In last trading session, Forward Air Corp. (NASDAQ:FWRD) saw 0.41 million shares changing hands with its beta currently measuring 1.02. Company’s recent per share price level of $35.43 trading at -$0.09 or -0.25% at ring of the bell on the day assigns it a market valuation of $981.41M. That closing price of FWRD’s stock is at a discount of -124.41% from its 52-week high price of $79.51 and is indicating a premium of 68.36% from its 52-week low price of $11.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.34 million shares which gives us an average trading volume of 895.81K if we extend that period to 3-months.
For Forward Air Corp. (FWRD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.75. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.15 in the current quarter.
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Forward Air Corp. (NASDAQ:FWRD) trade information
Upright in the red during last session for losing -0.25%, in the last five days FWRD remained trading in the red while hitting it’s week-highest on Wednesday, 09/25/24 when the stock touched $35.43 price level, adding 5.57% to its value on the day. Forward Air Corp.’s shares saw a change of -43.65% in year-to-date performance and have moved -1.42% in past 5-day. Forward Air Corp. (NASDAQ:FWRD) showed a performance of 9.22% in past 30-days. Number of shares sold short was 4.9 million shares which calculate 5.97 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 25 to the stock, which implies a fall of -41.72% to its current value. Analysts have been projecting 17 as a low price target for the stock while placing it at a high target of 165. It follows that stock’s current price would jump 52.02% in reaching the projected high whereas dropping to the targeted low would mean a gain of 52.02% for stock’s current value.
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 added 13.89% of value to its shares in past 6 months, showing an annual growth rate of -125.77% while that of industry is -15.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 82.70% 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 655.8M for the same. And 4 analysts are in estimates of company making revenue of 667.72M in the next quarter. Company posted 413.45M and 338.43M 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 -126.68% 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 on 2024-Oct-28 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. With an annual yield of 0.68%, the share has a forward dividend of 0.24 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.28%.
Forward Air Corp. (NASDAQ:FWRD)’s Major holders
Insiders are in possession of 1.71% of company’s total shares while institution are holding 122.41 percent of that, with stock having share float percentage of 124.54%. Investors also watch the number of corporate investors in a company very closely, which is 122.41% institutions for Forward Air Corp. that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at FWRD for having 4.53 million shares of worth $86.24 million. And as of 2024-06-30, it was holding 17.2482 of the company’s outstanding shares.
The second largest institutional holder is CLEARLAKE CAPITAL GROUP, L.P., which was holding about 3.83 million shares on 2024-06-30. The number of shares represents firm’s hold over 14.5656 of outstanding shares, having a total worth of $72.83 million.
