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As of close of business last night, Forward Air Corp.’s stock clocked out at $35.40, down -0.08% from its previous closing price of $35.43. In other words, the price has decreased by -$0.08 from its previous closing price. On the day, 0.66 million shares were traded. FWRD stock price reached its highest trading level at $36.61 during the session, while it also had its lowest trading level at $35.1853.
Ratios:
To gain a deeper understanding of FWRD’s stock, we examine its different ratios. 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 980576512 and an Enterprise Value of 3037696000. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 3.46. Its current Enterprise Value per Revenue stands at 1.629 whereas that against EBITDA is 16.451.
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 17.81%, while the 200-Day Moving Average is calculated to be 9.40%.
Shares Statistics:
It appears that FWRD traded 890.90K shares on average per day over the past three months and 1211120 shares per day over the past ten 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 100.90% stake in the company. Shares short for FWRD as of 1726185600 were 4900230 with a Short Ratio of 5.50, compared to 1723680000 on 4693631. Therefore, it implies a Short% of Shares Outstanding of 4900230 and a Short% of Float of 21.790001.
Dividends & Splits
With its trailing 12-month dividend rate of 0.48, FWRD has a forward annual dividend rate of 0.24. Against a Trailing Annual Dividend Yield of 0.0135478405The stock’s 5-year Average Dividend Yield is 1.28.
