In the latest session, Forward Air Corp. (NASDAQ: FWRD) closed at $24.52 down -4.14% from its previous closing price of $25.58. On the day, 1035952 shares were traded.
Ratios:
For a deeper understanding of Forward Air Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.18. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 1.46. In the meantime, Its Debt-to-Equity ratio is 2.55 whereas as Long-Term Debt/Eq ratio is at 2.47.
On August 29, 2023, Jefferies Upgraded its rating to Buy which previously was Hold and also lowered its target price recommendation from $110 to $85.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 25 ’23 when RUBLE CHRIS C bought 1,433 shares for $69.77 per share. The transaction valued at 99,992 led to the insider holds 28,276 shares of the business.
MITCHIN KYLE R bought 1,093 shares of FWRD for $75,013 on Aug 25 ’23. The Chief People Officer now owns 18,896 shares after completing the transaction at $68.63 per share. On Aug 22 ’23, another insider, Ronning Nancee L, who serves as the Chief Commercial Officer of the company, bought 315 shares for $64.65 each. As a result, the insider paid 20,365 and bolstered with 3,045 shares of the company.
Valuation Measures:
As of this moment, Forward’s Price-to-Earnings (P/E) ratio for their current fiscal year is 63.72, and their Forward P/E ratio for the next fiscal year is 12.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 0.82.
Stock Price History:
Over the past 52 weeks, FWRD has reached a high of $121.38, while it has fallen to a 52-week low of $25.38.
Shares Statistics:
A total of 25.67M shares are outstanding, with a floating share count of 23.76M. Insiders hold about 7.41% of the company’s shares, while institutions hold 98.14% stake in the company.
Earnings Estimates
There are Weatherford International plc different market analysts currently analyzing its stock. The consensus estimate for the next quarter is $24.52, with high estimates of $22.66 and low estimates of $0.54.
Analysts are recommending an EPS of between $Consumer Cyclical and $Consumer Cyclical for the fiscal current year, implying an average EPS of $Industrials.
