On Friday, Forward Air Corp. (NASDAQ: FWRD) opened higher 4.09% from the last session, before settling in for the closing price of $34.02. Price fluctuations for FWRD have ranged from $11.21 to $79.51 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 2.01% annually for the last half of the decade. Company’s average yearly earnings per share was noted -126.68% at the time writing. With a float of $19.06 million, this company’s outstanding shares have now reached $25.67 million.
In an organization with 4014 employees, it is important to assess its efficiency. 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 and Institutional Ownership
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 31.20%, while institutional ownership is 100.83%.
Forward Air Corp. (FWRD) Latest Financial update
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 0.51.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.91 million. That was inferior than the volume of 1.05 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 85.38%. Additionally, its Average True Range was 2.00.
During the past 100 days, Forward Air Corp.’s (FWRD) raw stochastic average was set at 99.71%, which indicates a significant increase from 98.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.77% in the past 14 days, which was lower than the 91.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.23, while its 200-day Moving Average is $33.76. However, in the short run, Forward Air Corp.’s stock first resistance to watch stands at $35.95. Second resistance stands at $36.50. The third major resistance level sits at $37.52. If the price goes on to break the first support level at $34.39, it is likely to go to the next support level at $33.37. The third support level lies at $32.83 if the price breaches the second support level.
Forward Air Corp. (NASDAQ: FWRD) Key Stats
There are currently 26,438K shares outstanding in the company with a market cap of 980.86 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.
