Forward Air Corp. (FWRD) concluded trading on Thursday at a closing price of $16.76, with 5.07 million shares of worth about $85.01 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -74.81% during that period and on May 09, 2024 the price saw a loss of about -22.08%. Currently the company’s common shares owned by public are about 25.67M shares, out of which, 25.08M shares are available for trading.
Stock saw a price change of -20.64% in past 5 days and over the past one month there was a price change of -41.30%. Year-to-date (YTD), FWRD shares are showing a performance of -73.34% which decreased to -82.51% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.50 but also hit the highest price of $121.38 during that period. The average intraday trading volume for Forward Air Corp. shares is 991.38K. The stock is currently trading -27.12% below its 20-day simple moving average (SMA20), while that difference is down -38.11% for SMA50 and it goes to -70.52% lower than SMA200.
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Forward Air Corp. (NASDAQ: FWRD) currently have 25.67M outstanding shares and institutions hold larger chunk of about 97.33% of that.
The stock has a current market capitalization of $441.96M and its 3Y-monthly beta is at 1.04. It has posted earnings per share of -$3.33 in the same period. It has Quick Ratio of 1.46 while making debt-to-equity ratio of 2.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FWRD, volatility over the week remained 11.93% while standing at 6.83% over the month.
Analysts are in expectations that Forward Air Corp. (FWRD) stock would likely to be making an EPS of -$0.11 in the current quarter, while forecast for next quarter EPS is $0.11 and it is $1.51 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.32 which is $0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.37 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -74.60% while it is estimated to increase by 97.49% in next year. EPS is likely to grow at an annualized rate of 13.16% for next 5-years, compared to annual growth of -32.59% made by the stock over the past 5-years.
Coverage by Jefferies stated Forward Air Corp. (FWRD) stock as a Buy in their note to investors on August 29, 2023, suggesting a price target of $85 for the stock. On August 28, 2023, Wolfe Research Upgrade their recommendations, while on August 15, 2023, Robert W. Baird Downgrade their ratings for the stock with a price target of $80. Stock get an Underperform rating from Wolfe Research on August 11, 2023.
