For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Forward Air Corp (NASDAQ: FWRD) closed the day trading at $16.51 down -8.48% from the previous closing price of $18.04. In other words, the price has decreased by -$8.48 from its previous closing price. On the day, 0.54 million shares were traded.
Ratios:
For a better understanding of FWRD, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.47. 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 0.20 while its Price-to-Book (P/B) ratio in mrq is 3.25.
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 -4.55%, while the 200-Day Moving Average is calculated to be -42.38%.
Shares Statistics:
A total of 30.41M shares are outstanding, with a floating share count of 19.96M. Insiders hold about 34.39% of the company’s shares, while institutions hold 89.98% stake in the company.
