A new trading day began on Tuesday, with Forward Air Corp (NASDAQ: FWRD) stock price up 8.21% from the previous day of trading, before settling in for the closing price of $33.73. FWRD’s price has ranged from $11.21 to $68.09 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 2.01%. Meanwhile, its annual earnings per share averaged -114.46%. With a float of $19.05 million, this company’s outstanding shares have now reached $25.67 million.
The extent of productivity of a business whose workforce counts for 4014 workers is very important to gauge. In terms of profitability, gross margin is 3.33%, operating margin of -53.38%, and the pretax margin is -61.21%.
Forward Air Corp (FWRD) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Integrated Freight & Logistics Industry. The insider ownership of Forward Air Corp is 31.24%, while institutional ownership is 97.84%.
Forward Air Corp (FWRD) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -114.46% 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
Here are Forward Air Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -31.65, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach 0.53 in one year’s time.
Technical Analysis of Forward Air Corp (FWRD)
The latest stats from [Forward Air Corp, FWRD] show that its last 5-days average volume of 1.02 million was superior to 1.01 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 30.24%. Additionally, its Average True Range was 2.17.
During the past 100 days, Forward Air Corp’s (FWRD) raw stochastic average was set at 81.11%, which indicates a significant increase from 58.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.69% in the past 14 days, which was lower than the 67.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $35.51, while its 200-day Moving Average is $29.04. Now, the first resistance to watch is $38.57. This is followed by the second major resistance level at $40.63. The third major resistance level sits at $44.77. If the price goes on to break the first support level at $32.37, it is likely to go to the next support level at $28.23. Assuming the price breaks the second support level, the third support level stands at $26.17.
Forward Air Corp (NASDAQ: FWRD) Key Stats
With a market capitalization of 1.01 billion, the company has a total of 27,700K Shares Outstanding. Currently, annual sales are 1,371 M while annual income is 167,350 K. The company’s previous quarter sales were 643,670 K while its latest quarter income was -645,430 K.
