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Forward Air Corp. (FWRD): These Numbers Show Where NASDAQ:FWRD Stock Is Going Next

Forward Air Corp. (NASDAQ: FWRD) is -65.47% lower on its value in year-to-date trading and has touched a low of $11.21 and a high of $121.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FWRD stock was last observed hovering at around $20.67 in the last trading session, with the day’s gains setting it 1.04%.

Currently trading at $21.71, the stock is 39.31% and 3.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing 5.03% at the moment leaves the stock -55.11% off its SMA200. FWRD registered -79.08% loss for a year compared to 6-month loss of -65.94%.

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The stock witnessed a 29.53% gain in the last 1 month and extending the period to 3 months gives it a -27.73%, and is 26.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.63% over the week and 11.24% over the month.

Forward Air Corp. (FWRD) has around 4014 employees, a market worth around $574.01M and $1.70B in sales. Fwd P/E is 28.09. Profit margin for the company is -5.81%. Distance from 52-week low is 93.66% and -82.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.43%).

The EPS is expected to shrink by -117.10% this year.

Forward Air Corp. (FWRD) Top Institutional Holders

The shares outstanding are 25.67M, and float is at 21.52M with Short Float at 25.37%.

Forward Air Corp. (FWRD) Insider Activity

The most recent transaction is an insider purchase by RUBLE CHRIS C,the company’sChief Operating Officer. SEC filings show that RUBLE CHRIS C bought 1,433 shares of the company’s common stock on Aug 25 ’23 at a price of $69.77 per share for a total of $99992.0. Following the purchase, the insider now owns 28276.0 shares.

Forward Air Corp. disclosed in a document filed with the SEC on Aug 25 ’23 that MITCHIN KYLE R (Chief People Officer) bought a total of 1,093 shares of the company’s common stock. The trade occurred on Aug 25 ’23 and was made at $68.63 per share for $75013.0. Following the transaction, the insider now directly holds 18896.0 shares of the FWRD stock.

Still, SEC filings show that on Aug 22 ’23, Ronning Nancee L (Chief Commercial Officer) acquired 315 shares at an average price of $64.65 for $20365.0. The insider now directly holds 3,045 shares of Forward Air Corp. (FWRD).

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