The stock of Forward Air Corp (FWRD) has seen a -1.32% decrease in the past week, with a -3.05% drop in the past month, and a 62.22% flourish in the past quarter. The volatility ratio for the week is 8.81%, and the volatility levels for the past 30 days are at 5.87% for FWRD. The simple moving average for the past 20 days is -0.89% for FWRD’s stock, with a 25.68% 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 1.02. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for FWRD is 19.05M, and currently, short sellers hold a 22.50% ratio of that float. The average trading volume of FWRD on November 06, 2024 was 843.78K shares.
FWRD) stock’s latest price update
Forward Air Corp (NASDAQ: FWRD) has experienced a rise in its stock price by 8.21 compared to its previous closing price of 33.73. However, the company has seen a fall of -1.32% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-04 that Forward Air Corporation (NASDAQ:FWRD ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Tony Carreño – SVP, Treasury and IR Shawn Stewart – CEO Jamie Pierson – CFO Conference Call Participants Bruce Chan – Stifel Joe Hafling – Jefferies Scott Group – Wolfe Research Bascome Majors – Susquehanna Christopher Kuhn – Benchmark Company Operator Welcome to the Forward Air’s Third Quarter 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for your questions following the presentation.
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 2.79% 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 -46.39% of loss for the given period.
Volatility was left at 5.87%, however, over the last 30 days, the volatility rate increased by 8.81%, as shares sank -2.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.64% upper at present.
During the last 5 trading sessions, FWRD fell by -1.32%, which changed the moving average for the period of 200-days by -31.13% in comparison to the 20-day moving average, which settled at $36.83. In addition, Forward Air Corp saw -41.94% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FWRD
Current profitability levels for the company are sitting at:
- -0.53 for the present operating margin
- 0.03 for the gross margin
The net margin for Forward Air Corp stands at -0.39. The total capital return value is set at -0.44. Equity return is now at value -176.98, with -37.17 for asset returns.
Based on Forward Air Corp (FWRD), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 9.24. The interest coverage ratio of the stock is 9.72.
Currently, EBITDA for the company is 145.62 million with net debt to EBITDA at -12.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.39. The receivables turnover for the company is 5.87for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To put it simply, Forward Air Corp (FWRD) has had a bad 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.
