In last trading session, Forward Air Corp. (NASDAQ:FWRD) saw 0.6 million shares changing hands with its beta currently measuring 1.05. Company’s recent per share price level of $21.78 trading at $0.66 or 3.12% at ring of the bell on the day assigns it a market valuation of $574.34M. That closing price of FWRD’s stock is at a discount of -457.3% from its 52-week high price of $121.38 and is indicating a premium of 3.81% from its 52-week low price of $20.95. Taking a look at company’s average trading volume volume of 982.25K if we extend that period to 3-months.
Forward Air Corp. (NASDAQ:FWRD) trade information
Upright in the green during last session for gaining 3.12%, in the last five days FWRD remained trading in the red while hitting it’s week-highest on Monday, 04/29/24 when the stock touched $21.78 price level, adding 6.88% to its value on the day. Forward Air Corp.’s shares saw a change of -65.36% in year-to-date performance and have moved -2.20% in past 5-day. Forward Air Corp. (NASDAQ:FWRD) showed a performance of -22.24% in past 30-days.
Forward Air Corp. (FWRD) estimates and forecasts
Statistics highlight that Forward Air Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -65.25% of value to its shares in past 6 months, showing an annual growth rate of -85.71% while that of industry is -1.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 100.80% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 604.01M for the same. And 4 analysts are in estimates of company making revenue of 698.29M in the next quarter. Company posted 427.07M and 452.85M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -32.59% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -74.60% while estimates for its earnings growth in next 5 years are of 13.16%.
FWRD Dividends
Forward Air Corp. is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
