In last trading session, Forward Air Corp. (NASDAQ:FWRD) saw 1.95 million shares changing hands with its beta currently measuring 0.93. Company’s recent per share price level of $12.50 trading at $0.25 or 2.04% at ring of the bell on the day assigns it a market valuation of $330.50M. That closing price of FWRD’s stock is at a discount of -871.04% from its 52-week high price of $121.38 and is indicating a premium of 10.32% from its 52-week low price of $11.21. Taking a look at company’s average trading volume volume of 1.23 million if we extend that period to 3-months.
Forward Air Corp. (NASDAQ:FWRD) trade information
Upright in the green during last session for gaining 2.04%, in the last five days FWRD remained trading in the red while hitting it’s week-highest on Friday, 05/17/24 when the stock touched $12.50 price level, adding 19.35% to its value on the day. Forward Air Corp.’s shares saw a change of -80.12% in year-to-date performance and have moved -18.83% in past 5-day. Forward Air Corp. (NASDAQ:FWRD) showed a performance of -46.35% in past 30-days.
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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 -80.74% of value to its shares in past 6 months, showing an annual growth rate of -111.73% while that of industry is -8.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 80.70% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 665.5M for the same. And 3 analysts are in estimates of company making revenue of 676.3M in the next quarter. Company posted 452.85M and 413.45M 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 -110.28% 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.
