Forward Air Corp (NASDAQ: FWRD) kicked off on Monday, up 6.61% from the previous trading day, before settling in for the closing price of $32.23. Over the past 52 weeks, FWRD has traded in a range of $11.21-$61.42.
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During the last 5-year period, the sales growth of Industrials Sector giant was 4.52%. While this was happening, its average annual earnings per share was recorded -118.24%. With a float of $20.12 million, this company’s outstanding shares have now reached $28.69 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) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Integrated Freight & Logistics Industry. The insider ownership of Forward Air Corp is 30.50%, while institutional ownership is 93.61%.
Forward Air Corp (FWRD) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -118.24% per share during the next fiscal year.
Forward Air Corp (NASDAQ: FWRD) Trading Performance Indicators
Take a look at Forward Air Corp’s (FWRD) current performance indicators. Last quarter, stock had a quick ratio of 1.21. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -31.62, a number that is poised to hit -0.18 in the next quarter and is forecasted to reach 0.37 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 0.5 million, which is a drop from its year-to-date volume of 0.51 million. As of the previous 9 days, the stock’s Stochastic %D was 73.04%. Additionally, its Average True Range was 1.87.
During the past 100 days, Forward Air Corp’s (FWRD) raw stochastic average was set at 51.55%, which indicates a significant decrease from 98.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.38% in the past 14 days, which was higher than the 48.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.76, while its 200-day Moving Average is $28.20. However, in the short run, Forward Air Corp’s stock first resistance to watch stands at $35.48. Second resistance stands at $36.61. The third major resistance level sits at $38.71. If the price goes on to break the first support level at $32.25, it is likely to go to the next support level at $30.15. Now, if the price goes above the second support level, the third support stands at $29.02.
Forward Air Corp (NASDAQ: FWRD) Key Stats
The company with the Market Capitalisation of 994.87 million has total of 28,954K Shares Outstanding. Its annual sales at the moment are 1,371 M in contrast with the sum of 167,350 K annual income. Company’s last quarter sales were recorded 655,940 K and last quarter income was -73,410 K.
