On Tuesday, Forward Air Corp. (NASDAQ: FWRD) was -4.87% drop from the session before settling in for the closing price of $39.42. A 52-week range for FWRD has been $11.21 – $77.55.
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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. When this article was written, the company’s average yearly earnings per share was at -128.21%. With a float of $19.05 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Forward Air Corp. stocks. The insider ownership of Forward Air Corp. is 31.24%, while institutional ownership is 100.81%.
Forward Air Corp. (FWRD) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.99 earnings per share (EPS) during the time that was less than consensus figure (set at 1.11) by -0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -128.21% 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
You can see what Forward Air Corp. (FWRD) is doing with its current performance indicators. In the most recent 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 0.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -28.63, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach 0.23 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 1.03 million. That was better than the volume of 1.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 71.15%. Additionally, its Average True Range was 1.99.
During the past 100 days, Forward Air Corp.’s (FWRD) raw stochastic average was set at 86.10%, which indicates a significant increase from 51.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.62% in the past 14 days, which was lower than the 67.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.18, while its 200-day Moving Average is $30.04. However, in the short run, Forward Air Corp.’s stock first resistance to watch stands at $38.85. Second resistance stands at $40.20. The third major resistance level sits at $40.97. If the price goes on to break the first support level at $36.74, it is likely to go to the next support level at $35.97. The third support level lies at $34.62 if the price breaches the second support level.
Forward Air Corp. (NASDAQ: FWRD) Key Stats
There are 26,438K outstanding shares of the company, which has a market capitalization of 1.04 billion. As of now, sales total 1,371 M while income totals 167,350 K. Its latest quarter income was 643,670 K while its last quarter net income were -645,430 K.
