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The closing price of Forward Air Corp (NASDAQ: FWRD) was $13.52 for the day, up 1.58% from the previous closing price of $13.31. In other words, the price has increased by $1.58 from its previous closing price. On the day, 1.05 million shares were traded. FWRD stock price reached its highest trading level at $13.69 during the session, while it also had its lowest trading level at $12.09.
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 1.23 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 10.64 whereas as Long-Term Debt/Eq ratio is at 10.08.
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 411047232 and an Enterprise Value of 2536081920. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 1.99. Its current Enterprise Value per Revenue stands at 1.025 whereas that against EBITDA is 13.524.
Stock Price History:
The Beta on a monthly basis for FWRD is 1.33, which has changed by -0.4486134 over the last 52 weeks, in comparison to a change of 0.059571505 over the same period for the S&P500. 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 -41.40%, while the 200-Day Moving Average is calculated to be -54.14%.
Shares Statistics:
FWRD traded an average of 738.44K shares per day over the past three months and 1322760 shares per day over the past ten days. A total of 29.76M shares are outstanding, with a floating share count of 20.87M. Insiders hold about 31.35% of the company’s shares, while institutions hold 89.31% stake in the company. Shares short for FWRD as of 1743379200 were 3687980 with a Short Ratio of 4.99, compared to 1740700800 on 3802843. Therefore, it implies a Short% of Shares Outstanding of 3687980 and a Short% of Float of 14.64.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0The stock’s 5-year Average Dividend Yield is 1.26.
