At the time of writing, Forward Air Corp. [FWRD] stock is trading at $27.24, up 21.07%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FWRD shares have gain 13.59% over the last week, with a monthly amount glided 40.70%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Forward Air Corp. [NASDAQ: FWRD] stock has seen the most recent analyst activity on May 28, 2024, when Wolfe Research upgraded its rating to a Peer Perform. Previously, Wolfe Research downgraded its rating to Underperform on January 10, 2024. On August 29, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $85 on the stock. Wolfe Research upgraded its rating to a Peer Perform. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $80 on August 15, 2023. Wolfe Research downgraded its rating to Underperform for this stock on August 11, 2023, but kept the price target unchanged to $80. In a note dated August 11, 2023, Stifel downgraded an Hold rating on this stock and revised its target price from $127 to $103.
For the past year, the stock price of Forward Air Corp. fluctuated between $11.21 and $113.36. Currently, Wall Street analysts expect the stock to reach $74 within the next 12 months. Forward Air Corp. [NASDAQ: FWRD] shares were valued at $27.24 at the most recent close of the market. An investor can expect a potential return of 171.66% based on the average FWRD price forecast.
Analyzing the FWRD fundamentals
According to Forward Air Corp. [NASDAQ:FWRD], the company’s sales were 1.94B for trailing twelve months, which represents an 60.04% jump. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.11 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.93.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.89 points at the first support level, and at 24.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.50, and for the 2nd resistance point, it is at 29.75.
Ratios To Look Out For
It is important to note that Forward Air Corp. [NASDAQ:FWRD] has a current ratio of 1.33. Also, the Quick Ratio is 1.28, while the Cash Ratio stands at 0.39. Considering the valuation of this stock, the price to sales ratio is 0.37, the price to book ratio is 0.78.
Transactions by insiders
Recent insider trading involved RUBLE CHRIS C, Chief Operating Officer, that happened on Aug 25 ’23 when 1433.0 shares were purchased. Chief People Officer, MITCHIN KYLE R completed a deal on Aug 25 ’23 to buy 1093.0 shares. Meanwhile, Chief Commercial Officer Ronning Nancee L bought 315.0 shares on Aug 22 ’23.
