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The closing price of Forward Air Corp. (NASDAQ: FWRD) was $19.04 for the day, down -4.23% from the previous closing price of $19.88. In other words, the price has decreased by -$4.23 from its previous closing price. On the day, 1.75 million shares were traded. FWRD stock price reached its highest trading level at $20.53 during the session, while it also had its lowest trading level at $18.75.
Ratios:
Our analysis of FWRD’s different ratios will help us gain a deeper understanding of the company. 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:
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 503387168 and an Enterprise Value of 2824860416. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 1.817 whereas that against EBITDA is 17.13.
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 0.09%, while the 200-Day Moving Average is calculated to be -57.81%.
Shares Statistics:
FWRD traded an average of 1.32M shares per day over the past three months and 1621610 shares per day over the past ten 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 103.57% stake in the company. Shares short for FWRD as of 1718323200 were 6395876 with a Short Ratio of 4.84, compared to 1715731200 on 5459795. Therefore, it implies a Short% of Shares Outstanding of 6395876 and a Short% of Float of 31.16.
Dividends & Splits
With its trailing 12-month dividend rate of 0.72, FWRD has a forward annual dividend rate of 0.48. Against a Trailing Annual Dividend Yield of 0.036217306The stock’s 5-year Average Dividend Yield is 1.26.
