A share price of Forward Air Corp. [FWRD] is currently trading at $35.41, up 4.09%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FWRD shares have gain 10.86% over the last week, with a monthly amount glided 40.91%, 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.
Forward Air Corp. experienced fluctuations in its stock price throughout the past year between $11.21 and $79.51. Currently, Wall Street analysts expect the stock to reach $74 within the next 12 months. Forward Air Corp. [NASDAQ: FWRD] shares were valued at $35.41 at the most recent close of the market. An investor can expect a potential return of 108.98% based on the average FWRD price forecast.
Analyzing the FWRD fundamentals
Trailing Twelve Months sales for Forward Air Corp. [NASDAQ:FWRD] were 1.94B which represents 60.04% growth. Gross Profit Margin for this corporation currently stands at -0.01% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.65%, and Net Profit Margin reading is -0.39%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is -1.14 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of6.28.
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 34.39 points at the first support level, and at 33.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.95, and for the 2nd resistance point, it is at 36.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Forward Air Corp. [NASDAQ:FWRD] is 1.33. In addition, the Quick Ratio stands at 1.33 and the Cash Ratio stands at 0.25. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 3.46.
