On Monday, Forward Air Corp (NASDAQ: FWRD) opened lower -4.35% from the last session, before settling in for the closing price of $34.52. Price fluctuations for FWRD have ranged from $11.21 to $67.20 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 -113.10% at the time writing. With a float of $19.70 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 2.05%, operating margin of -1.98%, and the pretax margin is -59.75%.
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 31.95%, while institutional ownership is 93.67%.
Forward Air Corp (FWRD) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -113.10% 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 1.21. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -31.62, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach 0.52 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 0.66 million, which is a drop from its year-to-date volume of 1.0 million. As of the previous 9 days, the stock’s Stochastic %D was 35.87%. Additionally, its Average True Range was 2.06.
During the past 100 days, Forward Air Corp’s (FWRD) raw stochastic average was set at 66.23%, which indicates a significant increase from 28.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.02% in the past 14 days, which was lower than the 67.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $36.06, while its 200-day Moving Average is $28.56. However, in the short run, Forward Air Corp’s stock first resistance to watch stands at $34.46. Second resistance stands at $35.90. The third major resistance level sits at $36.75. If the price goes on to break the first support level at $32.18, it is likely to go to the next support level at $31.33. Should the price break the second support level, the third support level stands at $29.89.
Forward Air Corp (NASDAQ: FWRD) Key Stats
There are currently 28,954K shares outstanding in the company with a market cap of 914.99 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 655,940 K and its income totaled -73,410 K.
