On Tuesday, Forward Air Corp (NASDAQ: FWRD) was 3.37% up from the session before settling in for the closing price of $14.85. A 52-week range for FWRD has been $9.78 – $40.92.
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Industrials Sector giant saw their annual sales surged by 19.71% over the last five years. When this article was written, the company’s average yearly earnings per share was at 96.91%. With a float of $20.87 million, this company’s outstanding shares have now reached $29.76 million.
The firm has a total of 6319 workers. Let’s measure their productivity. In terms of profitability, gross margin is 7.14%, operating margin of -1.99%, and the pretax margin is -50.51%.
Forward Air Corp (FWRD) Insider Activity
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 31.35%, while institutional ownership is 88.60%.
Forward Air Corp (FWRD) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 96.91% per share during the next fiscal year.
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 1.23. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -30.74, a number that is poised to hit -0.55 in the next quarter and is forecasted to reach 0.22 in one year’s time.
Technical Analysis of Forward Air Corp (FWRD)
Analysing the last 5-days average volume posted by the [Forward Air Corp, FWRD], we can find that recorded value of 0.73 million was better than the volume posted last year of 0.72 million. As of the previous 9 days, the stock’s Stochastic %D was 90.16%. Additionally, its Average True Range was 1.61.
During the past 100 days, Forward Air Corp’s (FWRD) raw stochastic average was set at 20.29%, which indicates a significant decrease from 49.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 210.49% in the past 14 days, which was higher than the 93.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.05, while its 200-day Moving Average is $29.35. Now, the first resistance to watch is $15.70. This is followed by the second major resistance level at $16.04. The third major resistance level sits at $16.69. If the price goes on to break the first support level at $14.71, it is likely to go to the next support level at $14.06. Should the price break the second support level, the third support level stands at $13.72.
Forward Air Corp (NASDAQ: FWRD) Key Stats
There are 30,403K outstanding shares of the company, which has a market capitalization of 466.68 million. As of now, sales total 2,474 M while income totals -816,970 K. Its latest quarter income was 632,850 K while its last quarter net income were -36,420 K.
