On Monday, Forward Air Corp. (NASDAQ: FWRD) opened higher 3.03% from the last session, before settling in for the closing price of $32.02. Price fluctuations for FWRD have ranged from $11.21 to $79.51 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 2.01%. Company’s average yearly earnings per share was noted -126.68% at the time writing. With a float of $18.64 million, this company’s outstanding shares have now reached $25.67 million.
Let’s determine the extent of company efficiency that accounts for 4014 employees. In terms of profitability, gross margin is -1.1%, operating margin of -2.6%, and the pretax margin is -64.87%.
Forward Air Corp. (FWRD) Insider Activity
A key investor’s attitude towards the stock of the Integrated Freight & Logistics industry is another important factor to consider. The insider ownership of Forward Air Corp. is 32.69%, while institutional ownership is 100.83%.
Forward Air Corp. (FWRD) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.99 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 1.11) by -0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -126.68% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.16% during the next five years compared to -32.59% drop over the previous five years of trading.
Forward Air Corp. (NASDAQ: FWRD) Trading Performance Indicators
Check out the current performance indicators for Forward Air Corp. (FWRD). In the past quarter, the stock posted a quick ratio of 1.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -28.63, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach 0.29 in one year’s time.
Technical Analysis of Forward Air Corp. (FWRD)
Looking closely at Forward Air Corp. (NASDAQ: FWRD), its last 5-days average volume was 0.86 million, which is a drop from its year-to-date volume of 1.07 million. As of the previous 9 days, the stock’s Stochastic %D was 87.56%. Additionally, its Average True Range was 2.06.
During the past 100 days, Forward Air Corp.’s (FWRD) raw stochastic average was set at 98.93%, which indicates a significant increase from 98.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 92.86% in the past 14 days, which was lower than the 94.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.86, while its 200-day Moving Average is $35.84. However, in the short run, Forward Air Corp.’s stock first resistance to watch stands at $33.69. Second resistance stands at $34.40. The third major resistance level sits at $35.69. If the price goes on to break the first support level at $31.69, it is likely to go to the next support level at $30.40. Should the price break the second support level, the third support level stands at $29.69.
Forward Air Corp. (NASDAQ: FWRD) Key Stats
There are currently 26,438K shares outstanding in the company with a market cap of 913.82 million. Presently, the company’s annual sales total 1,371 M according to its annual income of 167,350 K. Last quarter, the company’s sales amounted to 643,670 K and its income totaled -645,430 K.
