In the past week, FWRD stock has gone up by 13.74%, with a monthly gain of 46.01% and a quarterly surge of 19.60%. The volatility ratio for the week is 5.92%, and the volatility levels for the last 30 days are 6.20% for Forward Air Corp. The simple moving average for the past 20 days is 27.27% for FWRD’s stock, with a -31.99% simple moving average for the past 200 days.
Is It Worth Investing in Forward Air Corp. (NASDAQ: FWRD) Right Now?
FWRD has 36-month beta value of 0.96. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for FWRD is 18.57M, and currently, short sellers hold a 31.67% ratio of that float. The average trading volume of FWRD on July 25, 2024 was 1.30M shares.
FWRD) stock’s latest price update
The stock of Forward Air Corp. (NASDAQ: FWRD) has increased by 10.15 when compared to last closing price of 25.30.Despite this, the company has seen a gain of 13.74% in its stock price over the last five trading days. investorplace.com reported 2024-07-16 that It’s not been a great year for transportation stocks. The benchmark SPDR S&P Transportation ETF (NYSEARCA: XTN ) has fallen 9% over the past 12 months.
Analysts’ Opinion of FWRD
Jefferies gave a rating of “Buy” to FWRD, setting the target price at $85 in the report published on August 29th of the previous year.
FWRD Trading at 45.09% from the 50-Day Moving Average
After a stumble in the market that brought FWRD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.04% of loss for the given period.
Volatility was left at 6.20%, however, over the last 30 days, the volatility rate increased by 5.92%, as shares surge +39.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +69.88% upper at present.
During the last 5 trading sessions, FWRD rose by +12.05%, which changed the moving average for the period of 200-days by -61.55% in comparison to the 20-day moving average, which settled at $22.29. In addition, Forward Air Corp. saw -55.68% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FWRD starting from RUBLE CHRIS C, who purchase 1,433 shares at the price of $69.77 back on Aug 25 ’23. After this action, RUBLE CHRIS C now owns 28,276 shares of Forward Air Corp., valued at $99,992 using the latest closing price.
MITCHIN KYLE R, the Chief People Officer of Forward Air Corp., purchase 1,093 shares at $68.63 during a trade that took place back on Aug 25 ’23, which means that MITCHIN KYLE R is holding 18,896 shares at $75,013 based on the most recent closing price.
Stock Fundamentals for FWRD
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.04 for the gross margin
The net margin for Forward Air Corp. stands at -0.05. The total capital return value is set at -0.0. Equity return is now at value -5.86, with -1.82 for asset returns.
Based on Forward Air Corp. (FWRD), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at 1.93. The interest coverage ratio of the stock is 1.01.
Currently, EBITDA for the company is 145.62 million with net debt to EBITDA at 33.22. When we switch over and look at the enterprise to sales, we see a ratio of 1.56. The receivables turnover for the company is 4.8for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.
Conclusion
To put it simply, Forward Air Corp. (FWRD) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
