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After finishing at $30.30 in the prior trading day, Forward Air Corp (NASDAQ: FWRD) closed at $30.63, up 1.09%. In other words, the price has increased by $1.09 from its previous closing price. On the day, 0.49 million shares were traded. FWRD stock price reached its highest trading level at $31.33 during the session, while it also had its lowest trading level at $30.41.
Ratios:
Our goal is to gain a better understanding of FWRD by taking a closer look at its different ratios. 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 886873216 and an Enterprise Value of 2948880640. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 3.89. Its current Enterprise Value per Revenue stands at 1.353 whereas that against EBITDA is 13.31.
Stock Price History:
The Beta on a monthly basis for FWRD is 1.03, which has changed by -0.25091708 over the last 52 weeks, in comparison to a change of 0.22894537 over the same period for the S&P500. Over the past 52 weeks, FWRD has reached a high of $41.89, while it has fallen to a 52-week low of $11.21. The 50-Day Moving Average of the stock is -5.53%, while the 200-Day Moving Average is calculated to be 5.77%.
Shares Statistics:
The stock has traded on average 525.39K shares per day over the past 3-months and 531270 shares per day over the last 10 days, according to various share statistics. A total of 28.69M shares are outstanding, with a floating share count of 20.09M. Insiders hold about 30.51% of the company’s shares, while institutions hold 93.83% stake in the company. Shares short for FWRD as of 1738281600 were 3464822 with a Short Ratio of 6.59, compared to 1735603200 on 3720694. Therefore, it implies a Short% of Shares Outstanding of 3464822 and a Short% of Float of 14.59.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.007920792The 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.
