.51, while it has fallen to a 52-week low of $11.21. The 50-Day Moving Average of the stock is 24.46%, while the 200-Day Moving Average is calculated to be -4.16%.
Shares Statistics:
According to the various share statistics, FWRD traded on average about 956.98K shares per day over the past 3-months and 704500 shares per day over the past 10 days. A total of 25.67M shares are outstanding, with a floating share count of 19.06M. Insiders hold about 31.20% of the company’s shares, while institutions hold 100.82% stake in the company. Shares short for FWRD as of 1723680000 were 4693631 with a Short Ratio of 4.90, compared to 1721001600 on 5880205. Therefore, it implies a Short% of Shares Outstanding of 4693631 and a Short% of Float of 20.87.
Dividends & Splits
The forward annual dividend rate for FWRD is 0.24, which was 0.48 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.014388489The stock’s 5-year Average Dividend Yield is 1.28.
