For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Forward Air Corp (NASDAQ: FWRD) was $33.65 for the day, down -2.80% from the previous closing price of $34.62. In other words, the price has decreased by -$2.80 from its previous closing price. On the day, 0.4 million shares were traded. FWRD stock price reached its highest trading level at $35.47 during the session, while it also had its lowest trading level at $33.57.
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 1.21 and its Current Ratio is at 1.21. In the meantime, Its Debt-to-Equity ratio is 9.24 whereas as Long-Term Debt/Eq ratio is at 8.77.
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 974315584 and an Enterprise Value of 3036322816. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 4.27. Its current Enterprise Value per Revenue stands at 1.393 whereas that against EBITDA is 13.705.
Stock Price History:
The Beta on a monthly basis for FWRD is 1.04, which has changed by -0.24092036 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, FWRD has reached a high of $46.72, while it has fallen to a 52-week low of $11.21. The 50-Day Moving Average of the stock is 0.77%, while the 200-Day Moving Average is calculated to be 18.26%.
Shares Statistics:
FWRD traded an average of 592.34K shares per day over the past three months and 473140 shares per day over the past ten days. A total of 28.69M shares are outstanding, with a floating share count of 20.12M. Insiders hold about 30.50% of the company’s shares, while institutions hold 94.59% stake in the company. Shares short for FWRD as of 1736899200 were 3940722 with a Short Ratio of 6.65, compared to 1734048000 on 4278591. Therefore, it implies a Short% of Shares Outstanding of 3940722 and a Short% of Float of 16.600001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.006932409The stock’s 5-year Average Dividend Yield is 1.26. The current Payout Ratio is 220.89% for FWRD, which recently paid a dividend on 2023-11-21 with an ex-dividend date of 1700524800. Stock splits for the company last occurred on 2005-04-04 when the company split stock in a 3:2 ratio.
